WSFS partners with Elan for credit cards, sells $36.3M portfolio; expects $1.7M gain

WSFS FINANCIAL CORP

WSFS subsidiary enters partnership with Elan (U.S. Bank) to issue WSFS-branded credit cards.
Agreement to sell existing credit card portfolio with outstanding balance of $36.3M as of May 31, 2026.
Anticipates Q2 2026 gain of ~$1.7M and provision release of ~$1.3M from this transaction.
Company expects no material impact on financial results moving forward.

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