WSFS Acquires Christiana Bank & Trust From National Penn Bancshares

WSFS Financial Corporation WSFS today announced that it has completed the previously announced acquisition of Christiana Bank & Trust Company from National Penn Bancshares, Inc NPBC. In addition, all Christiana banking customers have been successfully converted to WSFS Bank's platform. WSFS acquired 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.