
<PAGE>


                                  ATTACHMENT C

                         SUBSIDIARIES OF THE REGISTRANT

<PAGE>


                                                                      Exhibit 21

                         Subsidiaries of the Registrant
<TABLE>
<CAPTION>
                                                                                                            State or
                                                                                     Percent           Other Jurisdiction
Parent Company                                       Subsidiary                       Owned             of Incorporation
--------------                                       ----------                       -----             ----------------
<S>                                    <C>                                            <C>               <C>
WSFS Financial Corporation             Wilmington Savings Fund Society,               100%               United States
                                          Federal Savings Bank
                                       WSFS Capital Trust I                           100%               Delaware

Wilmington Savings Fund                Star States Development Company                100%               Delaware
 Society, Federal                      838 Investment Group, Inc.                     100%               Delaware
 Savings Bank                          WSFS Credit Corporation                        100%               Delaware
                                       CustomerOne Financial Network, Inc.             29%               Delaware
                                       Wilmington National Finance, Inc.*              51%               Delaware
</TABLE>







*Formerly Community Credit Corporation.



