The Federal Reserve Board announces approval of application by WSFS Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Feb. 27, 2019. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced its approval of the application under section 10(e) of the Home Owners' Loan Act by WSFS Financial Corporation, Wilmington, Delaware, to acquire Beneficial Bancorp, Inc. and thereby indirectly acquire Beneficial Bank, both of Philadelphia, Pennsylvania.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System