M&A Deal Summary

WSFS Financial Acquires Christiana Bank & Trust

On December 3, 2010, WSFS Financial acquired financial services company Christiana Bank & Trust from National Penn Bancshares for 35M USD

Acquisition Highlights
  • This is WSFS Financial’s 2nd transaction in the Financial Services sector.
  • This is WSFS Financial’s 2nd largest (disclosed) transaction.
  • This is WSFS Financial’s 2nd transaction in the United States.
  • This is WSFS Financial’s 2nd transaction in Delaware.

M&A Deal Summary
Date 2010-12-03
Target Christiana Bank & Trust
Sector Financial Services
Buyer(s) WSFS Financial
Sellers(s) National Penn Bancshares
Deal Type Divestiture
Deal Value 35M USD

Target

Christiana Bank & Trust

Greenville, Delaware, United States
Christiana Bank & Trust Co. offers commercial and retail banking services.

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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 2 of 7
Sector (Financial Services) 2 of 7
Type (Divestiture) 2 of 2
State (Delaware) 2 of 3
Country (United States) 2 of 7
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Sun National Bank - Delaware Branch Network

Delaware, United States

Sun National Bank - Delaware Branch Network comprises six Sun National Bank's Delaware branches provides personal and business banking, custody, investment management, and trust services for residents and non-residents.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

National Penn Bancshares

Allentown, Pennsylvania, United States
Category Company
Founded 1874
Sector Financial Services
Employees1,600
Revenue 380M USD (2014)
DESCRIPTION

National Penn Bancshares, Inc. is a bank holding company. National Penn has 124 community banking offices provides financial services.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
State (Delaware) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-04 Christiana Bank & Trust

Greenville, Delaware, United States

Christiana Bank & Trust Co. offers commercial and retail banking services.

Buy $65M
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