M&A Deal Summary

WSFS Financial Acquires Alliance Bancorp

On September 9, 2015, WSFS Financial acquired financial services company Alliance Bancorp

Acquisition Highlights
  • This is WSFS Financial’s 4th transaction in the Financial Services sector.
  • This is WSFS Financial’s 4th transaction in the United States.
  • This is WSFS Financial’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-09-09
Target Alliance Bancorp
Sector Financial Services
Buyer(s) WSFS Financial
Deal Type Add-on Acquisition

Target

Alliance Bancorp

Broomall, Pennsylvania, United States
Alliance Bancorp, Inc. of Pennsylvania (Alliance Bancorp) is a community bank headquartered in Broomall, PA. As of June 30, 2015, Alliance had approximately $340 million in deposits and $415 million in total assets, which includes $310 million in commercial, small business and consumer loans.

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Buyer(S) 1

Buyer

WSFS Financial

Wilmington, Delaware, United States
Category Company
Founded 1832
Sector Financial Services
Employees2,241
Revenue 1.0B USD (2023)
DESCRIPTION

WSFS Financial is a financial services company. Its primary subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank), operates 42 banking offices located in Delaware (35), Pennsylvania (5), Virginia (1) and Nevada (1). WSFS Bank provides comprehensive financial services including commercial banking, retail banking and trust and wealth management through its Christiana Trust division. WSFS Financial was founded in 1832 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 4 of 7
Sector (Financial Services) 4 of 7
Type (Add-on Acquisition) 2 of 4
State (Pennsylvania) 1 of 4
Country (United States) 4 of 7
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 The First National Bank Of Wyoming

Wyoming, Delaware, United States

The First National Bank Of Wyoming is a provider of personal and commercial banking services. The bank was founded in 1909 and is based in Wyoming, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Penn Liberty Financial

Wayne, Pennsylvania, United States

Penn Liberty is a bank holding company for Penn Liberty Bank had approximately $638 million in deposits and $720 million in total assets, which includes $504 million in commercial, small business and consumer loans.

Buy -
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