Clark Nevada Stock Option Plan of WSFS Financial Corporation

Name: Clark Nevada Stock Option Plan of WSFS Financial Corporation
Brand: US Legal Forms
Rating: 4.59 (487 reviews)

Category:

Corporations - Public - Stock Options

State:

Multi-State

County:

Clark

Control #:

US-CC-18-352B

Format:

Instant download

Description

18-352B 18-352B . . . Stock Option Plan under which committee appointed by Board of Directors can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stand-alone or Tandem Stock Appreciation Rights, and (d) Phantom Stock (which entitles recipient to receive in cash when share vests, an amount equal to sum of (x) fair market value of a share of stock on date when such share of Phantom Stock vests and (y) aggregate amount of cash dividends paid with respect to a share of stock during period between date share of Phantom Stock was granted and date on which such share vests). Committee has broad discretion at time of making Phantom Stock awards to impose conditions that must be satisfied in order for Phantom Stock to become vested

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FAQ

WSFS' acquisition of Beneficial was completed in March 2019 growing the bank to 152 locations in the market with $12.2 billion in assets. WSFS rebranded or consolidated all former Beneficial Bank locations to WSFS Bank on August 26, 2019.

WSFS and Beneficial announced that WSFS would acquire Beneficial, with the deal expected to close in early 2019. The deal ultimately closed March 1, 2019. Beneficial offices as well as some WSFS offices were consolidated and/or rebranded under the WSFS name on August 26.

The $976.4 million Bryn Mawr acquisition deal will grow WSFS' assets by about 25% and its wealth management assets by more than 40%, totaling post-merger nearly $20 billion and $43 billion, respectively, as of Dec.

WSFS Financial Corporation on Feb. 28 announced that it has full approval to acquire Beneficial Bancorp, Inc. WSFS Bank and Beneficial Bank will merge as a result of the $1.5 billion deal. WSFS expects to complete the transaction on Friday, March 1.

Additionally, the WSFS Bank brand was introduced in New Jersey in August 2019 when former Beneficial Bank branches were rebranded as WSFS Bank.

The integration of WSFS Wealth and Bryn Mawr Trust Wealth Management groups will take place throughout 2022. Both banks' Customers, however, have immediate and free access to the combined WSFS and Bryn Mawr Trust ATM network of more than 600 ATMs. The new board members bring a wealth of knowledge and experience.

Beneficial is now officially part of the WSFS Bank family. We can be reached at 302-792-3446 weekdays 7am 7pm and weekends 9am 3pm. WSFS Online and Mobile Banking are now available.

As of March 31, 2022, WSFS Financial Corporation had $21.0 billion in assets on its balance sheet and $58.1 billion in assets under management and administration.

Beneficial Corporation IndustryConsumer financeFounded1914 as Beneficial Loan SocietyFatePurchased by Household International, Inc.

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WSFS Financial Corporation is a savings and loan holding company. Complete history of Mr Clark stock trades at WSFS ; 24 Nov 2020, WSFS WSFS Financial Corp.Stephen P Clark. EVP. With me on this call are Rodger Levenson, Chairman, President and CEO; Art Bacci, Chief Wealth. Find the latest WSFS Financial Corporation (WSFS) stock quote, history, news and other vital information to help you with your stock trading and investing. Gospel Recording Artist Win Thompkins Launches a New Soul Music Project. WSFS Financial Corporation. Program: Bank of America Asset Guarantee; Disbursed: 0.0. 5th largest depository MSA in the U.S.. • Over 2. 5x the market share of the next largest local community bank.

• WSFS Financial Corporation guarantees up to 10% of the loans of the company. • WSFS Financial Corporation's asset-guarantee program is an option for lenders, not a requirement. • WSFS Financial Corporation provides customers with a secure, low-cost way to obtain mortgage insurance. • WSFS Financial Corporation currently guarantees loans underwriting standards established by Bank of America, a member of the BAC. • WSFS Financial Corporation is currently approved to issue up to 1.25 billion of non-guaranteed residential mortgage-backed securities (RMBS) which are securities backed by collateral, backed by an asset such as land, housing, or a business, or guaranteed by the government of the United States. WSFS Financial Corporation's Mortgage Insurance Division has a comprehensive risk management approach including a variety of proprietary products based on risk factors, such as underwriting standards, credit history, and current economic conditions.

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Clark Nevada Stock Option Plan of WSFS Financial Corporation

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