Travis Texas Stock Option Plan of WSFS Financial Corporation offers employees the opportunity to purchase company stock at a predetermined price within a specified timeframe. This plan is designed to incentivize and reward employees for their contributions to the corporation's success while fostering a sense of ownership and alignment with the company's goals. This stock option plan serves as a strategic tool for WSFS Financial Corporation, motivating employees to work towards the achievement of both individual and organizational objectives. By providing employees with the ability to buy company shares at a predetermined price, typically lower than the market value, this plan offers a potential financial benefit to participants. The Travis Texas Stock Option Plan may have various types tailored to meet the diverse needs and goals of employees within WSFS Financial Corporation. Some of these variations might include: 1. Non-Qualified Stock Options (SOS): SOS are typically granted to all employees and do not qualify for special tax treatment. These options offer flexibility as they can be granted at any exercise price. 2. Incentive Stock Options (SOS): SOS are intended for key employees and provide tax advantages compared to SOS. However, specific requirements must be met to qualify for these beneficial tax treatments. 3. Restricted Stock Units (RSS): RSS involve the grant of actual company shares to employees, either immediately or over a vesting period. RSS provide employees with the potential to share in the company's growth and success. 4. Performance-Based Stock Options: These stock options are granted based on the achievement of certain predetermined performance goals by the employee or the company as a whole. They incentivize employees to perform at their best and align their efforts with the corporation's strategic objectives. The Travis Texas Stock Option Plan of WSFS Financial Corporation aims to attract, retain, and motivate talented individuals, encouraging them to contribute to the overall growth and success of the organization. It serves as a valuable component of the corporation's comprehensive compensation and benefits package, fostering a culture of excellence, innovation, and long-term commitment among its workforce.
Travis Texas Stock Option Plan of WSFS Financial Corporation
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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.
WSFS common stock is traded on the NASDAQ stock exchange. To purchase stock, contact your broker or contact WSFS Wealth Investments at (302) 504-9857.
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.
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 officially stands for Wilmington Savings Fund Society; founded in 1832.
Beneficial Corporation IndustryConsumer financeFounded1914 as Beneficial Loan SocietyFatePurchased by Household International, Inc.
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.
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.
WILMINGTON WSFS Bank announced Monday that its merger with Bryn Mawr Bank Corp., the parent company of Bryn Mawr Trust based northwest of Philadelphia, has received its final approvals.
Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley.