On August 3, 2016, WSFS Financial Corporation entered into an agreement to purchase the assets of Wilmington, Delaware-based Powdermill Financial Solutions LLC.
Powdermill Financial Solutions LLC (“Powerdermill”) will become a subsidiary of WSFS Financial Corporation (“WSFS”) under the terms of the transaction and employees of Powdermill will also become WSFS associates.
WSFS had approximately $5.8 billion in assets on its balance sheet as of June 30, 2016. It provides independent solutions to high net worth individuals, families and corporate executives.
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