WILMINGTON, Del., Sept. 29, 2016 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, today announced that WSFS Bank was named a 2016 Bank & Thrift “Sm-All Star” by Sandler O’Neill + Partners.
The 27 top performing publicly traded small-cap banks and thrifts throughout the United States comprise the class of 2016. Sandler O’Neill + Partners, an investment banking firm and broker-dealer focused on the financial services sector, evaluated more than 400 publicly traded banks and thrifts with a market capitalization below $2.5 billion to identify the 27 small-cap depository institutions. The companies that were recognized outperformed their peers in five key metrics: earnings-per-share growth, loan growth, deposit growth, return on average equity and ratio of nonperforming assets to total loans.
“We are humbled and honored to be among this elite group of our country’s finest banking institutions,” said Dominic C. Canuso, Executive Vice President, Chief Financial Officer. “Being a community bank dedicated to growth, innovation, talent development and best practices is what drives us every day and what positions us to stay focused on our mission of service to our Customers, Associates, Community and Owners.”
About Sandler O’Neill + Partners
Sandler O'Neill is a full-service investment banking firm to the financial industry. The firm is a market-maker in hundreds of financial stocks and publishes equity and fixed income research focused on selected banks, thrifts and insurance companies. Additional information can be found on their website at www.sandleroneill.com.
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally-managed bank and trust company headquartered in Delaware and the Delaware Valley. As of June 30, 2016, WSFS Financial Corporation had $5.8 billion in assets on its balance sheet and $13.4 billion in fiduciary assets. As of August 15, 2016, WSFS operates from 76 offices located in Delaware (45), Pennsylvania (29), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Wealth Investments, Cypress Capital Management, LLC, Powdermill Financial Solutions, LLC, Cash Connect®, WSFS Mortgage and Arrow Land Transfer. Serving the 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 wsfsbank.com.