WSFS Finances Wilmington Organic Recycling Center

WILMINGTON, Del., May 11 /PRNewswire-FirstCall/ -- WSFS Financial Corporation
(Nasdaq/GS: WSFS), the parent company of WSFS Bank, today announced that it is
the primary debt lender for the new Wilmington Organic Recycling Center (WORC)
being constructed and managed by Peninsula Compost Company, LLC. The WORC
will be the largest, state-of-the-art food and yard waste composting facility
on the East Coast. On May 5, 2009, the WORC broke ground on the new facility
that is expected to open in December 2009.

This 28-acre facility will process up to 160,000 tons of food and waste from
state, federal and municipal institutions, schools and universities,
supermarkets, importers, restaurants and convenience stores, landscapers and
contractors and convert it into high value compost and organic soil products.
It will reduce the amount of waste currently placed in landfills including the
Cherry Island Landfill located nearby the new facility. In addition, 15 new
jobs will be added.

"WSFS is proud to help finance this initiative that is not only good for the
environment, but good for the development of the south Wilmington community as
well," said Rodger Levenson, Executive Vice President, Director of Commercial
Banking.

About WSFS Financial Corporation
WSFS Financial Corporation is a $3.4 billion financial services company. Its
primary subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank), operates
35 retail banking offices located in Delaware and Pennsylvania, as well as
three loan production offices in Dover, Delaware; Blue Bell, Pennsylvania and
Annandale, Virginia. WSFS Bank provides comprehensive financial services
including personal trust and wealth management. Other subsidiaries include
WSFS Investment Group, Inc., Montchanin Capital Management, Inc. and 1st
Reverse Financial Services, LLC. Founded in 1832, WSFS is one of the ten
oldest banks in the United States continuously operating under the same name.
For more information, please visit the Bank's website at www.wsfsbank.com.

SOURCE WSFS Financial Corporation

Stephanie A. Heist, +1-302-571-5259, sheist@wsfsbank.com