-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OtewkNpz7L63F68ICNXOm6kKDZuDzeK1z8TWxFX/OPIRoJu56dQrQHLs3iVL4gkD GjqyNrXB8Nw7pevVZaqgVw== 0000946275-10-000371.txt : 20100726 0000946275-10-000371.hdr.sgml : 20100726 20100726090142 ACCESSION NUMBER: 0000946275-10-000371 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100723 ITEM INFORMATION: Other Events FILED AS OF DATE: 20100726 DATE AS OF CHANGE: 20100726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WSFS FINANCIAL CORP CENTRAL INDEX KEY: 0000828944 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 222866913 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16668 FILM NUMBER: 10968492 BUSINESS ADDRESS: STREET 1: 838 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3027926000 MAIL ADDRESS: STREET 1: 838 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: STAR STATES CORP DATE OF NAME CHANGE: 19920703 8-K 1 f8k_072310-0312.htm FORM 8-K f8k_072310-0312.htm
UNITED STATES
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


 
July 23, 2010
  
 
Date of Report
(Date of earliest event reported)
  

WSFS Financial Corporation
(Exact name of registrant as specified in its charter)


Delaware
  
0-16668
  
22-2866913
(State or other jurisdiction
of incorporation)
  
(SEC Commission
File Number)
  
(IRS Employer
Identification Number)

500 Delaware Avenue, Wilmington, Delaware
  
19801
  
(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)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨
Written communications pursuant to Rule 425 under the Securities Act
¨           Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
¨           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act


 
 
 

INFORMATION TO BE INCLUDED IN THE REPORT

Section 8 – Other Events

Item 8.01                      Other Events.

On July 23, 2010, the Registrant was advised that it would recover all of its funds that were involved in the previously reported incident of alleged fraud and theft by an executive of a New York armored car company.

As previously disclosed, on February 9, 2010, the Registrant was advised that an executive of an armored car company based in Mount Vernon, New York, was arrested and charged with fraud and theft in connection with an ATM vault cash program.  This same armored car company also served as an armored carrier for several customers of Cash Connect, a division of the Registrant’s subsidiary, Wilmington Savings Fund Society, FSB (“WSFS Bank”), that also provides ATM vault cash services.  In its March 31, 2010 Form 10-Q, the Registrant reported a loss of $4.5 million related to funds not immediately recoverable by Cash Connect.
 
 
Recent events have allowed management to conclude that recovery of the loss is probable and expects that proceeds will be received in early August and therefore a full recovery will be recorded in the third quarter of 2010.


 








 
 
 

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, hereunto duly authorized.


   
WSFS FINANCIAL CORPORATION
 
 
Date: July 26, 2010
  
 
 
By:
 
 
/s/ Stephen A. Fowle
     
Stephen A. Fowle
Executive Vice President and Chief Financial Officer

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