WSFS Bank
WSFS Bank (Wilmington Savings Fund Society, FSB) is a Wilmington, Delaware-headquartered regional bank founded in 1832, operating as the primary banking subsidiary of WSFS Financial Corporation (NASDAQ: WSFS) with $22.1 billion in assets and 80+ branches serving consumers, small businesses, commercial clients, and institutional customers across the Greater Philadelphia and Delaware region.
- Company typePublic
- Founded1832
- HeadquartersWilmington, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What WSFS Bank does
WSFS Bank (legal name Wilmington Savings Fund Society, FSB) is a federally chartered savings bank headquartered at 500 Delaware Avenue, Wilmington, Delaware, operating as the primary banking subsidiary of WSFS Financial Corporation (NASDAQ: WSFS). Founded in 1832 and public via Nasdaq since 1986, the bank is the seventh oldest continuously operating bank in the United States and reports $22.1 billion in total assets, $18.5 billion in client deposits (+9% year-over-year as of Q1 2026), and $97.6 billion in assets under management and administration as of March 31, 2026. It serves consumers, small businesses, commercial clients, and institutional customers through 80+ banking offices in the Greater Philadelphia and Delaware region, an extensive ATM network, and an online and mobile banking platform with features such as Snapshot Deposit mobile capture, Zelle P2P payments, and Early Pay.
The product set spans five business units. Personal Banking offers Everyday, Campus, and Relationship Checking, High-Yield Money Market, Fixed Rate CDs, HELOCs, and WSFS Mortgage (available in all 50 states). Small Business Banking provides tiered checking, SBA lending (#1 in Delaware and #3 in Pennsylvania by dollars financed), Small Business Express Loans up to $100,000, Xpress Deposit remote capture, Cash Connect smart safes, and merchant services. Commercial Banking delivers treasury management, capital markets (interest rate hedging, trade finance, FX in 130+ currencies), and commercial real estate financing. Wealth Management operates through the Bryn Mawr Trust brand and Bryn Mawr Trust Company of Delaware, offering private banking, investment advisory, and Delaware statutory trusts. Institutional Services provides corporate trustee, SPV management via WSFS SPE Services, and Global Capital Markets with capitalization exceeding $1 billion.
Revenue is generated primarily through net interest income on the loan and securities portfolio, with growing fee streams. Q1 2026 reported revenue of $275.3 million, fee revenue of $90.1 million (+11% YoY), Wealth & Trust fee revenue up 25% YoY, Institutional Services revenue up over 40% YoY, and net income of $86.8 million with 49% YoY EPS growth. Capital allocation includes $94 million returned to shareholders in Q1 2026 via buybacks and dividends, and a 25-35 basis point revised full-year 2026 net charge-off outlook. Operating geography is regional (Greater Philadelphia and Delaware), with mortgage origination national; operating model blends branch-led relationship banking with digital channels and dedicated commercial, small business, and wealth relationship managers.
WSFS Bank firmographics
Firmographics- Name
- WSFS Bank
- Legal name
- Wilmington Savings Fund Society, FSB
- Website
- http://www.wsfsbank.com/
- Company type
- Public
- Founded year
- 1832
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- WSFS Bank (Wilmington Savings Fund Society, FSB) is a Wilmington, Delaware-headquartered regional bank founded in 1832, operating as the primary banking subsidiary of WSFS Financial Corporation (NASDAQ: WSFS) with $22.1 billion in assets and 80+ branches serving consumers, small businesses, commercial clients, and institutional customers across the Greater Philadelphia and Delaware region.
- Ownership category
- akta.pro rank
WSFS Bank industry classification
Industry- Product category
- Regional Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (52211), Portfolio Management and Investment Advice (52394), Offices of Bank Holding Companies (551111)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Consumer & Retail (CPG, Food, Apparel) (FSABACAM)
- akta.pro secondary industries
- High-Net-Worth (HNW) Private Banking (FSABADAB), Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC), Loan Operations & Servicing (Consumer/SME/Corporate) (FSABALAD), Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)
Keywords
Where WSFS Bank is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
WSFS Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest income from loan portfolio including commercial loans, mortgages, and consumer lending. Core of banking revenue model.
- Fee Revenue: Fee income from deposit accounts, wealth management services, institutional services. Grew 11% year-over-year to $90.1 million in Q1 2026.
- Wealth Management: Financial planning, investment management, trust, estate and retirement planning, and tax planning services through Bryn Mawr Trust division. 25% revenue expansion in Q1 2026.
- Institutional Services: Corporate trustee services, SPV management, global capital markets services. Revenue from institutional trust and corporate services expanded over 40% in Q1 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Everyday Banking Checking - Basic checking with $500 minimum balance requirement |
| Subscription | Monthly | Campus Banking - Checking for students ages 16-24 with no minimum balance |
| Subscription | Monthly | Relationship Checking - Interest-bearing account with premium benefits |
| Subscription | Monthly | High-Yield Money Market - Premium savings rates |
| One time/ perpetual license | Annual | Fixed Rate CD - Terms from 3-84 months |
| Usage-based | Pay-as-you-go | Home Equity Line of Credit (HELOC) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
WSFS Bank product offering
Product offeringCore offering
WSFS Bank operates a full-service regional banking franchise providing personal checking, savings, mortgages, and consumer lending; small business and commercial deposit, lending, SBA, treasury management, and capital markets services; wealth and private banking through the Bryn Mawr Trust division; and institutional and corporate trust, SPV management, and global capital markets services. The bank serves customers through 80+ physical offices, a large regional ATM network, and digital banking platforms spanning online and mobile channels.
Product overview
WSFS Bank operates as a full-service financial institution with a platform-plus-modules architecture offering personal, small business, commercial, and wealth banking services. The core banking platform includes checking, savings, and lending products, while specialized modules cover mortgage lending (WSFS Mortgage), treasury management, institutional trust services, and wealth management through the Bryn Mawr Trust brand. Digital banking is delivered through WSFS Online & Mobile Banking platform with companion apps, integrated with third-party payment solutions (PayPal, Apple Pay, Samsung Pay, Zelle). Small business offerings include Express Loans up to $100,000 and SBA lending (#1 in Delaware, #3 in Pennsylvania). Institutional services encompass SPV management, corporate trust, and global capital markets with over $1 billion capitalization.
Differentiator
Problem solved
Functional benefit
Brands
- Bryn Mawr Trust: Wealth management and private banking division of WSFS Bank offering investment management, trust services, and financial planning to high net worth individuals and families.
- Bryn Mawr Trust Company of Delaware
Products and services
- Everyday Banking Checking Entry-level personal checking account with no monthly fee when maintaining direct deposit or $500+ average monthly balance. Includes electronic statements and a WSFS Visa Debit Card. Targeted at individuals seeking basic everyday banking.
- Campus Banking Checking Checking account for students and young adults ages 16-24 with no minimum balance requirements and up to $10 per month in refunded non-WSFS ATM fees. Targeted at young adults and students.
- Relationship Checking Interest-bearing checking account with tiered interest rates, bonus rates on related accounts, and discounts on banking services. The $5,000 or $25,000 combined minimum balance waives the monthly fee. Targeted at individuals with larger deposit or lending relationships.
- High-Yield Money Market Premium savings account earning 3.00% APY on balances of $100,000+, with competitive tiered rates on lower balances and bonus rates available when paired with a qualifying checking account. Targeted at individuals seeking higher-yield liquid savings.
- Fixed Rate CD Low-risk savings product with a guaranteed rate of return on terms from 3 to 84 months and a $2,500 minimum opening deposit. Targeted at individuals seeking term deposit savings.
- WSFS Mortgage Mortgage lending platform offering purchase, refinance, construction, and reverse mortgage products with a digital application process available in all 50 states. Targeted at consumers seeking home purchase, refinance, construction, or reverse mortgage financing nationally.
- Home Equity Line of Credit (HELOC) Revolving line of credit secured by home equity with a 3.99% introductory APR for the first six months, a variable rate of 6.50%-8.00% APR thereafter, and the option to lock a fixed rate on a portion of the balance. Targeted at homeowners seeking flexible access to home equity.
- Small Business Checking Basic business checking account with no monthly fee at a $500 average monthly balance, with up to 200 items monthly at no cost. Targeted at small businesses.
- Small Business Premier Checking Premium business checking with no monthly fee at a $10,000 or $100,000 combined balance, up to 500 items monthly, and Business Online Banking Plus included. Targeted at higher-balance small businesses.
- Small Business Express Loans Quick financing up to $100,000 with decisioning in as little as two days, used for equipment financing, overdraft protection, inventory, and operating expenses. Targeted at small businesses needing fast, short-term credit.
- SBA Lending Government-backed small business loans with flexible underwriting and favorable terms. WSFS ranks #1 in Delaware and #3 in Pennsylvania by SBA dollars financed. Targeted at small businesses needing SBA government-backed loans.
- Merchant Services Payment processing solutions enabling small businesses to accept credit and debit card transactions, with various business management system integrations.
- Xpress Deposit (Remote Deposit Capture) Remote deposit capture solution enabling small businesses to deposit checks electronically from their office, reducing branch visits and accelerating cash availability.
- Treasury Management Cash flow control services including deposit and liquidity management, payables, receivables, and fraud prevention. Targeted at commercial businesses with sophisticated treasury needs.
- Capital Markets In-house interest rate hedging, trade finance, international payments, currency risk management, foreign currency accounts in 14+ currencies, and standby letters of credit. Targeted at commercial clients with cross-border and interest-rate hedging needs.
- Private Wealth Management Comprehensive wealth management including financial planning, investment management, trust, estate and retirement planning, and tax planning for individuals, families, and business owners. Targeted at high-net-worth clients and families.
- Private Banking Personalized deposit, credit, and wealth management services delivered through a dedicated Private Banking team. Targeted at high-net-worth individuals seeking bespoke banking and credit.
- Bryn Mawr Trust Wealth Advisory Wealth management offering delivered through Bryn Mawr Trust Advisors (an SEC-registered investment advisor) and Bryn Mawr Trust Company of Delaware (Delaware statutory trust services), operating on the Altruist custodial platform. Targeted at high-net-worth individuals, families, business owners, law firms, and corporations.
- Institutional and Corporate Trust Services Corporate trustee services including Owner and Indenture Trustee, Paying Agent, Calculation Agent, Collateral Agent, eVault, Verification Agent, Custodian, and Delaware Statutory Trustee roles. Targeted at corporations, financial institutions, and structured finance clients.
- Global Capital Markets Premium provider of global services to leveraged loan and capital markets clients with capitalization exceeding $1 billion. Targeted at institutional clients in the leveraged finance and capital markets space.
- SPV Management Services Special purpose vehicle (SPV/SPE) management services including independent director, commercial domicile, registered agent, corporate record keeping, and board meeting services provided via WSFS SPE Services, LLC. Targeted at corporations, financial institutions, and structured finance entities.
Quantifiable outcome
- 92% of Mid-Atlantic small businesses surveyed meet or exceed performance expectations despite economic pressures
- +7 more outcomes
Companies that use WSFS Bank
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles5 records
WSFS Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
WSFS Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- Philadelphia UnionflagshipNaming rights partnership extended through 2030-2031 MLS season for WSFS Bank Sportsplex ($100 million, 170,000-square-foot facility opened July 2025). WSFS designated as official bank and wealth partner of Philadelphia Union. The partnership supports soccer, youth development, and Chester community initiatives.
- AltruistcoreAltruist partnered with Bryn Mawr Trust Advisors, a subsidiary of WSFS Financial Corporation, as its new custodial platform. Bryn Mawr Trust Advisors chose Altruist for its modern infrastructure and onboarding capabilities to support scalable client and advisor services.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
WSFS Bank competitors and assessment
Company assessmentDirect peers
- Customers Bancorp: West Reading, PA-based commercial-focused bank with comparable size and Philadelphia-area presence, offering similar small business, commercial lending, and digital banking products targeting regional business clients.
- Tompkins Financial Corporation: Ithaca, NY-based bank holding company with comparable asset scale and similar multi-state Mid-Atlantic/Northeast regional footprint, offering consumer, commercial, and wealth management services analogous to WSFS.
- Fulton Financial Corporation: Lancaster, PA-based regional bank holding company with similar asset scale ($25B+), comparable Mid-Atlantic footprint, and overlapping consumer, commercial, and wealth management offerings, making it one of the most direct comparisons to WSFS.
- Republic First Bancorp: Philadelphia-based community bank with overlapping Philadelphia-area branches and similar consumer/commercial banking focus, providing a closer-in geography comparable despite smaller scale.
- S&T Bancorp: Indiana, PA-based regional bank holding company with similar asset base, community banking focus, commercial lending, and wealth management businesses serving Pennsylvania markets comparable to WSFS's footprint.
- Univest Corporation of Pennsylvania: Souderton, PA-based bank holding company operating in similar Mid-Atlantic markets with overlapping consumer banking, commercial lending, and wealth management services at comparable scale.
Broad incumbents
- M&T Bank Corporation: Buffalo, NY-based regional bank holding company with substantially larger asset base but overlapping Mid-Atlantic commercial, consumer, and wealth management businesses, representing a key incumbent competitor in shared markets.
- PNC Financial Services: Pittsburgh-based national bank with major Philadelphia/Delaware presence, offering commercial banking, treasury management, and wealth services that overlap with WSFS's commercial and institutional offerings at much greater scale.
- Truist Financial Corporation: Charlotte, NC-based super-regional bank created from BB&T/SunTrust merger, with significant Mid-Atlantic commercial banking presence and competing directly with WSFS in regional commercial and SBA lending markets.
- First Citizens BancShares: Raleigh, NC-based bank with growing Mid-Atlantic and commercial banking presence through Silicon Valley Bank acquisition, competing with WSFS in commercial lending, SBA, and specialty finance segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
WSFS Bank social profiles
Digital presenceWSFS Bank compliance and trust
Trust signalCompliance1 record
WSFS Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
WSFS Bank leadership team
Management profileNumber of profiles
Profiles8 records
WSFS Bank subsidiaries and ownership
Company hierarchySubsidiaries5 records
WSFS Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WSFS Bank M&A and investment
M&A and investmentM&A7 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WSFS Bank
What does WSFS Bank do?
WSFS Bank operates a full-service regional banking franchise providing personal checking, savings, mortgages, and consumer lending; small business and commercial deposit, lending, SBA, treasury management, and capital markets services; wealth and private banking through the Bryn Mawr Trust division; and institutional and corporate trust, SPV management, and global capital markets services. The bank serves customers through 80+ physical offices, a large regional ATM network, and digital banking platforms spanning online and mobile channels.
Is WSFS Bank a public or private company?
WSFS Bank is a public company. It is classified as public and is currently operating.
When was WSFS Bank founded?
WSFS Bank was founded in 1832. It employs 1,001 to 5,000 people.
Where is WSFS Bank based?
WSFS Bank is headquartered in Wilmington, United States, in the North America region.
How does WSFS Bank make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee Revenue, wealth Management and institutional Services.
Who are WSFS Bank's main competitors?
Direct peers on record are Customers Bancorp, Tompkins Financial Corporation, Fulton Financial Corporation, Republic First Bancorp, S&T Bancorp and Univest Corporation of Pennsylvania. Broad incumbents are M&T Bank Corporation, PNC Financial Services, Truist Financial Corporation and First Citizens BancShares.
Does WSFS Bank have an API?
No public API is recorded for WSFS Bank.
What industry is WSFS Bank in?
WSFS Bank's product category is Regional Banking. Its primary akta.pro industry code is FSABACAM, Consumer & Retail (CPG, Food, Apparel), with a secondary code of FSABADAB, High-Net-Worth (HNW) Private Banking. Its NAICS code is 52218 and its SIC code is 6035.