WSFS Bank appoints new chief information officer

WILMINGTON, Del. - WSFS Bank, the main subsidiary of WSFS Financial Corporation (NASDAQ:WSFS), has announced the appointment of Allan Matyger as the new Executive Vice President and Chief Information Officer (CIO). Matyger, who recently served as Interim CIO, has been promoted to permanently oversee the bank’s technology strategy and digital transformation efforts at the $2.97 billion market cap financial institution. According to InvestingPro data, WSFS maintains a robust financial health score of "GOOD," positioning it well for continued technological advancement.

In his elevated role, Matyger will be responsible for aligning the bank’s IT strategy with its business goals, directing strategic IT investments, and leading digital initiatives aimed at boosting operational efficiency and enhancing the customer experience.

Arthur Bacci, Executive Vice President and Chief Operating Officer of WSFS, expressed confidence in Matyger’s leadership and his ability to deliver exceptional experiences for both clients and associates. Bacci underscored Matyger’s successful track record, particularly his contributions as Senior Vice President and Chief Technology Officer for Cash Connect, a division of WSFS Bank specializing in ATM cash management and cash logistics solutions.

Matyger’s tenure with the company spans nearly 25 years, during which he has progressively taken on more responsibility. His experience and leadership within Cash Connect have demonstrated his capability to drive operational excellence and implement effective strategies.

Expressing his enthusiasm for the new role, Matyger stated his commitment to enhancing client and stakeholder experiences in a digital landscape. He will also join the Executive Leadership Team, reporting directly to Bacci.

WSFS Financial Corporation, a multibillion-dollar financial services company, is the parent company of WSFS Bank, the oldest and largest bank headquartered in the Greater Philadelphia and Delaware region. With assets totaling $20.5 billion and $89.6 billion under management and administration as of March 31, 2025, WSFS operates from 115 offices and offers a range of financial services, including commercial and consumer banking, treasury management, and wealth management. Based on InvestingPro analysis, the company appears undervalued at current levels, with analysts having revised earnings expectations upward for the upcoming period. For detailed insights and comprehensive analysis of WSFS’s financial health and growth prospects, investors can access the full Pro Research Report, available exclusively on InvestingPro.

This appointment is based on a press release statement from WSFS Bank.

In other recent news, WSFS Financial Corporation reported its first-quarter earnings for 2025, achieving an earnings per share (EPS) of $1.13, which exceeded analyst forecasts of $1.04. Despite this positive surprise in EPS, the company’s revenue was slightly below expectations, coming in at $256.1 million compared to the projected $256.6 million. Additionally, WSFS Financial Corporation announced the appointment of Rebecca Seeman as the new Senior Vice President and Chief Operating Officer of Consumer Banking. Seeman, who has nearly two decades of banking experience, will oversee strategic aspects of consumer banking at WSFS Bank. Her appointment aligns with the company’s commitment to enhancing service and community engagement. In terms of operational performance, WSFS Financial Corporation achieved a core return on assets (ROA) of 1.29% and a core return on tangible common equity of 16.97%. The company also reported an 8 basis point expansion in net interest margin to 3.88% and a 6% year-over-year increase in core fee revenue. Looking ahead, WSFS plans to update its full-year guidance in the second quarter and is targeting a CET1 ratio of 12% over a two to three-year period.

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