WSFS Bank

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.

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

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

• Retail banking services
• Commercial banking
• Wealth management
• Mortgage lending
• Institutional trust services

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial loans, mortgages, and consumer lending. Core of banking revenue model.
2. Fee Revenue: Fee income from deposit accounts, wealth management services, institutional services. Grew 11% year-over-year to $90.1 million in Q1 2026.
3. 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.
4. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Philadelphia UnionflagshipGTM or Marketing Partner · 9 June 2026Naming 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.
• AltruistcoreTechnology or Integration · 13 November 2025Altruist 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

Direct 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

• Xx.com/wsfs
• YouTubewsfsbank.com/speed-bump
• Facebookfacebook.com/wsfsbank
• LinkedInlinkedin.com/company/wsfs-bank
• Instagramwsfsbank.com/speed-bump

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WSFS Bank