SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                Date of Report (Date of earliest event reported)
                                November 25, 2002





                           WSFS Financial Corporation
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



       Delaware                          0-16668           22-2866913
----------------------------        -----------------   ---------------
(State or other jurisdiction          (SEC File No.)    (IRS Employer
     of incorporation)                                  Identification
                                                            Number)


838 Market Street, Wilmington, Delaware                19899
----------------------------------------              --------
(Address of principal executive offices)             (Zip Code)



Registrant's telephone number, including area code: (302)792-6000
                                                    -------------


                                 Not Applicable
        ----------------------------------------------------------------
          (Former name or former address, if changed since last Report)






                           WSFS FINANCIAL CORPORATION

                      INFORMATION TO BE INCLUDED IN REPORT

Item 5.  Other Events
---------------------

         On  November  25,   2002,   the   Registrant   announced  it  had  sold
substantially  all of its  reverse  mortgage  loans to an  affiliate  of  Lehman
Brothers, the global investment bank, for approximately $136 million,  primarily
in cash, after costs and expenses.

         For  further  details,  reference  is made to the Press  Release  dated
November  25,  2002,  which is  attached  hereto as Exhibit 99 and  incorporated
herein by this reference.


Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits
--------------------------------------------------------------

Exhibit 99 -- Press Release dated November 25, 2002.
----------





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                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                             WSFS FINANCIAL CORPORATION


Date: November 26, 2002                      By:/s/Mark A. Turner
     ------------------                         -------------------------
                                                Mark A. Turner
                                                Chief Operating Officer
                                                Chief Financial Officer




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