WILMINGTON, Del. – WSFS Financial Corp., the parent company of WSFS Bank and Cash Connect ATM Solutions, announced in a news release that for the third consecutive year, it has earned the top position in U.S. Banker's ranking of mid-tier banks.
The ranking, published in the August issue of U.S. Banker, is based on a three-year average return on equity using information compiled by Keefe, Bruyette & Woods. The list of banks included the top 100 performers that have between $1 billion and $10 billion in assets.
Cash Connect, a division of WSFS Bank, has experienced strong growth since its inception in 1998 and now supplies vault cash to more than 6,000 ATMs across the nation. Additionally, Cash Connect manages WSFS Bank's network of 240 ATMs, which is the largest network Delaware.
Tom Stevenson, president of Cash Connect, said that the strength of WSFS has been a major part of Cash Connect's performance. "It's truly an honor to be affiliated with the top-performing mid-tier bank in the entire nation," he said. "It gives us a great deal of confidence having the strength of WSFS standing behind Cash Connect's ATM program."
