WSFS Bank and Beneficial Bank Announce Historic Combination

On August 8, 2018, WSFS Bank and Beneficial Bank announced a historic combination of our two institutions to create the largest, premier, locally-headquartered community bank for the Greater Delaware Valley.

WSFS Bank and Beneficial Bank share similar histories, missions, heritages and footprints. WSFS Bank was founded as Wilmington Savings Fund Society in Wilmington, Delaware in 1832, for working citizens to encourage thrift and to safeguard their savings. Beneficial was founded in 1853 in Philadelphia, Pennsylvania, as Beneficial Savings Fund Society to provide a safe and secure place for immigrants to deposit their savings. Both banks offer retail, commercial and mortgage products and each provide specialized solutions that will round out the combined bank’s full service product offering.

Please continue to visit this site for more information about how we are making history together. You can also read our joint press release announcing this news here.