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<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



                Date of Report (Date of earliest event reported)
                                November 5, 2002





                           WSFS Financial Corporation
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


          Delaware                     0-16668              22-2866913
-----------------------------       --------------      ----------------
(State or other jurisdiction        (SEC File No.)        (IRS Employer
     of incorporation)                                   Identification
                                                              Number)


838 Market Street, Wilmington, Delaware                     19899
---------------------------------------                   ---------
(Address of principal executive offices)                  (Zip Code)




Registrant's telephone number, including area code: (302)792-6000
                                                    -------------

                                 Not Applicable
-------------------------------------------------------------------------------
          (Former name or former address, if changed since last Report)

<PAGE>

                           WSFS FINANCIAL CORPORATION


                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 5.  Other Events
---------------------

         On November 5, 2002, the Registrant  announced that it had  consummated
the sale of its C1FN/Everbank branchless national banking segment.

         For  further  details,  reference  is made to the Press  Release  dated
November 5, 2002, which is attached hereto as Exhibit 99 and incorporated herein
by this reference.


Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits
--------------------------------------------------------------------------------

Exhibit 99 -- Press Release dated November 5, 2002.
----------




                                       -2-


<PAGE>

                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                         WSFS FINANCIAL CORPORATION



Date: November 6, 2002          By:      /s/Mark A. Turner
      ----------------                   ------------------------------
                                         Mark A. Turner
                                         Chief Operating Officer
                                         Chief Financial Officer







                                       -3-


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                           WSFS FINANCIAL CORPORATION
                     838 Market Street, Wilmington, DE 19899



For Release:       November 5, 2002                    Contact:  Mark A. Turner
                                                                 (302) 571-7160

                  WSFS ANNOUNCES CLOSING OF C1FN/EVERBANK SALE

         WSFS Financial  Corporation  (NASDAQ/NMS:  WSFS), the parent company of
Wilmington  Savings  Fund  Society,  FSB (WSFS),  reported  that the  previously
announced  sale of its  C1FN/Everbank  branchless  national  banking  segment to
Alliance  Capital  Partners,  Inc., the  privately-held  parent company of First
Alliance Bank, a federally chartered savings bank, closed on November 5, 2002.

         Total  assets  of  the  sold   segment  at  September   30,  2002  were
approximately $345 million, including net loans of $18 million; deposits at that
same date were  approximately  $340  million.  As  anticipated,  WSFS expects to
record a modest gain in the fourth  quarter  2002 related to the  operation  and
sale  of this  segment.  This  transaction  is  consistent  with  the  Company's
strategic  direction and other recent  actions to focus  resources on WSFS' core
community bank in and around Delaware.

         WSFS  Financial  Corporation  is  a  $1.6  billion  financial  services
company.  Its  principal  subsidiary,  Wilmington  Savings  Fund  Society,  FSB,
currently  operates 21 retail  banking  offices in New Castle  County and Dover,
Delaware,  as well as Chester  and  Delaware  Counties  in  Pennsylvania.  Other
operating  subsidiaries  include WSFS Credit  Corporation;  Wilmington  Finance,
Inc.; and WSFS Investment  Group,  Inc. For more  information,  please visit the
Bank's website at www.wsfsbank.com.

                                      * * *

         Statements  contained in this news  release,  which are not  historical
facts,  are  forward-looking  statements  as that term is defined in the Private
Securities  Litigation Reform Act of 1995. Such  forward-looking  statements are
subject to risks and  uncertainties  which could cause actual  results to differ
materially  from those currently  anticipated due to a number of factors,  which
include,  but are not limited to, factors  discussed in documents  filed by WSFS
Financial  Corporation with the Securities and Exchange  Commission from time to
time.  The  Corporation  does  not  undertake  to  update  any   forward-looking
statement,  whether written or oral, that may be made from time to time by or on
behalf of the Corporation.

                                      # # #


</TEXT>
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