M&A Deal Summary

WSFS Financial Acquires Bryn Mawr

On March 10, 2021, WSFS Financial acquired financial services company Bryn Mawr for 976M USD

Acquisition Highlights
  • This is WSFS Financial’s 7th transaction in the Financial Services sector.
  • This is WSFS Financial’s largest (disclosed) transaction.
  • This is WSFS Financial’s 7th transaction in the United States.
  • This is WSFS Financial’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-03-10
Target Bryn Mawr
Sector Financial Services
Buyer(s) WSFS Financial
Deal Type Add-on Acquisition
Deal Value 976M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Squire Patton Boggs (Legal)

Target

Bryn Mawr

Bryn Mawr, Pennsylvania, United States
Bryn Mawr is a regional provider of financial services for individuals, families, businesses, and organizations. The company operates 41 banking locations, 7 wealth management offices, and 2 insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. Bryn Mawr Bank was founded in 1889 and is based in Bryn Mawr, Pennsylvania.

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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 7 of 7
Sector (Financial Services) 7 of 7
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 4 of 4
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Wsfs Financial - Five Bank Branches

United States

Wsfs Financial Corp. - Five Bank Branches is a financial services company located in Bordentown, Browns Mills, Chesterfield, Deptford, and Sicklerville.

Sell -
Mergr

Product

Company

Legal