Key Developments For WSFS Financial Corp
WSFS Financial Corp (WSFS.O) (Nasdaq)
WSFS Financial Corporation Declares Quarterly Dividend
WSFS Financial Corporation announced that its Board of Directors approved a quarterly cash dividend of $0.12 per share. This dividend will be paid on November 27, 2009, to shareholders of record as of November 6, 2009.
WSFS Financial Corporation Announces Resignation Of Marvin N. Schoenhals As Chairman-Form 8-K
WSFS Financial Corporation reported in its Form 8-K that on September 29, 2009, Mr. Marvin N. Schoenhals, Chairman of the Board of Directors of the Registrant, will retire as a full-time employee of the Registrant, effective November 1, 2009. Mr. Schoenhals will continue to be Chairman of the Board of Directors of the Registrant but will become a non-employee director, effective as of November 1, 2009.
WSFS Financial Corporation Completes $25 Million Common Equity Raise
WSFS Financial Corporation announced that it has completed its previously announced Stock Purchase Agreement to sell both 862,069 shares of common stock and a warrant to purchase 129,310 shares to Peninsula Investment Partners, L.P. (Peninsula) for $25 million in cash. Peninsula paid a purchase price of $29.00 per share in cash. The warrant is immediately exercisable for ten years from the date of issuance at an exercise price of $29.00 per share. At the time the agreement was entered into on July 27, 2009, WSFS stock was trading at $27.16 per share. Prior to the agreement, Peninsula owned 610,000 shares or 9.9% of WSFS' outstanding common stock. After the sale, Peninsula now owns 1,472,069 shares, or 20.9% of WSFS' outstanding common stock.
WSFS Financial Corporation Maintains $0.12 Quarterly Dividend; Announces Agreement To Raise $25 Million In Common Equity
WSFS Financial Corporation announced that the Board of Directors approved a quarterly cash dividend of $0.12 per share. This dividend will be paid on August 28, 2009, to shareholders of record as of August 7, 2009. The Company also announced that it has entered into a Stock Purchase Agreement to sell 862,069 shares of common stock and to issue a warrant to purchase 129,310 shares to Peninsula Investment Partners, L.P. (Peninsula) for $25 million in cash ($29.00 per share excluding the value of the warrant). The warrant has an exercise price of $29 per share and a term of 10 years. Peninsula currently owns 610,000 shares or 9.85% of Company's outstanding common stock. After the sale, Peninsula will own 1,472,069 shares or 20.87% of the Company's outstanding common stock. Following the completion of the stock sale, the Company will appoint Mr. R. Ted Weschler to the Board of Directors of the Company.
WSFS Financial Corporation Opens New Banking Office In Ocean View and Sixth Office In Sussex County
WSFS Financial Corporation announced the opening of a new banking office located at 69 Atlantic Avenue in Ocean View, Delaware.
