CASH CONNECT ACQUIRES ATM VAULT CASH PORTFOLIO FROM CSSI

FOR IMMEDIATE RELEASE Contact: John Clatworthy
Date: August 6, 2007 (302) 283 - 4104

Wilmington, Del. – Cash Connect, the ATM Division of WSFS Bank, announces that it has completed the acquisition of the ATM vault cash portfolio owned by Creative Strategic Solutions Inc. (“CSSI”), a subsidiary of Benjamin Franklin Bank.

Cash Connect, acquired the ATM Vault Cash contracts for approximately 1,700 ATMs from CSSI. Benjamin Franklin Bank will continue to supply the $35 to $40 million in vault cash required to fund these ATMs, while Cash Connect will be responsible for all of the day to day ATM cash funding and management.

Tom Stevenson, President of Cash Connect said, “This is an acquisition that really makes sense for both parties. CSSI had a reputation for providing high service levels to the industry, and we pride ourselves in doing the same. We feel that this is a win-win deal for both our organizations and our customers.”

Claire Bean, CFO of Benjamin Franklin Bank commented “It was important to us that we were able to transition our clients to an organization that shares our commitment to service. Operational control and proficiency were also major considerations, since we will continue to provide our cash. We met all of our goals by partnering with Cash Connect, an organization dedicated to delivering both excellent service levels and strong controls over the cash.”

Cash Connect has experienced significant growth since its inception in 1998, and currently supplies over $225 million in vault cash to almost 10,000 ATMs across the nation. Mark Turner, President and CEO of WSFS, said, “Cash Connect’s continued strong growth in ATM vault cash management has made a significant contribution to the success of WSFS Bank.”

WSFS Financial Corporation is a $3.0 billion financial services company. Its principal subsidiary, Wilmington Savings Fund Society, FSB, operated 30 retail banking offices in all three counties in Delaware, as well as Chester and Delaware Counties in Pennsylvania, providing full banking services under the WSFS Bank brand, and wealth management and personal trust services under Wilmington Advisors, a division of WSFS Bank. Other operating subsidiaries include WSFS Investment Group, Inc., Montchanin Capital Management, Inc. and WSFS Reit, Inc. WSFS, celebrating its 175th anniversary, is one of the ten oldest banks continuously operating under the same name in the United States. For more information, please visit the Bank’s website at www.wsfsbank.com.

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Statements contained in this news release, which are not historical facts, are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. The Corporation does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Corporation.

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