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WSFS Financial Corporation Common Stock, also called WSFS, is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. Read More The WSFS Bank segment provides loans and other financial products to commercial and retail customers. The Cash Connect segment offers ATM vault cash, cash safe, and other cash logistics services. The Wealth Management segment focuses in array of fiduciary, investment management, credit, and deposit products to clients. The company was founded in 1832 and is headquartered in Wilmington, DE.
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Coin TelegraphMay 10
Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility
Morgan Creek-backed blockchain equity loan platform Figure has completed a $1 billion “uncommitted” financing facility via blockchain, the firm announced in a press release on May 9. Custodied on Figure’s blockchain platform Provenance.io, the new facility was closed along with major global investment banking firm Jefferies and multi-billion dollar financial services company WSFS Financial Corporation. According to the press release, Figure has been working with Jefferies and WSFS for more than six months...
PR NewswireMay 9
Figure Technologies, Jefferies and WSFS Institutional Services Close $1 Billion Financing Facility on Blockchain
SAN FRANCISCO, May 9, 2019 /PRNewswire/ -- Figure Technologies, Inc. (Figure™), a leading fintech company in both the home equity and blockchain space, has closed an up to $1 billion uncommitted asset-based financing facility on the Provenance.io blockchain with Jefferies and WSFS Institutional Services. As part of the facility, Jefferies may make periodic advances to Figure under a variable funding note, which is secured by Figure home equity lines. The facility is custodied on Provenance.io , which was d...
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