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Share Name | Share Symbol | Market | Type |
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WSFS Financial Corporation | NASDAQ:WSFS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 44.73 | 43.86 | 45.60 | 0 | 01:00:00 |
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the first quarter by the WSFS CARES Foundation board, will support the following organizations:
“The mission of the WSFS CARES Foundation is to support nonprofits that are invested in improving communities and fostering a spirit of inclusion and diversity,” said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Foundation. “We’re proud to support each of these great organizations, which share our focus on investing in and strengthening their communities through revitalization, business economic empowerment, education, leadership development and affordable housing.”
“Delaware Prosperity Partnership is grateful to the WSFS CARES Foundation for investing in our efforts to attract, grow and retain businesses throughout Delaware,” said Kurt Foreman, DPP President and CEO. “This grant will help support DPP’s Global Advisors Program, which furthers our efforts to promote Delaware as a first-choice location for foreign direct investment by European, Asian and other international companies seeking to expand to the United States. WSFS was one of our founding investors, and we thank them for their continued investment in DPP. With such support, we are able to maintain our momentum and impact on Delaware’s economy as we work to advance prosperity for all those living and working in Delaware.”
“The WSFS CARES Foundation is providing a 2024 grant to the Distance Learning Center's STEMMPREP Project, a longitudinal developmental paradigm, which utilizes a multi-institutional mentorship approach that rotates underrepresented minority participants through a 10-summer basic science lab internship ‘continuum’ at research universities in the U.S. and Canada,” said Dr. Moses Williams, Executive Director and Founder, The Distance Learning Center. “The WSFS grant will support economically disadvantaged high school trainees who cannot afford to cover the cost of attendance to the summer lab internship.”
“The FinServ Foundation, for the past four years, has made monumental strides in exposing, educating and empowering the next generation to seek careers in the financial services industry,” said Dr. David Rhoiney, Board Member, FinServ Foundation. “The foundation's board is all volunteers who believe in changing the industry for good. That altruism is reflected in the organization's mission, and as a result, the FinServ Foundation has shown itself to be a bright spot in an industry which is ever evolving. We are excited to partner with the WSFS CARES Foundation to support local schools like Delaware State University and future professionals in the PA, NJ and DE area.”
“We are grateful for the generous grant from the WSFS CARES Foundation and the impact it will have across our region,” said Bernel Hall, President and CEO of New Jersey Community Capital. “This investment will help NJCC continue to foster an equitable path to building wealth that will strengthen neighborhoods in traditionally underserved communities.”
“The Wilmington Land Bank is proud to join forces with WSFS Bank in the transformative revitalization of the Lower Hilltop neighborhood,” said Rick Gessner, Board President, Wilmington Land Bank. “This once-neglected community has experienced significant investment in the past two years, and with the generous support of WSFS, we will continue this important work. Over the next three years, our collaboration will assist in the rehabilitation of 10 units for affordable homeownership and the strategic acquisition of 18 privately-owned properties. We are grateful to WSFS for their investment in the revitalization of this Wilmington, Delaware community.”
About the WSFS CARES Foundation The WSFS CARES Foundation brings WSFS’ mission of We Stand for Service® to life across the communities we serve. The mission of the WSFS CARES Foundation is to support qualified nonprofit service organizations within our regional footprint that are invested in improving communities, fostering a spirit of inclusion and diversity, and whose focus aligns with the WSFS CARES Foundation’s transformational vision. For more information, please visit https://www.wsfsbank.com/about/community/the-wsfs-cares-foundation/.
About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of December 31, 2023, WSFS Financial Corporation had $20.6 billion in assets on its balance sheet and $84.3 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (40), New Jersey (14), Florida (1), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240327793964/en/
Kyle Babcock (215) 864-1795 kbabcock@wsfsbank.com
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