Beneficial Bank: Deal creating region's largest local bank now official

WSFS Financial Corp. has closed its previously announced $1.5 billion acquisition of Beneficial Bancorp, becoming the largest bank based in the Philadelphia region. The deal creates a bank with $13 billion in assets and after systems conversion in late August, it will have 90 branches all operating under the WSFS name. Wilmington-based WSFS Financial (NASDAQ: WSFS) announced the deal in August and has since identified 25 branches that it will close and agreed to sell another five to Bank of Princeton....