WILMINGTON, Del., Sept. 23, 2010 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that William M. Byrne has joined WSFS as Senior Vice President of Commercial Banking.

William M. Byrne, Senior Vice President of WSFS Commercial Banking

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8047

Mr. Byrne joins WSFS with 25 years of commercial lending and leadership experience. Previously he worked for Harleysville National Bank as Senior Vice President, Manager of Commercial Lending, and prior to that, Mr. Byrne was at Mellon Bank, N.A. in a similar capacity.

In his new role, Mr. Byrne will oversee commercial banking activities in Pennsylvania. He will be located in the new WSFS office in West Chester, Pennsylvania expected to open later this fall.

"We are thrilled that Bill has joined WSFS and has hit the ground running to expand our banking relationships to businesses throughout the Delaware Valley," said Rodger Levenson, Executive Vice President and Director of Commercial Banking. "With our world-class service, lending power and local decision making, we are confident that Bill and his team will further our commitment and growth in the Pennsylvania market."

Mr. Byrne graduated Cum Laude with a Bachelor of Science in Accounting from Temple University. He currently serves on the Board of Directors of the Chester County Chamber of Business and Industry and is a Risk Management Association member.

WSFS currently has four offices in Pennsylvania including Glen Mills, Longwood, Oxford and Blue Bell, and offices coming soon in West Chester and Edgmont. Of the 350 WSFS ATMs, more than 30 are located in Pennsylvania providing greater convenience and access for WSFS customers.

About WSFS Financial Corporation

WSFS Financial Corporation is a $3.8 billion financial services company. Its primary subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank), operates 40 banking offices located in Delaware (35), Pennsylvania (4) and Virginia (1). WSFS Bank provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries include WSFS Investment Group, Inc. and Montchanin Capital Management, Inc. Serving the Delaware Valley since 1832, WSFS 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.

The photo is also available via AP PhotoExpress.

CONTACT:  WSFS Financial Corporation
          Stephanie A. Heist
          (302) 571-5259
          sheist@wsfsbank.com