Small business owners and decision makers are optimistic about the economic outlook for the year ahead, with 60% expecting a slight or significant increase in revenue, according to a new survey conducted by WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS). The survey polled 597 small business decision makers to gauge their…
Tax season is a prime opportunity for cybercriminals to steal your information and money. From phishing emails to fraudulent tax preparers, the threats are numerous. Here are seven proactive steps to help you protect your finances: 1. Verify Communications The IRS never initiates contact via email, text, or social media. Contact is only made via…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to four organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the fourth quarter by the WSFS CARES Foundation board, will support the following organizations: Community Education Building ($285,000…
The dream of homeownership is a milestone many consumers strive for. The house hunting and mortgage process can also be daunting – particularly in recent years with elevated interest rates and bidding wars – emphasizing the importance of patience and having a strong plan in place. Senora’s journey to homeownership began with attending a NeighborGood…
Cash or card? It’s a common question many of us encounter when we reach the checkout line at the grocery store and other retailers, but which method really is the best option? It depends. With technology continuing to advance, more options like mobile payments and even services like buy-now-pay-later (BNPL) for online shopping enter the…
Small businesses are the backbone of our local communities but can face challenges when it comes to financial stability. Accessing and managing affordable funding, finding ways to invest in growth, and building and maintaining strong credit profiles are just a few hurdles small business owners encounter. With the right strategies in place, however, businesses can…
The end of one year and start of another can be an excellent time to evaluate your personal security and take proactive steps to protect yourself from fraud. With technology rapidly advancing and fraudsters developing increasingly sophisticated tactics, including leveraging artificial intelligence (AI), consumers must stay vigilant. Here’s how you can perform a privacy checkup…
The end of one year and beginning of another is an opportunity for a fresh start, including for your finances. After a year filled with economic headwinds, many consumers are taking action, including the 33% in the region who are cutting back on non-essential spending, according to a WSFS Bank Money Trends Survey. Here are…
Whether you’re hunting for the perfect gift or indulging in some retail therapy this holiday season, it’s crucial to keep your guard up and finances secure. Consumers lost more than $10 billion to fraud in 2023, according to the Federal Trade Commission (FTC), underscoring the importance of taking steps to protect your wallet. Here are…
The housing market remains tight, presenting challenges for many aspiring homebuyers who have been sidelined in recent years. While the Federal Reserve has started decreasing interest rates, mortgage rates tend to be tied more closely to U.S. Treasury bonds. However, there are steps you can take now to prepare yourself for when you find your…
As the year draws to a close, small businesses face the crucial task of year-end planning. Now is an ideal time to evaluate your company’s financial health, refine your business’ strategies, and set the stage for a successful year ahead. Here are ways small businesses can strengthen their foundation heading into 2025. Perform a Full…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the third quarter by the WSFS CARES Foundation board, will support: Pathways to Success ($160,000 Grant to be…
It’s hard to believe, but the holiday season is just around the corner. Rising costs and inflation remained the top driver of increased spending by regional residents in 2024 (69%), according to a WSFS Bank Money Trends survey. In a year filled with continued economic pressures, it is vital to get an early start and…
The long-anticipated decision by the Federal Reserve to cut interest rates arrived in September, bringing with it some much anticipated relief for both businesses and consumers. The Fed’s focus on lowering rates between now and this time next year should quickly improve liquidity, confidence, and optimism for businesses, which helps move the markets and commerce….
WSFS Bank announced the launch of its annual Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking offices in Delaware, New Jersey and Pennsylvania will serve as deposit centers for nonperishable donations from WSFS Associates, Customers and Community members through December 31, 2024. WSFS officially kicked off the Food…
The economy has certainly presented quite a few challenges for consumers in recent years, as prices for everyday items increased substantially and interest rates rose higher than they had been in more than a decade. Thirty-eight percent of regional residents said they are spending more money now compared to last year, while only 28% are…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor…
With interest rates expected to decline over the remainder of 2024, many potential homebuyers who have found themselves sidelined by elevated rates and prices in recent months could be ready to re-enter the market. Lower interest rates can make the dream of homeownership more affordable for consumers, but it is important to have a plan…
Thirty-eight percent of regional residents are spending more money now compared to last year, while only 28% are saving more, according to a Money Trends survey from WSFS Bank. Inflation Cools, But Economic Headwinds Remain Rising costs and inflation remained the top driver of increased spending by far in 2024 (69%), followed by having to…
Cybersecurity Awareness Month is celebrated each October and serves as an important reminder of precautions consumers should take to protect themselves from scams. Consumers reported losses of more than $10 billion as a result of fraud in 2023, according to the Federal Trade Commission (FTC), underscoring the importance of taking steps to protect your information…
They say a picture is worth a thousand words. But could it be worth $1,000? That’s what fraudsters want their unsuspecting victims to believe when they target them with tactics known as a “muse scam.” Here are tips on how these scams work and ways to protect yourself. How it Works Initial Contact: With muse…
Purchasing a home is one of life’s most important financial decisions. If you’re a homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a realtor and…
For many professionals, the thought of starting and operating their own small business can bring with it both excitement and anxiety as they navigate the process of structuring, building and funding the business. One of just many options for consideration: franchising. As a franchisee, you’re granted rights to operate the business using the branding, products and…
A sea of smiling faces, filled with anticipation and excitement. Hundreds of local students will kick off the school year in style thanks to the Philadelphia Union’s annual Backpack Carnival, presented by WSFS Bank, in collaboration with CityTeam Chester. The event, held on August 18 at Subaru Park and the WSFS Bank Sportsplex, provided students…
Interest rates have continued to impact many aspects of consumers’ lives in recent years. After record-low rates early in the pandemic gave way to mortgage rates higher than they had been for more than a decade, many homebuyers and sellers have been left on the sidelines. Homeowners who were able to lock in their rate during…
Many consumers and businesses alike have heard the old saying, “the check is in the mail.” And yes, sometimes it’s true the check is in the mail, so you find yourself waiting. But sometimes the check never finds its destination due to an ever increasing trend of mail theft. According to the Association of Finance Professionals’ (AFP) 2024…
As the lazy days of summer fade and the excitement of a new school year approaches, so does the inevitable back-to-school shopping spree. With inflation still impacting our wallets, it’s essential to be mindful of your spending while ensuring your child has everything they need for a successful school year. Fortunately, this annual ritual also presents…
It’s hard to believe the beginning of the school year is already almost here. Starting college or heading back to campus for another year is an exciting time for many young adults, but it also comes with responsibilities as their financial journey truly gets underway. Here are some practical tips to help you manage your finances effectively…
Running a small business requires owners to make many daily decisions, including how to handle payments. Checks have long been a staple in business transactions due to their familiarity and straightforwardness, however, the evolving financial landscape presents alternative payment methods that can be more efficient and secure. Here are tips to streamline and secure your…
In 2023, consumers lost more than $10 billion to fraud, with $1.8 billion attributed to bank transfer or payment fraud, according to the Federal Trade Commission (FTC). Imposter scams were the leading type of fraud, with scammers contacting victims via social media resulting in $1.4 billion in reported losses. These eye-catching numbers highlight the importance…
In 2021, Eddie Reis purchased NaBrasa Brazilian Steakhouse in Horsham, Pennsylvania. It’s there that his partnership with Tomas Zozaya started. Zozaya, who had been working at NaBrasa for over a decade, served as the General Manager of the restaurant before stepping into the role of Director. Together, the two have fine-tuned the Horsham location and,…
Succession planning is a critical aspect of business strategy, yet many business owners often overlook it. It involves creating a plan for someone to either own or run your business after you retire, in the event you become incapacitated or pass away. Here are some tips to help you create an effective succession plan for…
With the first half of 2024 in the rearview mirror already, now is a great time to revisit and fine tune your finances for the remainder of the year. Inflation and elevated interest rates have continued to have an impact on many consumers’ finances this year, but there are steps you can take to help strengthen…
The thought of owning a second home down the shore, in the mountains or at another favorite hideaway can be a goal and dream for many consumers. While rising costs for homes and elevated interest rates have made it more difficult for many aspiring homebuyers to find the right house in their desired location, there…
According to a new research study, ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year and ninety percent of those companies received one successful attack. With new scams popping up regularly, it’s critical that business owners and decision makers take proactive steps to protect themselves and their…
Homeownership is often a key financial goal and moment for many consumers. In recent years, with bidding wars, rising prices and interest rates, however, that goal can often feel like just a dream. The journey toward achieving that dream for Dana F. began more than two years ago, but with the help of WSFS Mortgage,…
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the second quarter by the WSFS CARES Foundation board, will support the following organizations: Be Ready Community Development Corp….
If you feel like the first half of 2024 has flown by, you’re probably not alone. As we reach the mid-point of the year, it is always a good idea for any business to perform a checkup so they can pivot as needed to be successful in the future. Business owners – small and large – should…
Seaford, Delaware has a rich history dating back to the late 1800s, thriving on shipbuilding and agriculture. However, with the advent of nylon by the DuPont Corporation in the 1930s, the community underwent a significant transformation, quickly earning the title of “Nylon Capital of the World.” This was thanks to the proximity of the DuPont nylon…
Purchasing a home is one of life’s most important financial decisions. If you’re a first-time homebuyer, WSFS is here to help with the information and resources you need so you can make your next move with confidence. Join us for our upcoming events for a comprehensive step-by-step review of the homebuying process, from choosing a…
For the third consecutive year, WSFS has been named a 2024 honoree of the Civic 50 Greater Philadelphia. The annual award is bestowed by the Chamber of Commerce for Greater Philadelphia in partnership with globally recognized nonprofit Points of Light, lead partner the Philadelphia Foundation, and other local partners. The honor speaks to how ingrained…
Vacation season is heating up with the weather. With rising costs still impacting many consumers’ finances it is crucial to put a plan in place before traveling to ensure you stay on budget and have a relaxing vacation. Here are tips to help you plan a vacation that won’t break the bank. Know Your Price…
June is National Homeownership Month, emphasizing the importance of making the dream of homeownership attainable. Many potential homebuyers have been sidelined in recent months, however, due to elevated interest rates and rising home prices. While the Prime Rate has increased borrowing costs for lending products like credit cards, mortgage interest rates are more heavily influenced by…
On June 12, 2024, nearly 1,500 WSFS Associates volunteered at more than 130 community organizations across the region as part of WSFS’ second annual We Stand for Service Day. The Company-wide day of giving back through volunteerism saw approximately 1,500 Associates band together to volunteer more than 5,000 hours and make an impact at organizations…
As the busy summer travel season gets underway, many of us are planning travel abroad. Whether it’s a European getaway, an Asian adventure, or a South American excursion, it is helpful to understand the foreign currency and common payment methods accepted at your destination. From fluctuating exchange rates to unfamiliar payment methods, managing your finances…
The excitement of an upcoming vacation can quickly turn into dread if you’re a victim to vacation scams targeting unsuspecting travelers. With the rise of online booking platforms and social media, scammers have been quick to capitalize on the opportunity to steal travelers’ money and personal information. Here is a guide to help safeguard against…
