StockNews.AI
WSFS
StockNews.AI
41 days

WSFS Names Frank McGrane, Executive Vice President, Chief Credit Officer

1. WSFS Bank promotes Frank McGrane to Chief Credit Officer. 2. McGrane oversees commercial and consumer credit exposures. 3. He brings 40 years of banking experience to the role. 4. WSFS aims for growth under McGrane's leadership in credit. 5. McGrane previously served as Deputy Chief Credit Officer.

5m saved
Insight
Article

FAQ

Why Bullish?

Leadership changes often signal strategic shifts. Historically, companies that appoint experienced leaders tend to perform well.

How important is it?

This leadership change may influence investor confidence and affect strategic decision-making positively.

Why Long Term?

McGrane's experience can lead to sustained performance improvements rather than short-term gains, similar to past successful appointments in banking.

Related Companies

CZRFISPNC
- WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer.Frank McGrane’s responsibilities as CCO include oversight and administration of WSFS Bank’s commercial, consumer and other credit exposures as well as loan policies and procedures.Share “Frank’s decades of experience with credit risk and lending make him a natural fit to oversee WSFS’ credit exposures,” said Davis. “He will play a critical role as WSFS continues to grow and build upon its strong foundation.” McGrane’s responsibilities as CCO include oversight and administration of WSFS Bank’s commercial, consumer and other credit exposures as well as loan policies and procedures. McGrane most recently served as WSFS’ Deputy Chief Credit Officer and will be taking over for Liam Brickley, who is retiring. “WSFS Bank’s credit team works alongside our bankers to serve the ever-changing needs of our clients and communities,” said McGrane. “I look forward to building upon that legacy as our capabilities continue to expand.” Frank McGrane brings nearly forty years of banking experience in middle market and corporate relationship management, portfolio management and credit risk administration. Over McGrane’s career, he has held steadily increasing leadership positions across several financial institutions including Citizens Bank, Mellon Bank, Chemical Bank New Jersey and Irving Trust Company. McGrane holds an MBA from the University of Notre Dame and studied computers and information systems while at King’s College. He is a member of the Risk Management Association and does volunteer work with Covenant House of Pennsylvania, The Friends of Radnor Library, Cradles to Crayons and the Notre Dame Club of Philadelphia. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2025, WSFS Financial Corporation had $20.5 billion in assets on its balance sheet and $89.6 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth Management, LLC, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com. More News From WSFS Financial Corporation

Related News