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INVESTOR SUMMARY November 2007

INVESTOR SUMMARY November 2007. Stockholders or others seeking information regarding the Company may call or write: WSFS Financial Corporation Investor Relations 500 Delaware Avenue Wilmington, DE 19801 302-571-7264 bsellers@wsfsbank.com Website www.wsfsbank.com. Mark A. Turner

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INVESTOR SUMMARY November 2007

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  1. INVESTOR SUMMARY November 2007

  2. Stockholders or others seeking information regarding the Company may call or write: WSFS Financial Corporation Investor Relations 500 Delaware Avenue Wilmington, DE 19801 302-571-7264 bsellers@wsfsbank.com Website www.wsfsbank.com Mark A. Turner CEO and President 302-571-7160 mturner@wsfsbank.com Stephen A. Fowle Chief Financial Officer 302-571-6833 sfowle@wsfsbank.com

  3. This report contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act, that involve risk and uncertainty. It should be noted that a variety of factors could cause actual results to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. The risks and uncertainties include, but are not limited to, the growth of the economy, interest rate movements, timely development of technology enhancements for the Company’s products and operating systems, the impact of competitive products, services and pricing, customer-based requirements, Congressional legislation, regulations, operating risk, estimates and similar matters. Readers of this report are cautioned not to place undue reliance on forward-looking statements which are subject to influence by the named risk factors and unanticipated future events. Actual results, accordingly, may differ materially from management expectations. WSFS Financial Corporation does not undertake and specifically disclaims any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

  4. How WSFS is Different • Focused strategy on attractive Delaware banking market; WSFS well positioned in Delaware market • Implementing business model around Engaged Associates creating Customer Advocates • Continuing high performance expectations • Aggressive manager of capital • Significant momentum in seizing market opportunities • Strong credit quality • Trading at a discount to peers based on price to earnings

  5. WSFS, celebrating its 175th anniversary, is one of the ten oldest banks(1) in the U.S. 2nd largest independent bank in DE $3.1 billion in assets 29 branch offices(2) 27 in DE 2 in nearby PA How WSFS is Different (1) Continuously operating under the same name (2) Branch offices in light blue are new or have been renovated in the past four years.

  6. How WSFS is Different WSFS Business Lines Retail • 29 branches • $1.4 billion in customer deposits • #4 in deposit market share Commercial • $1.5 billion in commercial, commercial real estate and private banking loans • #2 market share position based on an internal analysis of our market Wealth Management • Trust, advisory, asset management, retail brokerage, insurance, mutual funds, etc. CashConnect • Provides cash for non-bank owners of ATM’s - $168 million in outstandings

  7. Delaware Nat’l. Avg. GDP Growth 4.6% 3.0% Unemployment 3.0% 4.7% Median HH Income $52,214 $46,071 Population Growth(2000-2006) 8.9% 6.4% How WSFS is Different Delaware: An Attractive Market • In the middle of D.C., Baltimore, Philadelphia, New York corridor • One of only two states to receive straight “A’s” in 2007 from the Corporation for Enterprise Development in its assessment of economic development • Wilmington, Delaware ranks 5th on the list of ‘micro-cities’ with bright economic futures by Foreign Direct Investment magazine • Attractive Economy and Demographics (latest available data)

  8. How WSFS is Different WSFS:Well Positioned in the Delaware Banking Market BankAsset SizeHeadquarters Locations Wachovia$754 billionCharlotte, NC Citizens$159 billionProvidence, RI /Scotland PNC$131 billionPittsburgh, PA Commerce$50 billionCherry Hill, NJ Fulton (Delaware National) $15 billion Lancaster, PA Wilmington Trust(1)$11 billionWilmington, DE WSFS$3 billionWilmington, DE Artisans$593 millionWilmington, DE County Bank$333 millionRehoboth Beach, DE FNB of Wyoming$298 millionWyoming, DE Christiana Bank & Trust (2)$164 millionGreenville, DE (1)Revenue from the Regional Banking segment was approximately ½ of the Company’s total revenue for the year ended December 31, 2006 (2) Pending merger announced with National Penn Bancshares. Inc located in Boyertown, PA

  9. How WSFS is Different WSFS Competes on Service and Engagement Engaged Associates Customer Advocates Shareholder Value • Consistently ranked in the top quintile of all companies surveyed (1) • WSFS has been recognized by The Wilmington “News Journal” as a “Best in the Business” company three years in a row • Associate engagement drives stellar service to create customer advocacy • Customer advocacy survey places WSFS above the 90th percentile, which is considered a world-class service level (1) • On a scale of 1-5, 40% of WSFS customers gave us a “5” saying “I can’t imagine a world without WSFS” (1) • Builds sustainable real profit growth • Leads to increased shareholder value (1) Completed by the Gallup Organization

  10. How WSFS is Different Management Focused on Aggressive Long Term Financial Goals… • ROA of 1.5% • ROE of 18%+ • EPS growth of at least 12%+ per year

  11. How WSFS is Different …And is making progress on many fronts… Return on Average Assets Return on Average Equity 1.09% 1.10% 1.09% 15.38% 15.28% 1.02% 1.00% 14.34% 13.54% 10.60% (3) (3) (1) (2) (2) (1) Annual EPS $4.37 $4.05 $3.39 $2.58 CAGR = 19% (1) (2) (1) Proforma. Excludes one-time items listed on reconciliation between GAAP and Proforma, see Appendix 2. (2)Proforma. Excludes one-time items listed on reconciliation between GAAP and Proforma, see Appendix 3. (3) For the nine months ended September 30, 2007.

  12. How WSFS is Different Shareholders have been rewarded Cumulative Total Shareholder Return Compared with Performance of Selected Indexes (1)September 30, 1997 through September 30, 2007 Dollars WSFS Financial Corporation Dow Jones Total Market Index Nasdaq Bank Index (1) All data from Bloomberg L.P.

  13. How WSFS is Different An aggressive and disciplined manager of capital • Committed to returning capital to shareholders • Returned more than 70% of cumulative earnings since 1996 • Strong preference for share repurchases • 513,600 shares purchased year-to-date through September 30, 2007, or approximately 8% of outstanding common stock • WSFS continues to be capitalized at levels in excess of regulatory requirements for “well capitalized” institutions

  14. Building Premier Delaware Banking Franchise Strong growth in WSFS’ areas of focus Comm’l/Private Banking/CRE Loans Customer Deposits $1,543 Millions $1,547 Millions $1,422 $1,381 $1,230 $1,135 $1,086 $922 $935 $697 (1) (1) CAGR = 24% CAGR = 15% Last 2 years CAGR = 19% Last 2 years CAGR = 14% (1) Information as of September 30, 2007.

  15. Building Premier Delaware Banking Franchise Building a higher octane balance sheet mix Composition of Assets Composition of Loans(2) Billions Percent $3.1 $3.0 $2.8 12% 14% 5% $2.5 6% 8% 6% 8% $2.2 20% 8% 17% 6% 35% 19% 8% 4% 24% 7% 25% 33% 30% 70% 29% 67% 62% 61% 59% 35% 22% (1) (1) Comm Loans Res Mtg Cash Other Net Loans Investments & MBS Comm Real Estate Consumer Loans (1) Information as of September 30, 2007. (2) Excludes Businesses Held-For-Sale.

  16. Building Premier Delaware Banking Franchise Continuing Strong Credit Culture and Credit Quality Nonperforming Assets and Annualized Net Charge-offs (2) (1) • At September 30, 2007: • ALLL to total gross loans is 1.32%, and ALLL to nonaccruing loans is 172% • Less than $17.4 million ($8.9 million are seasoned more than 5 years) in subprime residential mortgages with a delinquency ratio of only 4.16%, which is less than one-third compared to market(3). Loss experience of 0.26% YTD 2007 or less than 0.4% over the last 3 years. (1) Net charge-offs include deposit overdraft charge-offs starting in the second quarter of 2006. (2) Nine months ended September 30, 2007. (3) Based on the most recent available data.

  17. Building Premier Delaware Banking Franchise Actively manage portfolio for diversification CRE (1) - $284,736 C&I Mix (1) - $680,958 0.5% Manufacturing Mixed Use 6.5% 9.0% 9.0% Parking Lots Retail Trade 9.5% 23.6% 9.4% Residential 1-4 units Construction 12.2% Flex Accommodation Services 6.1% Shopping Centers Finance & Insurance 14.8% 5.1% 5.9% Health Care Residential 5+ units 11.6% Office Wholesale Trade 8.5% 11.0% 7.5% Retail Other Services 10.9% 10.6% 21.0% Hotels/Accommodations Professional Services Less than 5% • Ahead of regulators limited overall CLD portfolio with both geographic & commercial/residential sublimits CLD Portfolio (1) - $250,986 Sussex 26.6% 29.5% New Castle Kent 8.8% Other States 18.7% Pennsylvania 16.3% (1) As of June 30, 2007, in thousands

  18. Building Premier Delaware Banking Franchise Strong deposit growth replacing wholesale funding Customer Funding Growth Composition of Funding (2) Billions $3.1 $3.0 $2.8 6% $2.5 7% 6% $2.2 8% 47% 48% 8% 52% 50% 52% 47% 45% 42% 42% 40% (1) WSFS High Performance Peer Group $1 to $3 Billion Peer Group Customer Deposits Equity Borrowings & Wholesale Deposits (1) Information as of September 30, 2007. (2) Quarterly average balances.

  19. Building Premier Delaware Banking Franchise Deposit Growth • Retail branch expansion and renovation • Deposit-specific relationship managers • Realignment of incentives • Remote deposit offering • Continuation of successes • Free personal and business checking initiatives • Increase the deposit penetration of existing commercial customers

  20. Building Premier Delaware Banking Franchise Efforts have helped to buck industry trends Net Interest Income/Margin Millions $21.1 $20.1 $20.1 $20.1 $20.0 $19.7 $19.7 $19.5 $19.6 $19.4 (2) Net Interest Margin (As Reported) Net Interest Margin (Proforma)(1) Reverse Mortgage Income Net Interest Income (Ex Rev Mtg Inc) (1) Proforma. Excludes reverse mortgage income in the 3rd qtr 2006 of $154, 4th qtr 2006 of $450, 1st qtr 2007 of $1,359, 2nd qtr 2007 of $375 and 3rd qtr 2007 of $126. (2) Proforma. Excludes one-time items listed on reconciliation between GAAP and Proforma, see Appendix 3.

  21. Building Premier Delaware Banking Franchise Efforts to build fee income sources have also paid off Noninterest income (1) Millions $40.6 $35.3 $34.3 $31.7 $31.2 $25.7 (2) (3) (4) (3) CAGR = 17% CashConnect (CAGR 35%) WSFS (CAGR 10%) Last twelve months CAGR = 10% (1) Excludes securities gains & losses (see Appendix 2 for detail). (2) Proforma. Excludes one-time items listed on reconciliation between GAAP and Proforma, see Appendix 3. (3) YTD as of September 30. (4) Excludes gain on sale of credit card loans of $882

  22. Building Premier Delaware Banking Franchise However franchise growth also comes at a cost Noninterest expense Millions $69.4 $62.9 $59.7 $55.7 $50.8 $49.4 (2) (1) (2) CAGR = 12% Last twelve months CAGR = 18% (1) Proforma. Excludes one-time items listed on reconciliation between GAAP and Proforma, see Appendix 3. (2) YTD as of September 30.

  23. Building Premier Delaware Banking Franchise Investing in Growth – Year over Year Expense • New or renovated branches • 13 of 29 new or renovated in last 4 years • Headquarters move • The move into WSFS Bank Center ushers in a new era • Wealth Management • Provides wealth management and personal trust services • Loan Production Offices • 2 of 4 current LPO’s opened in last 12 months • Reverse Mortgage Unit • Formation in the 2nd half of 2006 • Brand Campaign • “We Stand For Service”TM

  24. Building Premier Delaware Banking Franchise WSFS continues to trade at a discount P/E Ratio (2007 est.) Price to Book 20x 15x 10x 5x 0x • - WSFS ratios calculated using: • Stock price at November 2, 2007; Book value as of September 30, 2007. • NASDAQ Bank Index ratios as reported from Bloomberg L.P. • WSFS’$1-3 Billion Peer Group Price to Tangible Book value was 187.7% as of June 30, 2007.

  25. Investment Considerations • Focused strategy on attractive Delaware banking market; WSFS well positioned in Delaware market • Implementing business model around Engaged Associates creating Customer Advocates • Continuing high performance expectations • Aggressive manager of capital • Significant momentum in seizing market opportunities • Strong credit quality • Trading at a discount to peers based on price to earnings

  26. Appendixes

  27. $1-3 Billion “High Peer Performing” RatioWSFSGroup(1)Peer Group(2) Compound Annual Earnings per Share 14.96% 0.19% 4.17% Growth since 2003 Return on Average 1.00% 0.92% 1.23% Assets for 2007 Return on Average 14.34% 10.08% 15.04% Equity for 2007 Efficiency Ratio for 2007 61.38% 63.93% 53.03% (1) Includes all publicly reporting banks and thrifts with assets between $1 and $3 billion with information readily available. (2) Includes a select group of similar sized high performing institutions with information readily available. Appendixes Measurements (Continuing Operations) Appendix 1

  28. GAAP to Proforma Reconciliation(In thousands) Appendixes Appendix 2

  29. GAAP to Proforma Reconciliation(In thousands) Appendixes Appendix 3

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