Shilpa Kumar Joins WSFS as Senior Vice President, Head of Corporate Finance

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WILMINGTON, Delaware, April 05, 2022 (GLOBE NEWSWIRE) — WSFS Bank, the principal subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced Shilpa Kumar as senior vice president, chief financial officer of company, reporting to Dominic C. Canuso, CFA, Executive Vice President and Chief Financial Officer. In his new role, Kumar will lead consolidated business planning and analysis, investor relations, business unit profitability, investment decisions and financial aspects of corporate development.

“We are delighted to have Shilpa join WSFS, bringing her strong and extensive background in finance,” Canuso said. “Shilpa is a versatile and highly accomplished senior finance professional with an exceptional record in all facets of end-to-end financial management, including experience in strategic planning, analysis and implementation in institutions community and global finance. We are thrilled to have her join the team and look forward to her many contributions supporting the growth and success of WSFS.

Kumar has nearly 20 years of experience in the banking and financial services industry, including financial planning and analysis, budgeting, forecasting, corporate finance, strategic planning and investment optimization. Most recently, she served as Head of Financial Planning and Analysis at Citadel Credit Union, where she managed a $4 billion portfolio of assets, including end-to-end financial operations. Previously, she served as Vice President, Credit Card Finance at JPMorgan Chase, where she led financial management, reporting, forecasting, budgeting and profit and loss (P&L) for credit card portfolios. billions of dollars, as well as other leadership positions in the industry.

“I am thrilled to join the dynamic and collaborative team at WSFS and look forward to contributing to the continued success of the company and delivering value to all of our stakeholders,” Kumar said.

Kumar earned his BA, Hons, in Mathematics from St. Stephen College, University of Delhi in India, and his MBA in Finance and Accounting from the University of Chicago, Booth School of Business.

About WSFS Financial Company WSFS Financial Corporation is a multi-billion dollar financial services company. Its main subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company, headquartered in Delaware and the Greater Philadelphia area. As of December 31, 2021, WSFS Financial Corporation had $15.8 billion in assets on its balance sheet and $34.6 billion in assets under management and administration. WSFS operates from 112 offices, 89 of which are banking offices, located in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and fiduciary and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Cash Connect®, Cypress Capital Management, LLC, Christiana Trust Company of Delaware®, NewLane Finance®, Powdermill® Financial Solutions, West Capital Management®, WSFS Institutional Services®, WSFS Mortgage® and WSFS Wealth® investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, visit www.wsfsbank.com.

Source: WSFS Financial Corporation

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