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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 7, 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)


                                       -1-

<PAGE>


                           WSFS FINANCIAL CORPORATION

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


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

         On November 7, 2002,  the  Registrant  announced  it had entered into a
definitive agreement to sell its majority interest in Wilmington Finance,  Inc.,
an  originator  and  seller  of non-  conforming  loans,  majority  owned by the
Registrant.  The Registrant  also announced an increase in its share  repurchase
authorization.

         For  further  details,  reference  is made to the Press  Release  dated
November 7, 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 7, 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 7, 2002                     By:/s/Mark A. Turner
     -------------------------                --------------------------
                                              Mark A. Turner
                                              Chief Operating Officer
                                              Chief Financial Officer





                                       -3-




</TEXT>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>PRESS RELEASE 2
<TEXT>
                           WSFS FINANCIAL CORPORATION
                     838 Market Street, Wilmington, DE 19899


For Release:       November 7, 2002                     Contact:  Mark A. Turner
                                                                  (302) 571-7160


          WSFS ANNOUNCES AGREEMENT TO SELL WILMINGTON FINANCE, INC. AND
                  AN INCREASE IN SHARE REPURCHASE AUTHORIZATION


         WSFS Financial  Corporation  (NASDAQ/NMS:  WSFS), the parent company of
Wilmington  Savings  Fund  Society,  FSB  (WSFS),  announces  that a  definitive
agreement has been signed with American  General  Finance,  Inc. for the sale of
WSFS' majority-owned subsidiary, Wilmington Finance, Inc.

         WSFS started  Wilmington  Finance,  Inc. (WF) in the fourth  quarter of
1999 as a joint  initiative with a recruited  management team for the purpose of
originating and selling non- conforming  mortgage loans.  WF,  headquartered  in
Plymouth Meeting, Pennsylvania, made its first loan in January 2000 and has been
profitable since the fourth quarter of 2000.

         The terms of the transaction are not fully disclosed. However, the sale
price is based on a premium to book value at closing.  WSFS expects its share of
the total transaction proceeds to be approximately $78 million.  WSFS expects to
recognize a gain on the sale of  approximately  $42 million  after tax, or $4.40
per WSFS  share.  At  September  30,  2002 WF had assets of  approximately  $166
million,  consisting  primarily  of mortgage  loans  held-for-sale.  Over the 12
months ended September 30, 2002 WSFS has recognized  $8.1 million,  or $0.86 per
WSFS share as its portion of the profitability of WF.

         Marvin N.  Schoenhals,  Chairman and  President  of WSFS said,  "We are
proud  of  the  overwhelming  success  of  Wilmington  Finance,   Inc.  and  our
contribution to that success.  This  transaction is in the best interests of our
shareholders  and all  constituents,  and is  consistent  with  WSFS'  strategic
direction  and other recent  actions to focus  resources and capital on our core
community bank in and around Delaware."


<PAGE>


         The  transaction  is  expected to close in early 2003 and is subject to
customary closing conditions.

         The Board of  Directors  of WSFS  concurrently  approved an increase in
WSFS'  share  repurchase   authorization  to  10%  of  outstanding   shares,  or
approximately 910,000 shares.

         American General Finance,  Inc. and its subsidiaries are engaged in the
consumer   finance  and  related  credit   insurance   business.   The  company,
headquartered  in  Evansville,  Indiana,  has $13 billion in assets and operates
over 1,400  offices  in 44  states,  Puerto  Rico and the U.S.  Virgin  Islands,
providing  products  and  services to  approximately  2 million  customers.  The
company offers direct  customer and home equity loans,  retail sales  financing,
and other credit-related  products.  American General Finance,  Inc. is a member
company of American International Group, Inc.

         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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