0000946275-11-000482.txt : 20111212 0000946275-11-000482.hdr.sgml : 20111212 20111212091753 ACCESSION NUMBER: 0000946275-11-000482 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111212 ITEM INFORMATION: Other Events FILED AS OF DATE: 20111212 DATE AS OF CHANGE: 20111212 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: 111255085 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_121211-0312.htm FORM 8-K f8k_121211-0312.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


 
December 12, 2011
  
 
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


 
 
 

WSFS FINANCIAL CORPORATION

INFORMATION TO BE INCLUDED IN REPORT

Section 8 – Other Events

Item 8.01                      Other Events.

On November 18, 2011, a purported class action (“Joy v. Wilmington Savings Fund Society, FSB” (WSFS Bank, a subsidiary of WSFS Financial Corporation) Case N. N11C-11-185 JRJ) was filed in the Delaware Superior Court for New Castle County.  The Complaint challenges WSFS Bank’s practices relating to its assessment and collection of overdraft fees on checking accounts.  Damages are sought for the statute of limitations period applicable to the claims made in the suit, and include restitution of overdraft fees paid to the Company, actual damages allegedly sustained by customers, punitive damages, and attorney’s fees.  This case is nearly identical to numerous other lawsuits that have been brought by a small handful of class action litigators.  The Company has discovered more than 120 other overdraft suits that recently have been brought against US banks.

The Company strongly believes that its overdraft practices are fair to its customers and comply fully with all applicable laws and regulations.  The Company believes this suit is without merit and intends to vigorously defend the pending action.
 

 









 
 
 

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 12, 2011
  
 
 
By:
 
 
/s/ Stephen A. Fowle
     
Stephen A. Fowle
Executive Vice President and Chief Financial Officer