WSFS WSFS Financial Corporation

WSFS Bank Accepting Nonperishable Food Donations at Banking Locations for Fall Food Drive

WSFS Bank Accepting Nonperishable Food Donations at Banking Locations for Fall Food Drive

WILMINGTON, Del., Nov. 02, 2020 (GLOBE NEWSWIRE) -- As the holiday season approaches, WSFS Bank is encouraging its Associates, Customers and Communities to search their hearts, and their pantries, to donate nonperishable food items to provide meals to the food-insecure. WSFS banking locations in the state of Delaware; Philadelphia, Bucks, Chester and Montgomery counties in Pennsylvania; and Camden and Burlington counties in New Jersey will be designated as convenient Community food deposit centers as part of the Bank’s annual Fall/Winter Food Drive.

The pandemic has exacerbated the need for food for many, with more than 54 million people estimated to be food insecure in 2020, according to Feeding America. The nationwide trend is no less concerning in our region, where the 2020 projected food insecurity rate in Delaware (17.8%) exceeds the nationwide projection (16.7%), with Pennsylvania (15.9%) and New Jersey (13.5%) not far behind.

Now, through December 11 in Pennsylvania and New Jersey, and through December 31 in Delaware, WSFS will collect nonperishable food items and donate them to organizations fighting hunger in Communities the Bank serves, including:

  • Rolling Harvest Food Rescue (Bucks, Montgomery and Philadelphia counties, Pa.)
  • Chester County Food Bank (Chester County, Pa.)
  • Sunday Breakfast Mission (Del.)
  • Burlington Township Food Pantry (Burlington and Camden counties, NJ)

“The pandemic has only increased the need for relief assistance in the region and our nonprofits are struggling to keep pace,” said Vernita L. Dorsey, Senior Vice President, Director of Community Strategy at WSFS Bank. “We welcome everyone from across our footprint to participate in the effort to stop hunger and to end food insecurity in our neighborhoods.”

“The need is great, so the collection of nonperishable food from WSFS Bank is critical,” said Rev. Tom Laymon, Sr. Pastor, President, Sunday Breakfast Mission. “More than 2,000 families throughout Delaware will have a fruitful Thanksgiving and holiday season because of this great food drive.”

“WSFS Bank has emerged as a true partner for healthy food access and hunger relief in this challenging age of COVID-19,” said Cathy Snyder, Founder and Executive Director, Rolling Harvest Food Rescue. “We are so honored to be serving with them to collect all of this great food for our neighbors in need, especially leading up to the holidays.”  

The 2020 Fall Food Drive is WSFS’ 17th annual collection. In 2019, WSFS donated nearly 66,000 pounds of food to those in need thanks to the generosity of its Associates, Customers and Communities. Customers and area residents are encouraged to take their nonperishable food donations to participating WSFS banking offices. To find the nearest WSFS Bank location, please visit .

The WSFS Community Foundation previously provided $300,000 in grants to 21 local nonprofits engaged in the fight against COVID-19. WSFS Bank provided a $200,000 donation to four community development financial institutions (CDFIs) to utilize for relief grants to help accelerate recovery efforts of local small businesses within the Bank’s footprint. In addition, WSFS Bank and the WSFS Community Foundation pledged $35,500 to provide hundreds of technology devices to area students for online learning.

About WSFS Financial Corporation

WSFS Financial Corporation is a multi-billion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the greater Philadelphia region. As of September 30, 2020, WSFS Financial Corporation had $13.8 billion in assets on its balance sheet and $23.1 billion in assets under management and administration. WSFS operates from 115 offices, 90 of which are banking offices, located in Pennsylvania (54), Delaware (43), New Jersey (16), 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 Arrow Land Transfer, Cash Connect®, Cypress Capital Management, LLC, Christiana Trust Company of Delaware, NewLane Finance, Powdermill Financial Solutions, West Capital Management, WSFS Institutional Services®, WSFS Mortgage, and WSFS Wealth Investments. Serving the greater 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 .

Media Contact: Kyle Babcock

215-864-1795

EN
02/11/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on WSFS Financial Corporation

 PRESS RELEASE

WSFS Announces First Quarter Call of $30 Million Legacy Bryn Mawr Trus...

WSFS Announces First Quarter Call of $30 Million Legacy Bryn Mawr Trust Subordinated Debt WILMINGTON, Del., Dec. 19, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, today announces that on February 15, 2023, it will call the $30 million of fixed-to-floating rate subordinated notes due 2025 (the 2025 Notes) acquired from Bryn Mawr Trust. The 2025 Notes will be repaid using operating cash flows of the Company. “We are pleased to announce our planned payoff of the 2025 Notes during the first quarter of 2023,” said Dominic C. Canuso, WSFS'...

 PRESS RELEASE

WSFS CARES Foundation Provides Fourth Quarter Grants to Community Orga...

WSFS CARES Foundation Provides Fourth Quarter Grants to Community Organizations in Delaware and New Jersey WILMINGTON, Del., Dec. 12, 2022 (GLOBE NEWSWIRE) -- The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to two community organizations located in Delaware and New Jersey 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: Food Bank of Delaware ($50,000)The Food Bank...

 PRESS RELEASE

WSFS Bank Ranked #1 Among SBA Lenders in Greater Philadelphia and Dela...

WSFS Bank Ranked #1 Among SBA Lenders in Greater Philadelphia and Delaware Based on the Amount of Local SBA 7(a) Loans WILMINGTON, Del., Dec. 08, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce it has been ranked first among U.S. Small Business Administration (SBA) lenders in the Greater Philadelphia and Delaware region based on the amount of local SBA 7(a) loans. The rankings are based on lender activity in Berks, Bucks, Chester, Delaware, Lancaster, Lehigh, Montgomery and Philadelphia counties in Pennsylva...

 PRESS RELEASE

Small Businesses Feeling the Impacts of the Economy and Inflation, But...

Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds Seven in 10 feel they are well positioned to borrow, with equipment financing being their top need. WILMINGTON, Del., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new WSFS Bank Small Business Trends study found. The study, which surveyed 500 Mid-Atlantic small businesses,...

 PRESS RELEASE

WSFS Names Steven J. Cunningham, Senior Vice President, Director of SB...

WSFS Names Steven J. Cunningham, Senior Vice President, Director of SBA Sales WILMINGTON, Del., Nov. 15, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that Steven J. Cunningham has been named Senior Vice President, Director of Small Business Administration (SBA) Sales, reporting to Candice Caruso, Senior Vice President, Chief Retail Lending Officer. In his new role, Cunningham will be responsible for the strategy, profitability and growth of the SBA Sales team, which originates loans with SBA and other gove...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch