The change of the calendar brings with it new beginnings while also providing an opportunity to evaluate your finances and build your plan for the future. A recent WSFS Bank Money Trends study found that 54% of Greater Philadelphia and Delaware region consumers are concerned about their personal finances, reflecting the increased importance of budgeting during…
Thousands of consumers fall victim to fraud daily. From phishing schemes to imposters pretending to be your bank, there are no shortage of scams, and you need to remain vigilant in order to protect yourself, your information and your bank accounts. Here are some tips and details on common scams to help protect yourself. Check Fraud Check fraud,…
According to a new WSFS Bank Money Trends study, nearly half (49%) of Americans cite wanting financial stability as the reason why they are saving more now versus earlier in the pandemic and about 42% of Greater Philadelphia and Delaware residents agreed. However, inflation’s impact on prices and the overall economy has many of them…
Since its founding in 2014 as a first of its kind public-private partnership, Delaware College Scholars (DCS) has grown to support hundreds of high-achieving public school students from low-income families as Delaware’s only tuition-free residential college preparatory and persistence program. “Unlike other educational programs, DCS is a 7-year program with a 3-year residential component,” said Dr….
The holiday season is a time of giving, but for many, it can also be the time when they need the most help. Many people spend weeks and months looking forward to the quality time with family and friends that the holidays bring, but it is important to also remember those less fortunate and look for…
We first started HLI Rail and Rigging and Mars Transformers in the tri-state area, moving turbines, generators, large portions of bridges, and even buildings by ocean, barge, rail, and large and small trucks. If something heavy needs to be moved, we are the team to do it. Since then, we have scaled our business and…
With the year ending, many of us begin thinking about what we want to accomplish next year and in the long term. For some it is committing to a healthier diet, getting more exercise, spending more time with family, going on more adventures or saving more in the future. There are simple strategies to think about…
Having solid cash management practices is one of the most essential processes in any company. Without a set of smart strategies for monitoring, assessing and improving the company’s financials, it can quite simply find itself out of business. Sound cash management strategies keep your business in the green by helping to: Identify opportunities to reduce operating costs…
The holiday season is a time of giving and enjoying the company of friends and loved ones. That giving can often bring with it a steep price tag, however, and lead to even the most solid of financial roadmaps hitting a few speedbumps. Holiday spending is expected to increase 5% year-over-year with the average consumer projected…
With the holidays fast approaching, consumers are understandably concerned about the impacts of inflation, supply chain issues, and recommendations from retail experts to shop even earlier than normal. Add in the fact that four in 10 (42%) of Greater Philadelphia and Delaware region consumers are saving more now than they were earlier in the pandemic because…
After working at another bank as Head Teller for a few years, Alexis Santoleri decided it was time to make a change and was drawn to WSFS by its culture. “The atmosphere was different than my previous job, and everyone I came across at WSFS seemed to love their job and enjoyed helping others in their…
Having a go-to person in life is always a plus. In this fast-paced world we live in, where interactions happen via online chats or through automated voice recordings, it is still important to forge personal relationships. While many banks offer personal service, there are also others who act as dedicated, hands on concierge bankers. If…
Has another year really gone by? Seems impossible. For many of us, life is busy, advancing our careers, raising children, moving, and traveling just to name a few things. Still, it is important to stay financially focused, and the last quarter of the year is a great time to revisit your finances and build a…
As he approached retirement after 30 years with the U.S. Department of Alcohol, Tobacco and Firearms (ATF), Greg Wright was looking ahead to how he would transition careers with two daughters in college. “I have a close friend who is also a franchise broker who helps entrepreneurs connect with franchise brands and lenders,” says Greg. “He…
Reaching financial milestones, such as buying your first home or saving for retirement, can often seem like a daunting task. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that 58% of Millennials and Gen Z consumers are optimistic that they’ll achieve their financial goals one day, but many still felt some common…
The past year-plus has been a perfect storm for a volatile housing market. Interest rates dropped and stayed low, prices rose, and inventory became scarce, shutting many would-be homebuyers out of the housing boom. However, as we start seeing home prices stabilize and inventory increase in some areas, it may be a good time to jump…
Credit and loans can be helpful tools on your financial journey, but ones that require you to proceed with caution. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that 78% of respondents said they weren’t good at maintaining good credit. U.S. consumer debt reached a record of $14.88 trillion in 2020, according to…
Two decades ago, José Fernandez was working as a handyman for a local company in Delaware with his eyes toward the future after working with a local contractor. “I decided to pursue real estate and transitioned to working as a realtor,” said José. “But then the economy and housing market crashed.” Leaning on his construction experience, skills…
After nine years working in retail sales at a department store, Jennifer Rossi decided it was time to make a change in order to continue her professional growth, but wanted to find a role where she could still do what she loved most: help Customers. “I stayed in my previous job for so long because…
It’s no secret that the COVID-19 pandemic forced a surge in technology adoption across numerous industries. However, despite the availability of technology-driven forms of payment such as credit cards, P2P, and mobile wallets, a recent nationwide study by Cash Connect and One Poll revealed that out of 1,500 people surveyed, 40% prefer to use cash…
October is Cybersecurity Awareness Month, which serves as a great opportunity to brush up on common scams and how to protect yourself. Scammers work around the clock to find new ways to defraud innocent consumers, and thousands fall victim to scams each day. With the right knowledge and a bit of vigilance, you can help protect yourself…
These days, consumers are not short on options for their borrowing needs. Whether remodeling a home, buying a boat, consolidating debt, paying for a wedding or simply looking to establish and build your credit history, there are loan products designed for various uses and with terms that can help fit many budgets. While determining which loans…
When it comes to saving for retirement, many of us are already familiar with the primary investment savings vehicles offered to us, the individual retirement account (IRA) and the employer-sponsored retirement account, such as the 401(k) and 403(b). However, if you are fortunate enough to work for a company that allows it, you may be…
Branching out on your own is an exciting life stage for many young adults, but one that carries with it a great deal of responsibility, particularly as it relates to finances. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that when it comes to financial literacy, 61% of respondents agreed that most…
Economies evolve over time. From big oil to electricity to the internet, inventions and new technologies transform the world as we know it. Naturally, during these transformations, companies within certain industries experience tremendous growth. From this growth, they become the top market capitalized stocks in the stock market. Market experts argue over the length of this…
When it comes to credit for a small business, loans are typically the first options that come to mind. Small business loans are great options for infusing capital into a small business or to finance a property purchase, equipment or other operating needs. For daily operating expenses, a small business credit card can provide great value for…
Whether you are an entrepreneur at the helm of a startup or a seasoned small business owner looking to expand, the importance of good business credit cannot be understated. From equipment finance to real estate loans and credit lines for operating expenses, at some point your business will most likely need to borrow money from a business lender….
After working as a general contractor for about a decade, Leah Perez decided it was time to make a career change. “I knew that if I wanted to start a family and build our future that I needed something that wasn’t so hard physically and that offered benefits,” said Perez. “WSFS was across the street from…
Whether it’s a compromised business email, ransomware, accounts payable fraud, mail theft, or an investment scam, we’ve all heard of, experienced or know someone who has fallen victim to one of these fraud trends. Even as technology companies and financial sectors work together to develop innovative ways to protect accounts and businesses, hackers are working…
Over the past 18 months, home values throughout the Greater Philadelphia and Delaware region—and the country—have increased drastically. Fueled by still-low interest rates and the desire for living arrangements with more space has led to homeowners and first-time homebuyers alike searching at a feverish pace to acquire the house of their dreams. As a result of these…
A tough economy led Matthew Sellers to a job in banking, but the culture at WSFS and the opportunity to help Customers inspired him to turn that job into a career that has spanned 12 years with the Bank. “I was working as an office manager in the land surveying industry, but in 2009 the economy…
Amid the pandemic, many commercial real estate projects were forced to hit pause due to government shutdowns, supply chain issues and other unforeseen circumstances. In a bustling city like Philadelphia, where multi-family housing and commercial space is in demand and development timelines are often tight, delays in these types of projects can be detrimental to…
Having worked in retail management and commissioned sales roles for more than 20 years, Jennabeth Dalton had never thought about a career in banking until a WSFS Associate she had previously worked with recommended she give it consideration. “I had heard of WSFS because my parents banked at the Blue Hen Mall banking office when I…
Jim Wechsler, Senior Vice President and Chief Retail Lending Officer at WSFS Bank, joined the Upstart Leaders in Lending Podcast to discuss the benefits of partnerships between banks and FinTechs, the value of focusing on Customer experience, Delivery Transformation, and more.
From early in her career, Krystin Martin knew what she wanted to do for a living: help people. “Prior to joining WSFS, I worked a front desk job helping Customers each day, which is where I learned that Customer service was something I wanted to do for my career,” said Martin, a Contact Center Manager at…
Your teenage years can be formative in many ways, including learning key lessons about money and finances to help build the foundation for success later in life. A study from WSFS Bank of 2,005 Americans between ages 18-40 found that many felt they were on their own when it came to learning about finances. Parents topped the…
Having been a business owner for 40 years, I know that making the decision to change vendors, after years of partnership, can be daunting. Now, apply that to switching a banking relationship, and the decision becomes harder. A proven track record and solid customer relationships are a driving factor in the success of our Pennsauken-based…
For franchisees, getting their business off the ground is one of the, if not the greatest challenge of their careers. From meeting the franchisor’s scale and experience requirements to securing financing, the journey to becoming a franchisee is often a long and winding road. But what are franchisees to do when they’ve met the challenge, started…
The WRK Group in Wilmington brings together a collection of three nonprofits – The Warehouse, REACH Riverside, and Kingswood Community Center (KCC) – working in unison to make a major impact on the city. “Our three nonprofits work collectively to help empower the most impoverished neighborhood in Wilmington, where 70% of our children live in poverty,…
Summer is unfortunately winding down, which for students and their parents means it is back to school season. After a few months out of the classroom – or in some cases a full year with remote learning as a result of the pandemic – it is time to get your children prepared for not only a…
These days, many Americans find themselves with a surplus of cash in their checking accounts due to reduced expenses, stimulus payments and more. While keeping money in checking accounts is much safer than stashing cash around the house, there is another great way to save your extra cash – a money market account – safely with access as…
Last year, many Americans stockpiled cash to prepare for the uncertainty of the COVID-19 pandemic. So much so, the personal savings rate for Americans reached record levels. The U.S Bureau of Economic Analysis (BEA) reported that the savings rate for Americans was up to 33% in April 2020, the highest ever reported by the BEA.[1]…
With record low interest rates and an eagerness among Americans to buy homes with more space as they adjusted to the COVID-19 pandemic’s impacts on daily life, the U.S. housing market has experienced a boom over the past year that we have not seen in quite some time. Unfortunately, when supply and demand tilts as heavily…
The right finance partner can make a huge difference in the structure, operations, and growth of your company. This relationship can be the difference between growing your business and remaining stagnant; winning new business and losing potential customers to a competitor; or even loyal employees leaving and high turnover rates. So why do so many…
When it comes to money management, the COVID-19 pandemic changed people’s habits and budgets in varying ways. From stimulus checks and expanded unemployment benefits to reduced commuting expenses, many people experienced some degree of shifting in how they accumulated, spent and saved money. For those who’ve consistently found that they have extra money after taking care…
Having worked in the finance and technology industries for nearly 25 years, Corynn Ciber is no stranger to breaking barriers. In two industries that women have been underrepresented in, she has blazed her own trail, leading to her role as Senior Vice President and Chief Digital Officer at WSFS Bank. Her advice for others looking to…
Whether onsite or working remotely, WSFS’ class of 130 interns have been putting classroom lessons into practice to make an impact across the Bank’s regional footprint this summer. “From retail banking and consumer lending to information technology, our dedicated interns have lived our mantra of ‘We Stand for Service,’” said Dionndra Rooks, Talent Acquisition Partner at WSFS Bank….
Over the past year, we’ve seen a rapid acceleration of consumers using mobile banking and digital payment options to keep track of their expenses, send and receive money from family and friends, make purchases at local businesses and more. While the initial surge came due to COVID-19 pandemic lockdowns and ensuing restrictions, the use of mobile…
[1] To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes. Mobile carrier fees may apply.
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