Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Represents WSFS Financial in $1.5 Billion Acquisition

August 8, 2018

WASHINGTONCovington advised Wilmington, Delaware-based WSFS Financial Corporation in its acquisition of Philadelphia-based Beneficial Bancorp, Inc., in a transaction valued at approximately $1.5 billion.

This is the second bank M&A deal in two weeks where Covington is representing the acquiring institution. Covington is also representing Dallas-based Veritex Holdings in its $1 billion acquisition of Houston-based Green Bancorp. These two deals are the 5th and 6th largest bank M&A deals, respectively, this year.

The Covington team included Rusty Conner, Michael Reed, Chris DeCresce, Charlotte May, Nora Diamond-Jones, Max Corey, Brianna Bloodgood, and Tyler Sines (corporate); Jenna Wallace, Megan Woodford, and James Damon (employment and benefits); Michael Nonaka, Dwight Smith, and Randy Benjenk (bank regulatory); and Kurt Baca and Jon Endean (tax).

Share this article: