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KBRA Affirms Ratings for WSFS Financial Corporation Following its Announcement to Combine with .
WSFS Financial CorporationMarch 11, 2021 GMT
WILMINGTON, Del., March 11, 2021 (GLOBE NEWSWIRE) Kroll Bond Rating Agency (KBRA) affirmed the ratings of WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) following the March 10, 2021 announcement to combine with Bryn Mawr Bank Corporation (NASDAQ: BMTC) (“Bryn Mawr”). Upon the close of the transaction, Bryn Mawr Trust, the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. With a “Stable Outlook” for WSFS, KBRA said it considers the transaction to be “strategically sound given that it represents a scale play for both companies, particularly in light of the recent focus on technology investment and integration. The combined organization will have the largest deposit market share wit
AUDIT COMMITTEE CHARTER WSFS Financial Corporation (the Company or holding company ), the holding company of Wilmington Savings Fund Society, FSB ( WSFS Bank ), has created a Committee of the Board of Directors of the Company (the Board ) to be known as the AUDIT COMMITTEE (the Committee ) with its purpose, membership, term of membership, meetings, and duties and responsibilities as follows: PURPOSE The primary objective of the Committee will be to assist the Board in fulfilling its fiduciary responsibilities relating to internal control over financial reporting, disclosure controls and procedures, and other internal controls of the Company, WSFS Bank, and all related subsidiaries. In addition, the Committee will:
The mortgage foreclosure world continues to experience change at a moment's notice. Lenders continue to defend against borrower actions seeking to discharge their mortgages as.
Independence Realty Trust Appoints Lisa Washington to Board of Directors
Independence Realty Trust Appoints Lisa Washington to Board of Directors Independence Realty Trust, Inc. (NYSE: IRT) (IRT) announced today the appointment of Lisa Washington as an independent director to IRTs Board of Directors, effective January 5, 2021. The appointment increases the size of the Board from six to seven directors. Lisa brings to IRT her expertise as an accomplished legal executive and corporate officer, said Scott Schaeffer, IRTs Chairman and CEO. Lisa has more than 25 years of experience in corporate governance and public company compliance. She will add a valuable perspective to our company and be an important contributor as IRT continues to grow and deliver value for our stakeholders.