WSFS Financial Appoints Owen Mathews to Drive Strategic Growth Initiatives

Strategic Appointment Enhances WSFS Financial's Growth Prospects

WSFS Financial Corporation announces the appointment of Owen Mathews as Senior Vice President and Corporate Development Officer, a strategic move aimed at bolstering the company's growth initiatives. Taking on this role, Mathews will report directly to Arthur Bacci, Executive Vice President and Chief Operating Officer. His primary focus will be on driving growth through mergers and acquisitions, as well as fostering strategic partnerships and joint ventures. This appointment underscores WSFS's commitment to strategic growth and talent development, especially given Mathews' extensive background with the company, which spans nearly 18 years.

Before this new role, Mathews served as Senior Vice President and Investment Portfolio Manager, acquiring valuable experience in commercial banking and corporate treasury functions. His comprehensive understanding of the financial landscape and operational expertise positions him well to navigate the complexities of corporate development in a competitive market. Bacci emphasizes that Mathews' proven track record will be instrumental in identifying and seizing opportunities that align with WSFS’s growth strategy. This underscores the company's proactive approach to expanding its market presence and enhancing its service offerings.

As of September 30, 2024, WSFS Financial Corporation reports $20.9 billion in assets and $87.2 billion in assets under management and administration. The company operates 114 offices across Pennsylvania, Delaware, New Jersey, Florida, Nevada, and Virginia, providing a diverse array of financial services, including commercial and consumer banking, treasury management, and wealth management. With a legacy dating back to 1832, WSFS Bank not only holds the title of the oldest and largest locally headquartered bank in the Greater Philadelphia and Delaware region but is also recognized as one of the ten oldest banks in the United States still operating under its original name.

The appointment of Mathews signals a forward-looking strategy for WSFS Financial, particularly as the financial services industry continues to evolve. By leveraging his expertise in corporate development and strategic partnerships, the company positions itself to better navigate future opportunities, ultimately enhancing its growth trajectory. This development aligns with WSFS's overarching goal of solidifying its presence in the financial sector while continuing to offer a wide range of innovative services to its clients. For more information, visit www.wsfsbank.com.