Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Apr. 19, 10:13 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #36. WSFS Financial Corporation — First Wyoming Financial Corporation
Acquirer:
WSFS Financial Corporation (NASDAQ:WSFS)
Acquiree:
First Wyoming Financial Corporation
Details:
WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that it has signed a definitive agreement to merge with First Wyoming Financial Corporation (Private; DE). Following the merger, The First National Bank of Wyoming (FNB of Wyoming), the wholly owned subsidiary of First Wyoming Financial Corporation, will be merged with WSFS Bank. Headquartered in Wyoming, Delaware, FNB of Wyoming opened in 1909 as an independent, locally-managed community bank serving central Delawareans with personal and business banking services. FNB of Wyoming reported approximately $307.7 million in assets and $249.7 million in deposits as of September 30, 2013 and serves its customers from six branch locations.
WSFS Financial is a savings and loan holding company. Through its subsidiaries, Co. provides residential and commercial mortgage, commercial and consumer lending services, as well as retail deposit and cash management services. Co.'s main banking business is commercial lending. Co. has three segments: Wilmington Savings Fund Society, FSB, which is primarily engaged in commercial relationships and retail and customer-generated deposits; Cash Connect®, which is a provider of ATM vault cash, smart safe and other cash logistics services; and Wealth Management, which provides a range of planning and advisory services, investment management, trust services, and credit and deposit products.
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Avg. Broker Rec.
 
|
Buy (3.20 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: WSFS Stock Forecast Based on Zacks ABR data; powered by Xignite |
