WSFS Financial to Buy Array Financial, No Terms Disclosed

WSFS Financial Corporation WSFS today announced that WSFS Bank, its wholly owned subsidiary, has entered into a definitive agreement to purchase the assets and operations of Array Financial Group, Inc. (Array Financial), a mortgage banking company, and a related entity, Arrow Land Transfer Company (Arrow), an abstract and title company, both headquartered in nearby Haverford, Pennsylvania by means of an asset purchase transaction expected to close on July 31, 2013.