8-K

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

December 3, 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 REPORT

Section 5 – Corporate Governance and Management

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective December 3, 2010, WSFS Financial Corporation (the “Registrant”) appointed Mr. Zissimos A. Frangopoulos, former President and Chief Executive Officer of Christiana Bank & Trust Company (“CBT”), to the Board of Directors of the Registrant in accordance with the Stock Purchase Agreement entered into with National Penn Bancshares, Inc. (the “Seller”) pursuant to which the Registrant acquired all of the issued and outstanding shares of CBT, a Delaware banking corporation and wholly owned subsidiary of the Seller, on December 3, 2010.  Mr. Frangopoulos was appointed to serve as a director for an initial term expiring at the 2013 annual meeting of stockholders of the Registrant, and until his successor is elected and qualified. Mr. Fra ngopoulos has not been appointed to any Board committees.

Section 8 – Other Events

Item 8.01 Other Events.

On December 6, 2010, the Registrant issued a press release announcing the completion of the acquisition of CBT, a copy of which is filed as Exhibit 99 hereto and is incorporated by reference herein.

Section 9 – Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits

(d) Exhibits:

99           Press Release December 6, 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: December 6, 2010	By:	/s/ Stephen A. Fowle
		Stephen A. Fowle Executive Vice President and Chief Financial Officer

EX-99

PRESS RELEASE	Contact: Stephanie A. Heist
December 6, 2010	(302) 571-5259 sheist@wsfsbank.com

WSFS ACQUIRES CHRISTIANA BANK & TRUST FROM

NATIONAL PENN BANCSHARES, INC.

ACQUISITION AND CONVERSION COMPLETE

WILMINGTON, Del. – WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, today announced that  it has completed the previously announced acquisition of Christiana Bank & Trust Company (Christiana) from National Penn Bancshares, Inc (NASDAQ: NPBC). In addition, all Christiana banking customers have been successfully converted to WSFS Bank’s platform.

WSFS expects to acquire approximately $161 million in deposits, approximately $112 million in performing loans and approximately $7 billion in trust assets under management or administration.  The purchase excluded all classified loans, non-performing loans and OREO as of May 31, 2010.

“WSFS is proud to welcome our new Clients and Associates to the WSFS Bank family,” said Mark A. Turner, President and Chief Executive Officer of WSFS Bank.  “Christiana’s national reputation in the trust business and its banking presence in the attractive Greenville, Delaware market will diversify and add to our status as Delaware’s oldest, full-service bank and trust company headquartered in Delaware, and provide even greater financial value to all our Customers and shareholders.”

As previously announced, the two Christiana branches located on King Street in Wilmington, Delaware and Kennett Pike in Greenville, Delaware have been consolidated into nearby WSFS banking office locations.  Christiana Trust’s Nevada location will remain open as will the Greenville office for Christiana Trust and WSFS Private Banking operations.

In addition, Zissimos A. Frangopoulos, former President and Chief Executive Officer of Christiana Bank & Trust Company, has been appointed to the WSFS Board of Directors effective December 3, 2010.

WSFS ACQUIRES CHRISTIANA BANK & TRUST/PAGE 2

About WSFS Financial Corporation

WSFS Financial Corporation is a $3.8 billion 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. Other subsidiaries or divisions include WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect, a leading provider of ATM vault cash in North America. Serving the Delaware Valley since 1832, WSFS is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www .wsfsbank.com.

Forward-looking statements:

Statements contained in this news release which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which are based on various assumptions (some of which may be beyond the Company’s control) are subject to risks and uncertainties and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those related to the economic environment, particularly in the market areas in which the Company operates; the volatility of the financial and securities markets, including changes with respect to the market value of our financial assets; changes in government regulation affecting financial institutions and potential expenses associated therewith; changes resulting from our participation in the CPP including additional conditions that may be imposed in the future on participating companies; and the costs associated with resolving any problem loans and other risks and uncertainties, discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

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