OCC Approves WSFS’ Merger with Bryn Mawr Bank Corporation

The Office of the Comptroller of the Currency approved WSFS Financial’s previously announced merger with Bryn Mawr Bank Corporation.

Subject to the remaining regulatory approvals and the satisfaction of other conditions, the two companies expect to close the merger in Q4/21. The projected system conversion and bank rebranding is scheduled to occur in January 2022.

“We are pleased to receive this timely approval of our merger application from the OCC,” Rodger Levenson, chairman, president and CEO of WSFS Financial, said. “Our highly engaged teams at Bryn Mawr and WSFS are working collaboratively designing and implementing our integration plans and we look forward to a smooth conversion for our associates and customers in the upcoming months.”

WSFS Financial is the parent company of WSFS Bank.

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