WSFS Financial Corp. (WSFS) purchased the assets and operations of mortgage banking company Array Financial Group.
In addition, WSFS will acquire Arrow Land Transfer Company, an abstract and title company, both of which are headquartered in nearby Haverford, Pa.
"Mortgage financing is a core community banking product and needed to help families and communities grow and prosper," said Mark Turner, WSFS president and CEO.
"Now is an opportune time as we see steady signs of the local economy improving, to expand WSFS’ mortgage banking business, especially in the southeastern Pennsylvania market which has very favorable demographics and where we are enhancing our presence," he added.
