WILMINGTON, DE — WSFS Financial Corporation, the parent company of WSFS Bank, has announced the repayment of $70 million in fixed-to-floating rate subordinated notes due 2027. The repayment, which utilized the company’s operating cash flows, marks a strategic shift in managing its financial obligations.
This move aligns with WSFS’ ongoing efforts to optimize its balance sheet by reducing liabilities with higher funding costs. By leveraging its strong capital and liquidity position, WSFS has further strengthened its financial foundation while enhancing its ability to manage future growth and investment opportunities.
The decision to retire the subordinated notes reflects WSFS’ broader commitment to maintaining a disciplined approach to debt management and prioritizing shareholder value. Repaying liabilities ahead of schedule underscores the company’s focus on maintaining financial flexibility in a dynamic economic environment.
WSFS continues to position itself as a regional leader by focusing on operational efficiency and sound fiscal management, ensuring long-term stability for its stakeholders.
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