WSFS Financial Corporation (Exact name of registrant as specified in its charter)

Size: px
Start display at page:

Download "WSFS Financial Corporation (Exact name of registrant as specified in its charter)"

Transcription

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 18, 2018 Date of Report (Date of earliest event reported) WSFS Financial Corporation (Exact name of registrant as specified in its charter) Delaware (SEC Commission File Number) (State or other jurisdiction of incorporation) WSFS Bank Center 500 Delaware Avenue, Wilmington, Delaware (Address of principal executive offices) (Zip Code) (IRS Employer Identification Number) Registrant s telephone number, including area code: (302) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ý Written communications pursuant to Rule 425 under the Securities Act Soliciting material pursuant to Rule 14a-12 under the Exchange Act Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

2 WSFS FINANCIAL CORPORATION INFORMATION TO BE INCLUDED IN THE REPORT Item 7.01 Regulation FD Disclosure. On September 18, 2018, WSFS Financial Corporation ( WSFS ) announced that Mark A. Turner, Chairman, President and Chief Executive Officer of WSFS, Rodger Levenson, Executive Vice President and Chief Operating Officer of WSFS and Dominic C. Canuso, Executive Vice President and Chief Financial Officer of WSFS, will make presentations to analysts and investors at various meetings during the month of September. A copy of the press release is attached hereto as Exhibit 99.1 and a copy of the presentation materials is attached hereto as Exhibit 99.2 and each are incorporated herein by reference. This information (including Exhibits 99.1 and 99.2) is furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 ( Exchange Act ) or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the Securities Act ), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 8.01 Other Events. The only information contained in this Form 8-K being filed for the purposes of compliance with Rule 425 of the Securities Act is the information relating solely to the proposed merger between WSFS and Beneficial Bancorp, Inc. ( Beneficial ) contained in the presentation materials furnished herewith as Exhibit 99.2 and being filed under this Item Important Additional Information will be Filed with the SEC This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed acquisition by WSFS of Beneficial (the Proposed Transaction ). No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

3 In connection with the Proposed Transaction, WSFS will file with the U.S. Securities and Exchange Commission (the SEC ) a Registration Statement on Form S-4 (the Registration Statement ) that will include a joint proxy statement of WSFS and Beneficial and a prospectus of WSFS (the Joint Proxy/Prospectus ), and each of WSFS and Beneficial may file with the SEC other relevant documents concerning the Proposed Transaction. The definitive Joint Proxy /Prospectus will be mailed to stockholders of WSFS and Beneficial. Stockholders are urged to read the Registration Statement and the Joint Proxy/Prospectus regarding the Proposed Transaction carefully and in their entirety when they become available and any other relevant documents filed with the SEC by WSFS and Beneficial, as well as any amendments or supplements to those documents, because they will contain important information about the Proposed Transaction. Free copies of the Registration Statement and the Joint Proxy/Prospectus, as well as other filings containing information about WSFS and Beneficial, may be obtained at the SEC s website ( when they are filed. You will also be able to obtain these documents, when they are filed, free of charge, by directing a request to WSFS Financial Corporation, WSFS Bank Center, 500 Delaware Avenue, Wilmington, Delaware or by directing a request to Beneficial Bancorp, Inc., Beneficial Bank Place, 1818 Market Street, Philadelphia, Pennsylvania Participants in the Solicitation WSFS, Beneficial and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of WSFS or Beneficial in respect of the Proposed Transaction. Information about WSFS s directors and executive officers is available in its proxy statement for its 2018 annual meeting of stockholders, which was filed with the SEC on March 23, 2018, and information regarding Beneficial s directors and executive officers is available in its proxy statement for its 2018 annual meeting of stockholders, which was filed with the SEC on March 8, Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy/Prospectus and other relevant materials to be filed with the SEC when they become available. Free copies of this document may be obtained as described in the preceding paragraph.

4 Forward-Looking Statements This Current Report on Form 8-K contains estimates, predictions, opinions, projections and other forward-looking statements as that phrase is defined in the Private Securities Litigation Reform Act of Forward-looking statements include, without limitation, statements relating to the impact WSFS expects its proposed acquisition of Beneficial to have on the combined entity s operations, financial condition, and financial results, and WSFS s expectations about its ability to successfully integrate the combined businesses and the amount of cost savings and overall operational efficiencies WSFS expects to realize as a result of the proposed acquisition. The forward-looking statements also include predications or expectations of future business or financial performance as well as goals and objectives for future operations, financial and business trends, business prospects, and management s outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words believe, expect, anticipate, plan, estimate, target, project and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (many of which are beyond the control of WSFS and Beneficial) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, the possibility that the proposed acquisition does not close when expected or at all because required regulatory, stockholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all, the failure to close for any other reason, changes in WSFS s share price before closing, that the businesses of WSFS and Beneficial will not be integrated successfully, that the cost savings and any synergies from the proposed acquisition may not be fully realized or may take longer to realize than expected, disruption from the proposed acquisition making it more difficult to maintain relationships with employees, customers or other parties with whom WSFS or Beneficial have business relationships, diversion of management time on merger-related issues, risks relating to the potential dilutive effect of shares of WSFS common stock to be issued in the transaction, the reaction to the transaction of the companies customers, employees and counterparties and other factors, many of which are beyond the control of WSFS and Beneficial. We refer you to the Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations sections of WSFS s Annual Report on Form 10-K for the year ended December 31, 2017, the Annual Report on Form 10-K filed by Beneficial for the year ended December 31, 2017 and any updates to those risk factors set forth in WSFS s and Beneficial s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings, which have been filed by WSFS and Beneficial with the SEC and are available on the SEC s website at All forward-looking statements, expressed or implied, included in this Current Report on Form 8-K are expressly qualified in their entirety by the cautionary statements contained or referred to herein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on WSFS, Beneficial or their respective businesses or operations. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date on which they are made. Neither WSFS nor Beneficial undertakes any obligation, and specifically declines any obligation, to revise or update any forward-looking statements, whether as a result of new information, future developments or otherwise. Item 9.01 Exhibits. (d) Exhibits Exhibit 99.1 Press Release, dated September 18, Exhibit 99.2 Investor Presentation, dated September 19, 2018.

5 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, hereunto duly authorized. WSFS FINANCIAL CORPORATION Date: September 19, 2018 By: /s/ Dominic C. Canuso Name: Dominic C. Canuso Title: Executive Vice President and Chief Financial Officer

6 Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Relations Contact: Dominic C. Canuso (302) September 18, 2018 Media Contact: Jimmy A. Hernandez (302) WSFS to Hold Meetings with Analysts and Investors in New York City Roadshow and Participate in the 8 th Annual Stephens Bank CEO Forum in Little Rock, Ark. WILMINGTON, Del. Management from WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will hold meetings with analysts and investors in a roadshow in New York City on September 20 and 21, 2018, and at the 8 th Annual Stephens Bank CEO Forum in Little Rock, Ark., on September 25 and 26, Mark A. Turner, WSFS Chairman, President and CEO, will be joined by Rodger Levenson, WSFS Executive Vice President and Chief Operating Officer, and Dominic C. Canuso, WSFS Executive Vice President and Chief Financial Officer, in the New York City roadshow sponsored and coordinated by Sandler O Neill + Partners, L.P. Messrs. Levenson and Canuso will participate in the 8 th Annual Stephens Bank CEO Forum where they will host one-on-one meetings with analysts and investors. Presentation Materials: Presentation slides will be included as part of the meetings and will also be available by close of business on Wednesday, September 19, 2018, on the Investor Relations page of the Company s website. About WSFS Financial Corporation WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the Delaware Valley. As of June 30, 2018, WSFS Financial Corporation had $7.11 billion in assets on its balance sheet and $19.09 billion in assets under management and administration. WSFS operates from 77 offices located in Delaware (46), Pennsylvania (29), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, Christiana Trust of DE, WSFS Wealth Investments, WSFS Wealth Client Management, Cypress Capital Management, LLC, West Capital Management, Powdermill Financial Solutions, Cash Connect, WSFS Mortgage and Arrow Land Transfer. Serving the Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit wsfsbank.com. ###

7 C re a tin g th e L a rg e s t,p re m ie r,l o c a ly -H e a d q u a rte re d C o m m u n ity B a n k fo rth e G re a te rd e la w a re V a le y C o n c u re n tly e x e c u tin g a te c h n o lo g y tra n s fo rm a tio n to s e c u re a c o m p e titiv e a d v a n ta g e a n d m e e tfa s t-c h a n g in g C u s to m e rn e e d s S e p te m b e r1 9, Exhibit 99.2

8 T h is p re s e n ta tio n c o n ta in s e s tim a te s,p re d ic tio n s,o p in io n s,p ro je c tio n s a n d o th e r fo rw a rd -lo o k in g s ta te m e n ts a s th a tp h ra s e i s d e fin e d in th e P riv a te S e c u ritie s L itig a tio n R e fo rm A c to f F o rw a rd -lo o k in g s ta te m e n ts in c lu d e,w ith o u tlim ita tio n,s ta te m e n ts re la tin g to th e im p a c tws F S F in a n c ia l C o rp o ra tio n ( WS F S )e x p e c ts its p ro p o s e d a c q u is itio n o fb e n e fic ia l to h a v e o n th e c o m b in e d e n tity s o p e ra tio n s,fin a n c ia l c o n d itio n,a n d fin a n c ia l re s u lts,a n d WS F S s e x p e c ta tio n s a b o u tits a b ility to s u c c e s s fu ly in te g ra te th e c o m b in e d b u s in e s s e s a n d th e a m o u n to fc o s ts a v in g s a n d o v e ra l o p e ra tio n a l e fic ie n c ie s WS F S e x p e c ts to re a liz e a s a re s u lto fth e p ro p o s e d a c q u is itio n.t h e fo rw a rd -lo o k in g s ta te m e n ts a ls o in c lu d e p re d ic a tio n s o re x p e c ta tio n s o fu tu re b u s in e s s o rfin a n c ia l p e rfo rm a n c e a s w e l a s g o a ls a n d o b je c ti v e s fo rfu tu re o p e ra tio n s,fin a n c ia l a n d b u s in e s s tre n d s,b u s in e s s p ro s p e c ts,a n d m a n a g e m e n t's o u tlo o k o re x p e c ta tio n s fo re a rn in g s,re v e n u e s,e x p e n s e s,c a p ita le v e ls,liq u id ity le v e ls,a s s e tq u a lity o ro th e rfu tu re fin a n c ia l o rb u s in e s s p e rfo rm a n c e,s tra te g ie s o re x p e c ta tio n s.t h e w o rd s b e lie v e, e x p e c t, a n tic ip a te, p la n, e s tim a te, ta rg e t, p ro je c t a n d s im ila re x p re s s io n s,a m o n g o th e rs,g e n e ra ly id e n tify fo rw a rd -lo o k in g s ta te m e n ts.s u c h fo rw a rd -lo o k in g s ta te m e n ts a re b a s e d o n v a rio u s a s s u m p tio n s (m a n y o fw h ic h a re b e y o n d th e c o n tro l o fws F S a n d B e n e fic ia l B a n c o rp,in c.( B e n e fic ia l o r B N C L )a n d a re s u b je c to ris k s a n d u n c e rta in tie s (w h ic h c h a n g e o v e rtim e )a n d o th e rfa c to rs w h ic h c o u ld c a u s e a c tu a l re s u lts to d ife rm a te ria ly fro m th o s e c u re n tly a n tic ip a te d.s u c h ris k s a n d u n c e rta in tie s in c lu d e,b u ta re n o tlim ite d to,th e p o s s ib ility th a th e p ro p o s e d a c q u is itio n d o e s n o tc lo s e w h e n e x p e c te d o ra ta l b e c a u s e re q u ire d re g u la to ry,s to c k h o ld e ro ro th e ra p p ro v a ls a n d o th e rc o n d itio n s to c lo s in g a re n o tre c e iv e d o rs a tis fie d o n a tim e ly b a s is o ra ta l,th e fa ilu re to c lo s e fo ra n y o th e re a s o n,c h a n g e s in WS F S s s h a re p ric e b e fo re c lo s in g,th a th e b u s in e s s e s o fws F S a n d B e n e fic ia l w il n o tb e in te g ra te d s u c c e s s fu ly,th a th e c o s ts a v in g s a n d a n y s y n e rg ie s fro m th e p ro p o s e d a c q u is itio n m a y n o tb e fu ly re a liz e d o rm a y ta k e lo n g e rto re a liz e th a n e x p e c te d,d is ru p tio n fro m th e p ro p o s e d a c q u is itio n m a k in g itm o re d ific u lto m a in ta in re la tio n s h ip s w ith e m p lo y e e s,c u s to m e rs o ro th e rp a rtie s w ith w h o m WS F S o rb e n e fic ia l h a v e b u s in e s s re la tio n s h ip s,d iv e rs io n o fm a n a g e m e n tim e o n m e rg e r-re la te d is s u e s,ris k s re la tin g to th e p o te n tia l d ilu tiv e e fe c to fs h a re s o fws F S c o m m o n s to c k to b e is s u e d in th e tra n s a c tio n,th e re a c tio n to th e tra n s a c tio n o fth e c o m p a n ie s c u s to m e rs,e m p lo y e e s a n d c o u n te rp a rtie s a n d o th e rfa c to rs,m a n y o fw h ic h a re b e y o n d th e c o n tro l o fws F S a n d B e n e fic ia l.we re fe ry o u to th e R is k F a c to rs a n d M a n a g e m e n t s D is c u s s io n a n d A n a ly s is o ff in a n c ia l C o n d itio n a n d R e s u lts o fo p e ra tio n s s e c tio n s o fws F S s A n n u a l R e p o rto n F o rm 1 0 -K fo rth e y e a r e n d e d D e c e m b e r3 1, ,th e A n n u a l R e p o rto n F o rm 1 0 -K file d b y B e n e fic ia l fo rth e y e a re n d e d D e c e m b e r3 1, a n d a n y u p d a te s to th o s e ris k fa c to rs s e tfo rth in WS F S s a n d B e n e fic ia l s Q u a rte rly R e p o rts o n F o rm 1 0 -Q,C u re n tr e p o rts o n F o rm 8 -K a n d o th e rfilin g s,w h ic h h a v e b e e n file d b y WS F S a n d B e n e fic ia l w ith th e U.S.S e c u ritie s a n d E x c h a n g e C o m m is s io n (th e S E C )a n d a re a v a ila b le o n th e S E C s w e b s ite a tw w w.s e c.g o v.a l fo rw a rd -lo o k in g s ta te m e n ts,e x p re s s e d o rim p lie d,in c lu d e d in th is p re s e n ta tio n a re e x p re s s ly q u a lifie d in th e ire n tire ty b y th e c a u tio n a ry s ta te m e n ts c o n ta in e d o re fe re d to h e re in.t h e a c tu a l re s u lts o rd e v e lo p m e n ts a n tic ip a te d m a y n o tb e re a liz e d o r,e v e n ifs u b s ta n tia ly re a liz e d,th e y m a y n o th a v e th e e x p e c te d c o n s e q u e n c e s to o re fe c ts o n WS F S,B e n e fic ia l o rth e ire s p e c tiv e b u s in e s s e s o ro p e ra tio n s.we c a u tio n re a d e rs n o to p la c e u n d u e re lia n c e o n a n y s u c h fo rw a rd -lo o k in g s ta te m e n ts,w h ic h s p e a k o n ly a s o fth e d a te o n w h ic h th e y a re m a d e.n e ith e rws F S n o rb e n e fic ia l u n d e rta k e s a n y o b lig a tio n,a n d s p e c ific a ly d e c lin e s a n y o b lig a tio n,to re v i s e o ru p d a te a n y fo rw a rd -lo o k in g s ta te m e n ts,w h e th e ra s a re s u lto fn e w in fo rm a tio n,fu tu re d e v e lo p m e n ts o ro th e rw is e.f o rw a rd -L o o k in g S ta te m e n ts 2

9 Im p o rta n ta d d itio n a l In fo rm a tio n w il b e F ile d w ith th e S E C T h is p re s e n ta tio n d o e s n o tc o n s titu te a n o fe rto s e l o rth e s o lic ita tio n o fa n o fe rto b u y a n y s e c u ritie s o ra s o lic ita tio n o fa n y v o te o ra p p ro v a l w ith re s p e c to th e p ro p o s e d a c q u is itio n b y WS F S o fb e n e fic ia l.n o o fe ro fs e c u ritie s s h a l b e m a d e e x c e p tb y m e a n s o fa p ro s p e c tu s m e e tin g th e re q u ire m e n ts o fth e S e c u ritie s A c to f ,a s a m e n d e d,a n d n o o fe rto s e l o rs o lic ita tio n o fa n o fe rto b u y s h a l b e m a d e in a n y ju ris d ic tio n in w h ic h s u c h o fe r,s o lic ita tio n o rs a le w o u ld b e u n la w fu l.in c o n n e c tio n w ith th e p ro p o s e d tra n s a c tio n,ws F S w file w ith th e S E C a R e g is tra tio n S ta te m e n to n F o rm S -4 th a tw il in c lu d e a jo in tp ro x y s ta te m e n to fws F S a n d B e n e fic ia l a n d a p ro s p e c tu s o fws F S (th e J o in tp ro x y /P ro s p e c tu s ),a n d e a c h o fws F S a n d B e n e fic ia l m a y fi le w ith th e S E C o th e re le v a n td o c u m e n ts c o n c e rn in g th e p ro p o s e d tra n s a c tio n.t h e d e fin itiv e J o in tp ro x y /P ro s p e c tu s w il b e m a ile d to s to c k h o ld e rs o fws F S a n d B e n e fic ia l.s T O C K H O L D E R S A R E U R G E D T O R E A D T H E R E G IS T R A T IO N S T A T E M E N T A N D T H E J O IN T P R O X Y /P R O S P E C T U S R E G A R D IN G T H E T R A N S A C T IO N C A R E F U L L Y A N D IN T H E IR E N T IR E T Y WH E N T H E Y B E C O M E A V A IL A B L E A N D A N Y O T H E R R E L E V A N T D O C U M E N T S F IL E D WIT H T H E S E C B Y WS F S A N D B E N E F IC IA L,A S WE L L A S A N Y A M E N D M E N T S O R S U P P L E M E N T S T O T H O S E D O C U M E N T S,B E C A U S E T H E Y WIL L C O N T A IN IM P O R T A N T IN F O R M A T IO N A B O U T T H E P R O P O S E D T R A N S A C T IO N.F re e c o p ie s o fth e R e g is tra tio n S ta te m e n ta n d th e J o in tp ro x y /P ro s p e c tu s,a s w e l a s o th e rfilin g s c o n ta in in g in fo rm a tio n a b o u tws F S a n d B e n e fic ia l,m a y b e o b ta in e d a th e S E C s w e b s ite (h tp :/w w w.s e c.g o v )w h e n th e y a re file d.y o u w il a ls o b e a b le to o b ta in th e s e d o c u m e n ts,w h e n th e y a re file d,fre e o fc h a rg e,b y d ire c tin g a re q u e s to WS F S F in a n c ia l C o rp o ra tio n,ws F S B a n k C e n te r,5 0 0 D e la w a re A v e n u e,wilm in g to n,d e la w a re o rb y d ire c tin g a re q u e s to B e n e fic ia l B a n c o rp,in c.,b e n e fic ia l B a n k P la c e, M a rk e ts tre e t,p h i la d e lp h ia,p e n n s y lv a n ia P a rtic ip a n ts in th e S o lic ita tio n WS F S,B e n e fic ia l a n d c e rta in o fth e ire s p e c tiv e d ire c to rs,e x e c u tiv e o fic e rs a n d e m p lo y e e s m a y b e d e e m e d to b e p a rtic ip a n ts in th e s o lic ita tio n o fp ro x ie s fro m th e s to c k h o ld e rs o fws F S o rb e n e fic ia l in re s p e c to fth e p ro p o s e d tra n s a c tio n.in fo rm a tio n a b o u tws F S s d ire c to rs a n d e x e c u tiv e o fic e rs is a v a ila b le in its p ro x y s ta te m e n tfo rits a n n u a l m e e tin g o fs to c k h o ld e rs,w h ic h w a s file d w ith th e S E C o n M a rc h 2 3, ,a n d in fo rm a tio n re g a rd in g B e n e fic ia l s d ire c to rs a n d e x e c u tiv e o fic e rs is a v a ila b le in its p ro x y s ta te m e n tfo rits a n n u a l m e e tin g o fs to c k h o ld e rs,w h ic h w a s file d w ith th e S E C o n M a rc h 8, In fo rm a tio n re g a rd in g th e p e rs o n s w h o m a y,u n d e rth e ru le s o fth e S E C,b e d e e m e d p a rtic ip a n ts in th e p ro x y s o lic ita tio n a n d a d e s c rip tio n o fth e ird ire c ta n d in d ire c tin te re s ts,b y s e c u rity h o ld in g s o ro th e rw is e,w il b e c o n ta in e d in th e J o in tp ro x y /P ro s p e c tu s a n d o th e re le v a n tm a te ria ls to b e file d w ith th e S E C w h e n th e y b e c o m e a v a ila b le.f re e c o p ie s o fth is d o c u m e n tm a y b e o b ta in e d a s d e s c rib e d in th e p re c e d in g p a ra g ra p h.3 A d d itio n a l In fo rm a tio n & P a rtic ip a n ts in th e s o lic ita tio n

10 N o n -G A A P In fo rm a tio n T h is p re s e n ta tio n c o n ta in s fin a n c ia l in fo rm a tio n a n d p e rfo rm a n c e m e a s u re s d e te rm in e d b y m e th o d s o th e rth a n in a c c o rd a n c e w ith a c c o u n tin g p rin c ip le s g e n e ra ly a c c e p te d in th e U n ite d S ta te s ( G A A P ).T h e C o m p a n y s m a n a g e m e n tb e lie v e s th a th e s e n o n -G A A P m e a s u re s p ro v id e a g re a te ru n d e rs ta n d in g o fo n g o in g o p e ra tio n s,e n h a n c e c o m p a ra b ility o fre s u lts o fo p e ra tio n s w ith p rio rp e rio d s a n d s h o w th e e fe c ts o fs ig n ific a n tg a in s a n d c h a rg e s in th e p e rio d s p re s e n te d.t h e C o m p a n y s m a n a g e m e n tb e lie v e s th a tin v e s to rs m a y u s e th e s e n o n -G A A P m e a s u re s to a n a ly z e th e C o m p a n y s fin a n c ia l p e rfo rm a n c e w ith o u th e im p a c to fu n u s u a l ite m s o re v e n ts th a tm a y o b s c u re tre n d s in th e C o m p a n y s u n d e rly in g p e rfo rm a n c e.t h is n o n -G A A P d a ta s h o u ld b e c o n s id e re d in a d d itio n to re s u lts p re p a re d in a c c o rd a n c e w ith G A A P,a n d is n o ta s u b s titu te fo r,o rs u p e rio rto,g A A P re s u lts.f o ra re c o n c ilia tio n o fth e s e n o n -G A A P m e a s u re s to th e irc o m p a ra b le G A A P m e a s u re s,s e e A p p e n d ix 3.T h e fo lo w in g a re th e n o n -G A A P m e a s u re s u s e d in th is p re s e n ta tio n : C o re n e tin c o m e is a n o n -G A A P m e a s u re th a ta d ju s ts n e tin c o m e d e te rm in e d in a c c o rd a n c e w ith G A A P to e x c lu d e th e im p a c to fs e c u ritie s g a in s,u n re a liz e d g a in s,re c o v e ry o f/p ro v is io n fo rfra u d lo s s a n d c o rp o ra te d e v e lo p m e n tc o s ts C o re n o n in te re s tin c o m e,a ls o c a le d c o re fe e in c o m e,is a n o n -G A A P m e a s u re th a ta d ju s ts n o n in te re s t in c o m e a s d e te rm in e d in a c c o rd a n c e w ith G A A P to e x c lu d e th e im p a c to fs e c u ritie s g a in s (lo s s e s )a n d u n re a liz e d g a in s C o re e a rn in g s p e rs h a re (E P S )is a n o n -G A A P m e a s u re th a td iv id e s (i)c o re n e tin c o m e b y (i)w e ig h te d a v e ra g e s h a re s o fc o m m o n s to c k o u ts ta n d in g fo rth e a p p lic a b le p e rio d C o re n e tre v e n u e is a n o n -G A A P m e a s u re th a tis d e te rm in e d b y a d d in g c o re n e tin te re s tin c o m e p lu s c o re n o n in te re s tin c o m e C o re n o n in te re s te x p e n s e is a n o n -G A A P m e a s u re th a ta d ju s ts n o n in te re s te x p e n s e a s d e te rm in e d in a c c o rd a n c e w ith G A A P to e x c lu d e c o rp o ra te d e v e lo p m e n te x p e n s e s,a n d re c o v e ry o fp ro v is io n fo rfra u d lo s s C o re e fic ie n c y ra tio is a n o n -G A A P m e a s u re th a tis d e te rm in e d b y d iv id in g c o re n o n in te re s te x p e n s e b y th e s u m o fc o re in te re s tin c o m e a n d c o re n o n in te re s tin c o m e C o re fe e in c o m e to to ta l re v e n u e is a n o n -G A A P m e a s u re th a td iv id e s (i)c o re n o n in te re s tin c o m e b y (i)(ta x e q u iv a le n t)c o re n e tin te re s tin c o m e a n d c o re n o n in te re s tin c o m e C o re re tu rn o n a s s e ts (R O A )is a n o n -G A A P m e a s u re th a td iv id e s (i)c o re n e tin c o m e b y (i)a v e ra g e a s s e ts fo rth e a p p lic a b le p e rio d C o re a n d S u s ta in a b le R O A is a n o n -G A A P m e a s u re th a td iv id e s (i)n e tin c o m e d e te rm in e d in a c c o rd a n c e w ith G A A P a n d a d ju s tin g itb y ta k in g c o re n e tin c o m e a n d n o rm a liz in g fo rlo n g -te rm c re d itc o s ts,n o n -re c u rin g a c c re tio n fro m p u rc h a s e d c re d itim p a ire d lo a n s ( P C I ),a n d a n o rm a l ta x ra te b y (i)a v e ra g e a s s e ts fo rth e a p p lic a b le p e rio d T a n g ib le c o m m o n e q u ity is a n o n -G A A P m e a s u re a n d is d e fin e d a s to ta l a v e ra g e s to c k h o ld e rs e q u ity le s s g o o d w il,o th e rin ta n g ib le a s s e ts R e tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity (R O T C E )is a n o n -G A A P m e a s u re a n d is d e fin e d a s n e tin c o m e a lo c a b le to c o m m o n s to c k h o ld e rs d iv id e d b y ta n g ib le c o m m o n e q u ity 4

11 x T h e o n ly c o m m u n ity b a n k w ith s c a le (# 6 m a rk e ts h a re )a n d a fu l s e rv ic e p ro d u c to fe rin g in th e P h ila d e lp h ia -C a m d e n -Wilm in g to n M S A x T ra n s fo rm a tio n a l in v e s tm e n tin te c h n o lo g y a n d d e liv e ry c a p a b ilitie s to p ro v id e to p -tie rc u s to m e re x p e rie n c e in a ra p id ly c h a n g in g b a n k in g la n d s c a p e D e la w a re V a le y s P re m ie rc o m m u n ity B a n k 5 $ 7.1 b n in a s s e ts Wilm in g to n,d E F o u n d e d O ld e s ta n d la rg e s tin d e p e n d e n tc o m m u n ity b a n k a n d tru s tc o m p a n y h e a d q u a rte re d in th e D e la w a re V a le y 7 7 o fic e s p re d o m in a n tly in D e la w a re a n d S o u th e a s te rn P e n n s y lv a n ia M a jo rb u s in e s s L in e s : C o m m e rc ia l R e ta il M o rtg a g e We a lth M a n a g e m e n t C a s h C o n n e c ta w a rd Win n in g Wo rk P la c e $ 5.8 b n in a s s e ts P h ila d e lp h ia,p A F o u n d e d O ld e s ta n d la rg e s tin d e p e n d e n tc o m m u n ity b a n k h e a d q u a rte re d in P h ila d e lp h ia 7 2 o fic e s p re d o m in a n tly in P h ila d e lp h ia a n d n e ig h b o rin g N e w J e rs e y a n d S o u th e a s te rn P e n n s y lv a n ia c o u n tie s M a jo rb u s in e s s L in e s : C o m m e rc ia l R e ta il M o rtg a g e L e a s in g A w a rd Win n in g Wo rk P la c e

12 C o m p e lin g M a rk e to p p o rtu n ity 6 A t$ 1 3 b ilio n in a s s e ts,th e c o m b in e d b a n k fils a lo n g -s ta n d in g s e rv ic e g a p in th e D e la w a re V a le y m a rk e tb e tw e e n la rg e re g io n a l /n a tio n a l b a n k s a n d s m a le rc o m m u n ity b a n k s 5 th la rg e s td e p o s ito ry M S A in th e U.S. O v e r2.5 x th e m a rk e ts h a re o fth e n e x tla rg e s tlo c a l c o m m u n ity b a n k WS F S 5 -y e a rc o m p o u n d a n n u a l d e p o s itg ro w th ra te o f9.5 % v s.a n a n n u a l a v e ra g e o f3.5 % fo rth e M S A WS F S is filin g th e s e rv ic e g a p le ftb y th e a c q u is itio n s o fo rm e ric o n ic lo c a l b a n k s b y la rg e ro u t-o f-m a rk e tb a n k s P h ila d e lp h ia -C a m d e n -Wilm in g to n D e p o s itm a rk e ts h a re In s titu tio n T o ta l D e p o s its ($ m m )M a rk e ts h a re (%)1 We ls F a rg o B a n k,n A 3 1, T D B a n k,n A 2 9, P N C B a n k,n A 1 7, C itiz e n s B a n k 1 5, B a n k o fa m e ric a,n A 1 4, P ro F o rm a WS F S /B N C L 8, M & T B a n k 7, B B & T 5, Wilm in g to n S a v in g s F u n d S o c ie ty,f S B 4, B e n e fic ia l B a n k 3, T h e B ry n M a w rt ru s tc o m p a n y 3, U n iv e s tb a n k a n d T ru s tc o.2, F u lto n B a n k 2, K e y B a n k N A 2, S a n ta n d e rb a n k,n.a.2, F irs tru s ts a v in g s B a n k 2, R e p u b lic B a n k 1, In v e s to rs B a n k 1, C u s to m e rs B a n k 1, P e n n C o m m u n ity B a n k 1, D N B F irs t,n A T o ta l In s titu tio n s in M a rk e t1 5 8,1 6 7 M a rk e tp o s itio n F o rm e ric o n ic D e la w a re V a le y B a n k s M a rk e ts h a re d a ta a s o fj u n e 3 0, ;S o u rc e :F D IC N o te :M a rk e ts h a re d a ta e x c lu d e s b ro k e re d d e p o s its a n d n o n -tra d itio n a l b a n k s (e.g.c re d itc a rd c o m p a n ie s )

13 L e a d in g M a rk e tp o s itio n in D e m o g ra p h ic a ly -R o b u s tr e g io n 7 3 rd la rg e s tm e tro in th e N o rth e a s t $ b ilio n re g io n a l e c o n o m y 5 th la rg e s td e p o s ito ry M S A in th e U.S. 8 th la rg e s tm S A p o p u la tio n in th e U.S. M e d ia n h o u s e h o ld in c o m e o f$ 7 1 k v e rs u s n a tio n a l m e d ia n o f$ 6 1 k 2 0 0, o p e ra tin g b u s in e s s e s 4 th la rg e s tu n iv e rs ity p o p u la tio n a m o n g a l U.S.m e tro a re a s M a jo rtra n s p o rta tio n h u b,c o n v e n ie n tly lo c a te d a lo n g I-9 5 c o rid o r,a m tra k s N o rth e a s tr e g io n a l L in e,a n d h o m e to th e P h ila d e lp h ia In te rn a tio n a l A irp o rtn e w J e rs e y 2 5 M ile s S o u rc e s :S & P G lo b a l M a rk e tin te lig e n c e,s e le c tg re a te rp h ila d e lp h ia C o u n c il

14 T ra n s a c tio n S u m m a ry N e g o tia te d D e a l C o m b in e s T w o S tro n g C o m m u n ity B a n k s 8 T ra n s a c tio n V a lu e & C o n s id e ra tio n P ro F o rm a O w n e rs h ip H e a d q u a rte rs S e n io rm a n a g e m e n te x p e c te d C lo s in g (a )B a s e d o n WS F S c lo s in g p ric e a s o fa u g u s t7, o f$ (b )B a s e d o n c o n s e n s u s a n a ly s te s tim a te s P e rs h a re :$ ,A g g re g a te :$ b ilio n (a ) $ o fc a s h a n d WS F S s h a re s A p p ro x im a te ly 8 5 % WS F S C o m m o n S to c k,1 5 % C a s h B N C L o p tio n s w il b e c a s h e d o u t P /T B V : %,P / E (b ):3 5.9 x,c o re D e p o s itp re m iu m :1 5.4 % ~ 6 0 % WS F S s h a re h o ld e rs /~ 4 0 % B N C L s h a re h o ld e rs Q ,s u b je c to s h a re h o ld e ra n d re g u la to ry a p p ro v a ls Wilm in g to n,d E,w ith a s ig n ific a n tp re s e n c e in P h ila d e lp h ia,p A M a rk A.T u rn e r,e x e c u tiv e C h a irm a n R o d g e rl e v e n s o n,p re s id e n ta n d C E O G e ra ld P.C u d d y,v ic e C h a irm a n o fws F S B a n k E n tire B N C L s e n io rte a m (8 )u n d e rc o n tra c th ro u g h m id B o a rd o fd ire c to rs G e ra rd P.C u d d y a n d 2 a d d itio n a l B N C L D ire c to rs to jo in WS F S B o a rd

15 T e c h n o lo g ic a l a d v a n c e s a n d c h a n g in g c u s to m e rp re fe re n c e s a re ra p id ly d is ru p tin g th e tra d itio n a l b a n k in g m o d e l a s e v id e n c e d b y th e s ig n ific a n tre d u c tio n o fb ra n c h tra fic a n d tra n s a c tio n v o lu m e,a lo n g w ith e n h a n c e m e n ts a n d c u s to m e ra d o p tio n o fd ig ita l c h a n n e ls a n d fin -te c h p la tfo rm s 8 1 % o fc o n s u m e rs a re u s in g d ig ita l c h a n n e ls to e n g a g e w ith th e irb a n k 6 0 %+ w a n to o p e n a b a n k a c c o u n t,ta k e a lo a n,o ra p p ly fo ra m o rtg a g e v ia d ig ita l c h a n n e l 6 3 % th in k e x p e rie n c e is th e m o s tim p o rta n tc o n s id e ra tio n w h e n o p e n in g a b a n k a c c o u n t With in th e n e x tfiv e y e a rs,d ig ita l s a le s h a v e th e p o te n tia l to a c c o u n tfo r4 0 % o rm o re o fn e w in flo w re v e n u e in th e m o s tp ro g re s s iv e g e o g ra p h ie s a n d c u s to m e rs e g m e n ts D e liv e ry T ra n s fo rm a tio n 9 D is ru p tiv e B a n k in g L a n d s c a p e S o u rc e s :O ra c le :T h e N e w D ig ita l D e m a n d a n d R e ta il B a n k in g,s & P G lo b a l M a rk e tin te lig e n c e,m c K in s e y :S tra te g ic C h o ic e s fo rb a n k s in th e D ig ita l A g e,j P M o rg a n A n n u a l L e te r,c N B C In te rv ie w o fb ria n M o y n ih a n T h e re a s o n s w e in v e s ts o m u c h in te c h n o lo g y (w h e th e rit s d ig ita l,b ig d a ta o rm a c h in e le a rn in g )a re s im p le :to b e n e fitc u s to m e rs w ith b e te r,fa s te ra n d o fte n c h e a p e rp ro d u c ts a n d s e rv ic e s,to re d u c e e ro rs a n d to m a k e th e firm m o re e fic ie n t -J a m ie D im o n,j P M o rg a n C h a s e We h a v e 3 5 m ilio n d ig ita l c u s to m e rs.2 5 m ilio n p lu s m o b ile c u s to m e rs a n d y o u k n o w w e h a v e 5 0 m ilio n c u s to m e rs,s o w e h a v e p e n e tra tio n ra te s w h e re re a ly e v e ry o n e is u s in g it B ria n M o y n ih a n,b a n k o fa m e ric a

16 D e liv e ry T ra n s fo rm a tio n 1 0 T h e c o m b in e d p la tfo rm c re a te s a n id e a l o p p o rtu n ity to e v a lu a te th e e x p a n d e d b ra n c h n e tw o rk a n d s c a le in v e s tm e n tin to c o m p le m e n ta ry d ig ita l c a p a b ilitie s w ith th e o b je c tiv e o fd e v e lo p in g a to p -tie r,h ig h ly c o m p e titiv e o m n i -c h a n n e l d e liv e ry p la tfo rm In c re m e n ta l in v e s tm e n to f$ 3 2 m ilio n o v e rth e n e x t5 y e a rs in to d ig ita l d e liv e ry in itia tiv e s ta rg e te d a c ro s s fo u rm a jo ra re a s,re p re s e n tin g ~ 3 x WS F S n o n -ro u tin e a n n u a l te c h n o lo g y e x p e n s e s In v e s tm e n tfu n d e d fro m ~ 5 0 % o fth e s a v in g s fro m c o n s o lid a tin g ~ 2 5 % o fth e c o m b in e d b ra n c h n e tw o rk C u s to m e re x p e rie n c e L e a d in g -e d g e,p ro v e n,c u s to m e r-fo c u s e d in itia tiv e s to d e liv e ra s e a m le s s c u s to m e re x p e rie n c e P e e r-to -p e e rp a y m e n ts P e rs o n a l fin a n c ia l m a n a g e m e n t S tre a m lin e d a c c o u n to p e n in g R is k M a n a g e m e n te n h a n c in g s e c u rity a n d p riv a c y fo ro u rc u s to m e rs a s tru s tis a to p p rio rity A d v a n c e d c y b e rs e c u rity R e a l -tim e fra u d a le rts In te g ra te d in te rn a l c o n tro l m o n ito rin g N e x tg e n e ra tio n p la tfo rm fo ra n in te g ra te d a rc h ite c tu re C R M D a ta w a re h o u s e C u s to m e rin te lig e n c e D a ta P la tfo rm S ta n d a rd iz e a n d d ig itiz e p ro c e s s e s to re d u c e c o s ta n d im p ro v e e fic ie n c y E n te rp ris e d o c u m e n tim a g in g B a c k o fic e a u to m a tio n & s tre a m lin in g A s s o c ia te k n o w le d g e p la tfo rm Wo rk flo w A u to m a tio n In te g ra te d O m n i -C h a n n e l P la tfo rm O p p o rtu n ity fo rd e liv e ry T ra n s fo rm a tio n

17 C o s ts a v in g s fro m tra d itio n a l s y n e rg ie s a n d d e liv e ry tra n s fo rm a tio n a re p h a s e d in a t5 0 %,9 0 %,a n d % fo r , ,a n d K e y M o d e l D e ta ils 1 1 T ra d itio n a l S y n e rg ie s M e rg e r& R e s tru c tu rin g C o s ts $ m ilio n a n n u a l fro m n o n -b ra n c h o p e ra tio n s a n d p e rs o n n e l $ m ilio n a n n u a l e x p e n s e s re la te d to B N C L s p u b lic o fe rin g (b )D e liv e ry T ra n s fo rm a tio n $ m ilio n o fa d d itio n a l a n n u a l c o s ts a v in g s fro m b ra n c h c o n s o lid a tio n s 3 6 % fro m p ro x im ity,6 4 % fro m b ra n c h o p tim iz a tio n 3 0 n e tb ra n c h e s c o n s o lid a te d (~ 2 5 % o fc o m b in e d n e tw o rk ) In c re m e n ta l $ m ilio n te c h n o lo g y in v e s tm e n to v e ra 5 y e a rp e rio d ;~ 5 0 % o fb ra n c h s a v in g s $ m ilio n w ith a n a d d itio n a l $ 2 9 m ilio n o fc a p ita liz e d e x p e n s e s,to ta l $ m ilio n S o m e o fth e s e in c re m e n ta l c o s ts a re a s s o c ia te d w ith d e liv e ry tra n s fo rm a tio n a n d te c h n o lo g ic a l in v e s tm e n ts N o te :A s s u m e s m a rg in a l e fe c tiv e ta x ra te o f2 6 % a n d C o re D e p o s itin ta n g ib le e q u a l to % B N C L s N o n -T im e D e p o s its (a )P e rc e n ta g e o fb N C L Y T D a n n u a liz e d n o n -in te re s te x p e n s e o f$ m ilio n (b )R e fle c ts a c c e le ra tio n o fc e rta in c o s ts re la te d to B N C L s fu l c o n v e rs io n to a p u b lic c o m p a n y in % (a )8 % (a )C o s ts a v in g s R e a liz a tio n C ro s s in g $ 1 0 b n $ 1 1 m ilio n ($ m ilio n D u rb in re la te d )a n n u a l p re -ta x e a rn in g s lo s s s ta rtin g Q

18 H ig h V a lu e /L o w R is k T ra n s a c tio n 1 2 F in a n c ia l M e tric s L o w R is k T ra n s a c tio n N e g o tia te d d e a l;7 0 + d a y jo in te v a lu a tio n a n d d u e d ilig e n c e p ro c e s s in c lu d in g th o ro u g h in te g ra tio n a n d c o n v e rs io n p la n n in g H ig h le v e l m a n a g e m e n ta lig n m e n t,c o n tin u ity,a n d b u y -in th ro u g h o u th e c o m b in e d o rg a n iz a tio n.m a n a g e m e n th a s a n in tim a te k n o w le d g e o fc o m b in e d m a rk e ts B o th in s titu tio n s h a v e s tro n g re g u la to ry s ta n d in g s B e n e fic ia l s c a s h a n d liq u id ity p o s itio n im p ro v e s WS F S o v e ra liq u id ity a n d e a rn in g s p o te n tia l D iv e rs ifie d p ro fo rm a lo a n p o rtfo lio a n d c o m p le m e n ta ry lo w c o s t,c o re d e p o s itb a s e WS F S m a n a g e m e n te a m h a s a p ro v e n tra c k re c o rd o fs u c c e s s fu ly in te g ra tin g re c e n ta c q u is itio n s a n d b e a tin g e x p e c te d re s u lts ;a s e v id e n c e d b y a b o v e p e e rr O A A o f1.6 5 % re p o rte d in Q B e n e fic ia l C o m b in a tio n D e liv e ry T ra n s fo rm a tio n P ro F o rm a Im p a c t E P S A c c re tio n 5.4 %(1.2 %)4.2 % E P S A c c re tio n 8.7 %(0.7 %)8.0 % T B V D ilu tio n (a )(3.2 %)(1.1 %)(4.3 %)T B V E a rn b a c k (Y e a rs )(a )2.8 N /A 3.7 IR R 1 9 %(a )B a s e d o n C ro s s -O v e rm e th o d w ith % o fn o n -c a p ita liz e d o n e -tim e e x p e n s e s a tc lo s e (b ) E P S a c c re tio n b a s e d o n c o n s e n s u s -e s tim a te s ; E P S a c c re tio n a s s u m e s E P S g ro w th ra te o f8 % fo re a c h c o m p a n y $ m ilio n o fid e n tifie d,a c h ie v a b le a n n u a l re v e n u e s y n e rg ie s n o tin c lu d e d in m o d e l.ifa c h ie v e d,re v e n u e s y n e rg ie s w o u ld re s u ltin % a c c re tio n to E P S a n d a re d u c tio n to th e T B V e a rn b a c k to 2.9 y e a rs.

19 $ 4.5 b n $ 4.8 b n $ 5.6 b n $ 6.8 b n $ 7.0 b n $ 7.2 b n $ -$ 1 3 b n % % % % % % % % % % % % % $ -$ 2,0 0 0 $ 4,0 0 0 $ 6,0 0 0 $ 8,0 0 0 $ 1 0,0 0 0 $ 1 2,0 0 0 $ 1 4,0 0 0 $ 1 6,0 0 0 $ 1 8, P la n T o ta l A s s e ts C o re & S u s ta in a b le R O A (a )H is to ry o fd e liv e rin g o n S tra te g ic P la n T a rg e ts 1 3 A c c e le ra te d s ig n ific a n tin v e s tm e n ts in in fra s tru c tu re,p e rs o n n e l,a n d a d d itio n a lin e s o fb u s in e s s to c a p ita liz e o n p o s tre c e s s io n o p p o rtu n itie s to e x p a n d m a rk e ts h a re a n d s ig n ific a n tly im p ro v e p ro fita b ility.a c c e le ra tin g s ig n ific a n tin v e s tm e n ts in in te g ra tio n,te c h n o lo g y,a n d d e liv e ry s y s te m s to p ro fita b ly e x p a n d m a rk e ts h a re a s th e p re m ie rc o m m u n ity b a n k in o u rm a rk e ta n d a d d re s s th e c h a n g in g n e e d s o fth e b a n k in g c u s to m e r.s tra te g ic m e rg e ra tio n a le is in lin e w ith WS F S p ro v e n s tra te g y o fa c c e le ra tin g in v e s tm e n ts p e n d in g o v e rth e s h o rt-te rm to d e liv e rs u p e rio rlo n g -te rm v a lu e c re a tio n P o s tr e c e s s io n In v e s tm e n t M e rg e r/d e liv e ry T ra n s fo rm a tio n (a )C o re a n d S u s ta in a b le R O A is a n o n -G A A P m e a s u re th a td iv id e s (i)n e tin c o m e d e te rm in e d in a c c o rd a n c e w ith G A A P a n d a d ju s tin g itb y ta k in g c o re n e tin c o m e a n d n o rm a liz in g fo rlo n g -te rm c re d itc o s ts,n o n -re c u rin g a c c re tio n fro m p u rc h a s e d c re d itim p a ire d lo a n s ( P C I ),a n d a n o rm a l ta x ra te b y (i)a v e ra g e a s s e ts.s e e p a g e 2 2 fo rg A A P re c o n c ilia tio n.a s s e ts

20 D e liv e rin g B e y o n d E x p e c ta tio n s,in c lu d in g o n M & A 1 4 WS F S m a n a g e m e n te a m h a s a h is to ry o fd e liv e rin g s u p e rio rs h a re h o ld e rv a lu e b y p e rfo rm in g b e y o n d e x p e c ta tio n s C h ris tia n a B a n k & T ru s tc o m p a n y A ra y F in a n c ia l /A ro w L a n d T ra n s fe r*f irs twy o m in g F in a n c ia l C o rp A lia n c e B a n c o rp P e n n L ib e rty F in a n c ia l C o rp P o w d e rm il F in a n c ia l S o lu tio n s *We s tc a p ita l M a n a g e m e n t*n A S D A Q B a n k C A G R :1 1 % T o ta l P ric e In c re a s e :1 5 1 % WS F S C A G R :2 4 % T o ta l P ric e In c re a s e :5 4 4 % J a n A u g N o te :re tu rn s b a s e d o n s to c k p ric e a p p re c ia tio n *N o n -b a n k fin a n c ia l a c q u is itio n

21 S tra te g ic U p s id e 1 5 S ig n ific a n to p p o rtu n ity to in c re a s e B e n e fic ia l s fe e in c o m e b y m a k in g a v a ila b le WS F S fu l s u ite o fe e -b a s e d p ro d u c ts a n d s e rv ic e s WS F S Q 2 Y T D fe e in c o m e ra tio o f3 6 %,B N C L Q 2 Y T D fe e in c o m e ra tio o f1 4 % T ra d itio n a l b a n k in g fe e re v e n u e,in c lu d in g c re d itc a rd s F u l s e rv ic e w e a lth m a n a g e m e n to fe rin g M o rtg a g e T ra n s itio n fro m o rig in a te to h o ld to o rig in a te to s e l,g e n e ra tin g a d d itio n a l fe e in c o m e C a p ita l M a n a g e m e n to p p o rtu n ity to e x p a n d n e tin te re s tm a rg in WS F S Q 2 Y T D N IM %,B N C L Q 2 Y T D N IM % T ra n s itio n in g m o rtg a g e m o d e l O p tim iz in g d e p o s itm ix F u rth e rp ric in g d is c ip lin e p o s s ib le d u e to WS F S h ig h s e rv ic e m o d e l In c re a s e d re la tio n s h ip b a s e d C & Ia s s e ts le a d in g to h ig h e ry ie ld s N e tin te re s tm a rg in F e e In c o m e C o m b in e d in s titu tio n w il g e n e ra te h ig h le v e ls o fe a rn in g s th a tw il b e e fic ie n tly d e p lo y e d c o n s is te n tw ith WS F S c a p ita l m a n a g e m e n tp h ilo s o p h y WS F S Q 2 Y T D C o re R O A T C E (b )o f1 9.9 %,B N C L Q 2 Y T D C o re R O A T C E (b )o f5.2 % T a rg e te d T C E le v e ls b e tw e e n 7 %-8 % R e tu rn a tle a s t2 5 % o fe a rn in g s th ro u g h a c o m b in a tio n o fp u rp o s e fu ly lo w d iv id e n d s a n d a c tiv e b u y b a c k s B y im p ro v in g B e n e fic ia l s fe e in c o m e ra tio to th e a v e ra g e o fo u rp e e rg ro u p (a )(~ 2 0 %),~ $ 1 6 m m o fa n n u a l re v e n u e c o u ld b e a d d e d E v e ry 2 5 b p s e x p a n s io n a b o v e B N C L s c u re n tn IM w o u ld p ro v id e ~ $ m ilio n in a d d itio n a l a n n u a l re v e n u e S ig n ific a n ts tra te g ic u p s id e w ith th e p o te n tia l to d riv e $ m ilio n o fa d d itio n a l a n n u a l re v e n u e (n o tm o d e le d )w ith fu rth e ru p s id e fro m d is c ip lin e d c a p ita l m a n a g e m e n t(a )C o n s is ts o fe a g le B a n c o rp,b ry n M a w rb a n k,o c e a n F irs tf in a n c ia l,b a n k o fp rin c e to n,s h o re B a n c s h a re s,u n iv e s t,s a n d y S p rin g,p e a p a c k -G la d s to n e,f u lto n F in a n c ia l,d N B F in a n c ia l,a n d C u s to m e rs B a n c o rp (b )C o re R O A T C E is a n o n -G A A P fin a n c ia l m e a s u re a n d s h o u ld b e c o n s id e re d a lo n g w ith re s u lts p re p a re d in a c c o rd a n c e w ith G A A P,a n d n o ta s a s u b s titu te fo rg A A P re s u lts.s e e p a g e 2 2 fo ra re c o n c ilia tio n to G A A P fin a n c ia l in fo rm a tio n.

22 R a tio n a le fo rc o m b in a tio n & D e liv e ry T ra n s fo rm a tio n th la rg e s td e p o s ito ry M S A 6 th la rg e s tb a n k in M S A b y d e p o s itm a rk e ts h a re C o n s is te n tra c k re c o rd o fd e liv e rin g s u s ta in a b le h ig h p e rfo rm a n c e P ro v e n a b ility to c a p tu re m a rk e ts h a re fro m la rg e rb a n k s P re m ie rl o c a ly H e a d q u a rte re d C o m m u n ity B a n k fo rth e D e la w a re V a le y C o n s o lid a tin g ~ 2 5 % o fc o m b in e d b ra n c h in fra s tru c tu re In c re m e n ta l re -in v e s tm e n to f~ $ 3 2 m ilio n (5 0 % o fb ra n c h o p tim iz a tio n )in te c h n o lo g y a c ro s s th e fra n c h is e to c re a te to p -tie rc u s to m e re x p e rie n c e a n d b a c k -o fic e e fic ie n c ie s L a rg e S c a le D e liv e ry T ra n s fo rm a tio n 8.0 % E P S a c c re tio n 4.3 % d ilu tio n to T B V /3.7 y e a re a rn b a c k 1 9 % IR R C re a te s o p p o rtu n ity to g e n e ra te % C o re & S u s ta in a b le R O A o n $ b n in a s s e ts F a v o ra b le F in a n c ia l Im p a c t R e v e n u e o p p o rtu n itie s a re q u a n tifie d b u tn o tin c lu d e d in b a s e m o d e l P o te n tia l to g e n e ra te $ m ilio n o fp o te n tia l a d d itio n a l a n n u a l re v e n u e re s u ltin g in % E P S a c c re tio n & 2.9 y e a rt B V e a rn b a c k S ig n ific a n tr e v e n u e O p p o rtu n itie s C o m b in a tio n p ro v id e s th e s c a le to v a u ltp a s th e $ 1 0 b ilio n re g u la to ry h u rd le in a n e c o n o m ic a l w a y % E P S a c c re tio n w ith o u tim p a c to fd u rb in V a u lto v e r$ 1 0 B ilio n T h o ro u g h in te g ra tio n a n d c o n v e rs io n p la n n in g o v e r7 0 + d a y p e rio d S tro n g re g u la to ry s ta n d in g s WS F S s u c c e s s fu l re c o rd o fm & A ;M a n a g e m e n t s in tim a te k n o w le d g e o fc o m b in e d m a rk e ts L o w R is k T ra n s a c tio n

23 S u m m a ry 1 7 T h e WS F S c o m b in a tio n w ith B e n e fic ia l a n d D e liv e ry T ra n s fo rm a tio n o fth e re s u ltin g $ 1 3 b ilio n a n d g ro w in g fra n c h is e c re a te s th e o n ly c o m m u n ity b a n k in th e d e m o g ra p h ic a ly -ro b u s td e la w a re V a le y w ith th e s c a le a n d d e liv e ry c a p a b ilitie s to d riv e s u s ta in a b le to p -q u in tile p e rfo rm a n c e a to ra b o v e WS F S c u re n tr O A A a n d R O A T C E m e tric s.

24 A p p e n d ix

25 T h o ro u g h D u e D ilig e n c e P ro c e s s & In te g ra tio n P la n 1 9 O v e rv ie w C re d itq u a lity a n d B a la n c e S h e e tc o m p lia n c e,r e g u la to ry,a n d R is k In te g ra tio n P la n n in g -C u re n ta lig n m e n to fp la tfo rm s -F irs th a lf F u l In te g ra tio n -S e c o n d h a lf C o m p re h e n s iv e d u e d ilig e n c e c o o rd in a te d a n d le d b y k e y e x e c u tiv e s K e y fo c u s a re a s :C re d itq u a lity,c o m p lia n c e,r is k,t e c h n o lo g y,o p e ra tio n s,l e g a l,a n d R e g u la to ry F u l e n g a g e m e n to fe x te rn a l c o u n s e l,fin a n c ia l a d v is o rs,a n d 3 rd p a rtie s c o n s u lta n ts fo rlo a n re v ie w,in te g ra tio n,a n d D e liv e ry T ra n s fo rm a tio n S tro n g c re d itc u ltu re a n d d is c ip lin e d u n d e rw ritin g a lig n e d w ith o u rs ta n d a rd s L o a n re v ie w e n c o m p a s s e d $ 1.4 B ;5 5 % o fto ta l c o m m e rc ia lo a n s E v a lu a te d c ro s s -s e c tio n o flo a n s fo c u s in g o n p e rc e iv e d h ig h e ris k a re a s E s tim a te d g ro s s c re d itm a rk o f$ m m o r1.9 % E s tim a te d in te re s tra te m a rk d o w n o f$ m m o r3.4 % ~ $ m m in liq u id ity to b e re d e p lo y e d a t~ b p s p re m iu m S tro n g re g u la to ry s ta n d in g in c lu d in g a n O u ts ta n d in g C R A R a tin g S tro n g c o m p lia n c e a n d ris k s y s te m s $ 1 1 m ilio n ($ m ilio n D u rb in re la te d )a n n u a l p re -ta x e a rn in g s lo s s b e g in n in g in Q 3 o f E s ta b lis h c o re p ro je c te a m C o m p le te d e ta ile d lin e o fb u s in e s s re v ie w s a n d p la n n in g D e v e lo p a d e ta ile d ro a d m a p fo rit a n d o p e ra tio n s s y s te m in te g ra tio n O u tlin e tim e lin e a n d d e ta ils o fd e liv e ry T ra n s fo rm a tio n a n d T e c h n o lo g y In v e s tm e n t A lig n s y s te m s a c ro s s k e y fo c u s a re a s U p d a te p o lic y a n d p ro c e d u re s In itia te u p d a te d m o n ito rin g a n d c o n tro ls Im p le m e n td e liv e ry T ra n s fo rm a tio n a n d te c h n o lo g y in v e s tm e n tp la n E x e c u te o n in te g ra tio n s tra te g y a n d c u s to m e rc o m m u n ic a tio n s M a n a g e a c q u ire d o p e ra tio n

26 H ig h Q u a lity L o a n & D e p o s itp o rtfo lio B a s e d o n Q B a la n c e S h e e ts 2 0 C o m b in e d T o ta l L o a n s :$ b n Y ie ld o n L o a n s :5.3 1 % T o ta l L o a n s :$ b n Y ie ld o n L o a n s :4.5 0 % T o ta l L o a n s :$ b n Y ie ld o n L o a n s :4.9 9 % D e p o s its :$ b n C o s to fd e p o s its :0.6 5 % D e p o s its :$ b n C o s to fd e p o s its :0.5 9 % D e p o s its :$ b n C o s to fd e p o s its :0.6 3 % N o n in te re s t-b e a rin g 2 7 % In te re s t-b e a rin g D e m a n d 1 8 % M M D A /S a v in g s 3 6 % T im e 1 3 % B ro k e re d 6 % N o n in te re s t-b e a rin g 2 1 % In te re s t-b e a rin g D e m a n d 2 1 % M M D A /S a v in g s 3 8 % T im e 1 6 % B ro k e re d 4 % N o n in te re s t-b e a rin g 1 4 % In te re s t-b e a rin g D e m a n d 2 6 % M M D A /S a v in g s 4 1 % T im e 1 9 % C & I(a )5 3 % C R E 2 4 % C o n s tru c tio n 6 % R e s id e n tia l 5 % C o n s u m e r1 2 % C & I(a )2 4 % C R E 3 3 % S m a l B u s in e s s L e a s e s 4 % C o n s tru c tio n 3 % R e s id e n tia l 2 4 % C o n s u m e r1 2 % C & I(a )4 0 % C R E 2 8 % S m a l B u s in e s s L e a s e s 2 % C o n s tru c tio n 5 % R e s id e n tia l 1 3 % C o n s u m e r1 2 % (a )In c lu d e s o w n e ro c c u p ie d C R E N o te :D o e s n o tin c lu d e p u rc h a s e a c c o u n tin g a d ju s tm e n ts

27 2 1 T ie r1 C o m m o n R a tio T o ta l C a p ita l R a tio T ie r1 R a tio L e v e ra g e R a tio C a p ita l O v e rv ie w We l C a p ita liz e d 6.5 % We l C a p ita liz e d 8.0 % We l C a p ita liz e d % We l C a p ita liz e d 5.0 % % % % WS F S 6 /3 0 / B N C L 6 /3 0 / P ro F o rm a a tc lo s e % % % WS F S 6 /3 0 / B N C L 6 /3 0 / P ro F o rm a a tc lo s e % % % WS F S 6 /3 0 / B N C L 6 /3 0 / P ro F o rm a a tc lo s e % % 9.5 % WS F S 6 /3 0 / B N C L 6 /3 0 / P ro F o rm a a tc lo s e H o ld in g C o m p a n y R a tio s

28 2 2 S u p p o rts C o re R O A T C E fig u re s o n p a g e 1 5 S ix m o n th s e n d e d J u n e 3 0, WS F S B N C L C a lc u la tio n o fre tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity :G A A P n e t(lo s s )in c o m e $ 6 6,0 9 0 $ 2 1,7 2 9 P lu s :T a x e fe c te d a m o rtiz a tio n o fin ta n g ib le a s s e ts 1, N e ta n g ib le in c o m e (n o n -G A A P )$ 6 7,1 7 4 $ 2 2,0 2 0 A v e ra g e s h a re h o ld e rs ' e q u ity $ 7 4 1,6 5 2 $ 1,0 1 5,9 8 4 L e s s :a v e ra g e g o o d w il a n d in ta n g ib le a s s e ts 1 8 7, ,2 8 9 N e ta v e ra g e ta n g ib le c o m m o n e q u ity $ 5 5 3,7 6 1 $ 8 4 4,6 9 5 R e tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity (n o n -G A A P )2 4.5 % 5.2 % C a lc u la tio n o fc o re re tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity :G A A P n e t(lo s s )in c o m e $ 6 6,0 9 0 $ 2 1,7 2 9 P lu s (le s s ):P re -ta x a d ju s tm e n ts :S e c u ritie s g a in s,u n re a liz e d g a in s,re c o v e ry o f/p ro v is io n fo rfra u d lo s s,a n d c o rp o ra te d e v e lo p m e n tc o s ts (1 6,5 7 5 )(1 2 3 )(P lu s )/le s s :T a x im p a c to fp re -ta x a d ju s tm e n ts 3, N o n -G A A P n e tin c o m e 5 3, ,6 3 5 P lu s :T a x e fe c te d a m o rtiz a tio n o fin ta n g ib le a s s e ts 1, C o re n e ta n g ib le in c o m e (n o n -G A A P )$ 5 4,5 6 2 $ 2 1,9 2 6 N e ta v e ra g e ta n g ib le c o m m o n e q u ity $ 5 5 3,7 6 1 $ 8 4 4,6 9 5 C o re re tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity (n o n -G A A P )1 9.9 % 5.2 % F Y 1 7 F Y 1 6 F Y 1 5 F Y 1 4 F Y 1 3 F Y 1 2 R e p o rte d (G A A P )R O A N o n -re c u rin g P C Ia c c re tio n (0.0 2 )L o n g -te rm c re d itn o rm a liz a tio n (0.0 0 )0.0 4 (0.0 0 )(0.0 9 )(0.0 5 )0.3 3 S e c u ritie s G a in s (0.0 2 )(0.0 3 )(0.0 2 )(0.0 1 )(0.0 5 )(0.3 3 )S A S C O w rite u p (0.0 6 ) C o rp o ra te D e v e lo p m e n te x p e n s e D e b te x tin g u is h m e n t F H L B D iv id e n d (0.0 1 )B O L I(0.0 2 )F ra u d L o s s C o n trib u tio n T a x N o rm a liz a tio n (0.0 1 )0.0 2 (0.1 8 )(0.0 1 )0.0 0 C o re & S u s ta in a b le R O A S u p p o rts C o re a n d S u s ta in a b le R O A d e ta il o n p a g e 1 3 N o n -G A A P F in a n c ia l In fo rm a tio n

29 T B V D ilu tio n R e c o n c ilia tio n 2 3 A g g re g a te P e rs h a re WS F S P ro je c te d T B V 1 2 /3 1 /1 8 $ 6 3 3,2 0 3 $ E q u ity C o n s id e ra tio n 1,2 5 3,0 8 5 L e s s G o o d w il fro m S e le r's O n e T im e C o s ts 1 2,7 4 0 L e s s T o ta l A d d itio n a l In ta n g ib le s C re a te d 7 6 4,3 6 0 L e s s B u y e r's O n e T im e C o s ts 7 8,9 2 1 P ro F o rm a T B V $ 1,0 3 0,2 6 7 $ D ilu tio n (4.3 %)T a n g ib le B o o k V a lu e D ilu tio n

30 A d d itio n a l In fo rm a tio n

31 O v e rv ie w o fm a rk to M a rk e ta d ju s tm e n ts 2 5 P ro je c te d E s tim a te d M a rk E s tim a te d M a rk C a te g o ry B a la n c e S h e e ts iz e % $ L ife (Y e a rs )M e th o d H T M In v e s tm e n ts F a irv a lu e E s tim a te $ 9 2 4,6 6 9 (1.1 9 %)($ 1 0,9 9 8 )3.1 0 S tra ig h tl in e Im p a c to fc o re D e p o s itin ta n g ib le 3,5 1 3, % 6 1, S tra ig h tl in e Im p a c to fl o a n In te re s tf a irv a lu e E s tim a te 4,2 3 5,8 3 7 (3.4 0 %)(1 4 4,0 1 8 )4.5 0 S tra ig h tl in e Im p a c to fl o a n G e n e ra l C re d itf a irv a lu e E s tim a te 4,2 3 5,8 3 7 (1.2 5 %)(5 2,9 4 8 )3.5 0 S tra ig h tl in e Im p a c to fl o a n S p e c ific C re d itf a irv a lu e E s tim a te 4,2 3 5,8 3 7 (0.6 5 %)(2 7,5 3 3 )0.0 0 S tra ig h tl in e Im p a c to ft im e D e p o s its F a irv a lu e E s tim a te 4,3 5 8,0 1 8 (0.2 4 %)(1 0,4 4 6 )1.8 0 S tra ig h tl in e Im p a c to fb o ro w in g s F a irv a lu e E s tim a te 6 2 5,6 3 4 (1.7 6 %)(1 0,9 8 8 )2.1 0 S tra ig h tl in e

32 2 6 S u m m a ry M o d e lin g A s s u m p tio n s & K e y D a te s L e g a l C lo s e :1 Q s u b je c to c u s to m a ry s h a re h o ld e ra n d re g u la to ry a p p ro v a ls S y s te m s C o n v e rs io n :A u g u s t P h a s in g o fc o s ts a v in g s :$ m m c o s ts a v in g s p h a s e d a t5 0 %,9 0 %,a n d % fo r , ,a n d D e liv e ry T ra n s fo rm a tio n : In c re m e n ta l in v e s tm e n to f$ m ilio n o v e rth e n e x t5 y e a rs ($ 1 3 m m C a p E x,$ 1 9 m m O p E x ) In v e s tm e n tfu n d e d fro m ~ 5 0 % o fth e s a v in g s fro m c o n s o lid a tin g ~ 2 5 % o fth e c o m b in e d b ra n c h n e tw o rk (3 Q ) C o s ts o fc ro s s in g $ 1 0 B :$ m ilio n ($ m m fro m D u rb in )p re -ta x e a rn in g s lo s s a n n u a ly s ta rtin g 3 Q In v e s tm e n tp o rtfo lio & L iq u id ity R e p o s itio n in g : L e v e ra g in g B N C L s F e d fu n d s in v e s tm e n ts to p a y o fw h o le s a le fu n d in g R e p o s itio n in v e s tm e n tp o rtfo lio to a lig n w ith WS F S d u ra tio n ris k a n d y ie ld

33 2 7 S u m m a ry M o d e lin g A s s u m p tio n s & K e y D a te s R e v e n u e S y n e rg ie s (n o tm o d e le d ):$ m ilio n o fp o te n tia l a d d itio n a l a n n u a l re v e n u e.s ta rtin g 1 Q F e e In c o m e :~ $ m m o fa n n u a l fe e in c o m e th ro u g h w e a lth m a n a g e m e n t,m o rtg a g e,a n d tra d itio n a l b a n k in g : We a lth :WS F S h a s a fu l s c a le,fu l p ro d u c twe a lth o fe rin g w ith $ 1 9 B o fa s s e ts U n d e ra d m in is tra tio n,in c lu d in g ~ $ 2 B o fa s s e ts U n d e rm a n a g e m e n th ro u g h WS F S In v e s tm e n ts,c y p re s s C a p ita l M a n a g e m e n t,a n d We s tc a p ita l M a n a g e m e n t.a d d itio n a ly,we a lth C lie n tm a n a g e m e n t(fo rm e rly P riv a te B a n k in g )h a s ~ $ m m in lo a n s a n d ~ $ m m in d e p o s its M o rtg a g e :T ra n s itio n fro m p rim a rily 3 rd p a rty o rig in a tio n s to o rig in a te -to -s e l m o d e l.ws F S g e n e ra te s o v e r1 0 x th e m o rtg a g e o rig in a tio n s p e rb ra n c h a s B N C L B a n k in g :L e v e ra g e WS F S S B A 7 a,c a s h M a n a g e m e n tc a p a b ilitie s a n d o v e ra l h ig h -to u c h s e rv ic e m o d e l In te re s tin c o m e :~ $ m ilio n in a d d itio n a l a n n u a l in te re s tin c o m e H ig h e ry ie ld s th ro u g h in c re a s e d re la tio n s h ip -b a s e d C & Ia s s e ts WS F S C & Ia s s e ts y ie ld % v s B N C L C & Ia s s e ts o f4.7 1 % WS F S h a s ~ 3 x m o re C & Ire la tio n s h ip m a n a g e rs th a n B N C L.A v e ra g e p o rtfo lio s iz e p e re la tio n s h ip m a n a g e ris ~ 3 0 % la rg e r WS F S C re d itc a rd e x p a n d s B N C L p ro d u c to fe rin g a n d is e x p e c te d to e n h a n c e y ie ld,w h ile B N C L le a s in g p ro d u c ts c a n b e o fe re d to WS F S C u s to m e rs a n d m a rk e ts

34 1.5 0 % % % % % % % % % % % % % % % % % O u tlo o k /Y T D A c tu a l P ro F o rm a (2 ) P ro F o rm a (2 ) P ro F o rm a (2 )C o re R O A With R e v e n u e S y n e rg ie s 2 8 C o re R e tu rn o n A v e ra g e A s s e ts M o d e le d C o re R e tu rn o n A v e ra g e A s s e ts (1 )O u tlo o k (1 )E x c lu d e s o n e -tim e tra n s a c tio n c o s ts (2 )In c lu d e s im p a c to fc E C L /L e a s e s P ro fo rm a s re p re s e n to rig in a l m e rg e ra s s u m p tio n s a n n o u n c e d o n 8 /8 / w h ic h in c lu d e th e a s s u m p tio n s s e tfo rth o n p a g e s 2 6 a n d 2 7 Y T D A c tu a l

35 D e liv e ry T ra n s fo rm a tio n 2 9 C u s to m e r-fa c in g P la tfo rm /In fra s tru c tu re T o d a y WS F S E v e ry d a y P a y (P 2 P )A p p le P a y WS F S M o b ile C a s h (C a rd le s s A T M )S n a p s h o td e p o s ito n lin e A c c o u n to p e n in g M o b ile a n d O n lin e B a n k in g n C in o C o m m e rc ia l L o a n O rig in a tio n O ra c le C lo u d D o c u m e n tim a g in g a n d Wo rk flo w s E -S ig n a tu re F u tu re A d d itio n s Z e le (1 H )P e rs o n a l F in a n c ia l M a n a g e m e n t(1 H )D y n a m ic D ia lo g u e G u id e s (1 H )V irtu a l P e rs o n a l B a n k e r(2 H )C u s to m e re -L e a rn in g m o d u le s (2 H )U n iv e rs a l/m o b ile A c c o u n to p e n in g D a ta Wa re h o u s e /P re d ic tiv e A n a ly tic s A s s o c ia te E -L e a rn in g T ra in in g In te lig e n two rk flo w A u to m a tio n O m n i -C h a n n e l P la tfo rm /U n iv e rs a l C R M In c re m e n ta l in v e s tm e n to f$ 3 2 m ilio n o v e rth e n e x t5 y e a rs in to d ig ita l d e liv e ry in itia tiv e s,re p re s e n tin g ~ 3 x WS F S n o n -ro u tin e a n n u a l te c h n o lo g y e x p e n s e s WS F S h a s a lo n g h is to ry o fin n o v a tio n h ig h lig h te d b y o u rc a s h C o n n e c tb u s in e s s a n d o u rs tro n g p a rtn e rs h ip s S o F i,s p rin g E Q,L e n d K e y B e lo w a re e x a m p le s o fe x is tin g d ig ita l c a p a b ilitie s a n d in itia ly p la n n e d in v e s tm e n ts to e x p a n d o u ro fe rin g s a s p a rto fo u rd e liv e ry T ra n s fo rm a tio n :

36 WS F S F in a n c ia l C o rp o ra tio n 2 Q In v e s to ru p d a te S e p te m b e r1 9,

37 T a b le o fc o n te n ts R e p o rte d F in a n c ia l R e s u lts O u tlo o k T h e WS F S F ra n c h is e 2 Q H ig h lig h ts S e le c te d F in a n c ia l In fo rm a tio n A p p e n d ix 1 M a n a g e m e n tt e a m A p p e n d ix 2 B u s in e s s M o d e l A p p e n d ix 3 N o n -G A A P F in a n c ia l In fo rm a tio n P a g e 3 2 P a g e 3 6 P a g e 3 9 P a g e 3 3 P a g e 5 0 P a g e 6 1 P a g e 6 3 P a g e

38 R e p o rte d F in a n c ia l R e s u lts 2 Q R e p o rte d R e s u lts : R e p o rte d n e tin c o m e o f$ m ilio n,o r$ p e rd ilu te d c o m m o n s h a re fo r2 Q 1 8 c o m p a re d to n e tin c o m e o f$ m ilio n,o r$ p e rs h a re fo r2 Q 1 7 a n d $ m ilio n,o r$ p e rs h a re fo r1 Q 1 8 N e tre v e n u e w a s $ m ilio n,a n in c re a s e o f$ m ilio n,o r1 2 %,fro m 2 Q 1 7 N e tin te re s tin c o m e w a s $ m ilio n,a n in c re a s e o f$ 6.7 m ilio n,o r1 2 %,fro m 2 Q 1 7 ;a n d n o n in te re s tin c o m e w a s $ m ilio n,a n in c re a s e o f$ 3.3 m ilio n,o r1 0 %,fro m 2 Q 1 7 N o n in te re s te x p e n s e s w e re $ m ilio n,a n in c re a s e o f$ 5.1 m ilio n,o r1 0 %,fro m 2 Q E P S $ N IM % R O A % F e e In c o m e /T o ta l R e v e n u e % R O T C E % E fic ie n c y R a tio %

39 2 Q H ig h lig h ts

40 2 Q H ig h lig h ts 2 Q C o re (1 )R e s u lts :S tro n g O p e ra tin g R e s u lts B a la n c e d L o a n P o rtfo lio G ro w th C o n tin u e s N e tlo a n s in c re a s e d $ 7 9 m ilio n o r7 %(a n n u a liz e d )fro m 1 Q 1 8.T h e in c re a s e in c lu d e s a $ m ilio n,o r7 %(a n n u a liz e d ),in c re a s e in c o m m e rc ia l a n d in d u s tria l (C & I)lo a n s a n d a $ m ilio n,o r2 5 %(a n n u a liz e d ),in c re a s e in c o n s u m e rlo a n s.n e tlo a n s in c re a s e d $ m ilio n,o r6 %,fro m 2 Q E x c lu d in g th e in te n tio n a l d e c re a s e o f$ m ilio n in re s id e n tia l m o rtg a g e s,n e tlo a n s in c re a s e d $ m ilio n,o r8 %,in c lu d in g a 2 6 % in c re a s e in c o n s u m e rlo a n s a n d a 7 % in c re a s e in C & Ilo a n s 3 4 E P S $ N IM % R O A % F e e In c o m e /T o ta l R e v e n u e % R O T C E % E fic ie n c y R a tio %(1 )T h e s e a re n o n -G A A P fin a n c ia l m e a s u re s a n d s h o u ld b e c o n s id e re d a lo n g w ith re s u lts p re p a re d in a c c o rd a n c e w ith G A A P,a n d n o ta s a s u b s titu te fo rg A A P re s u lts.s e e A p p e n d ix 3 fo ra re c o n c ilia tio n to G A A P fin a n c ia l in fo rm a tio n.($ in m ilio n s )2 Q Q C h a n g e C o re (1 )N e tr e v e n u e $ $ % R e fle c ts s tro n g o rg a n ic g ro w th N e tin te re s tin c o m e $ $ % R e s u lto fc o n tin u e d s tro n g o rg a n ic g ro w th,p ric in g d is c ip lin e a n d b a la n c e s h e e tm ix m a n a g e m e n t.p ro v id e s fle x ib ility to re s p o n d to c o m p e titiv e p ric in g e n v iro n m e n tn e tin te re s tm a rg in % % b p s C o re (1 )F e e In c o m e $ $ % S p re a d a c ro s s s e v e ra l b u s in e s s lin e s C o re E fic ie n c y R a tio % %-1.3 % 3 p e rc e n ta g e p o in ts o fp o s itiv e o p e ra tin g le v e ra g e

41 2 Q H ig h lig h ts C u s to m e rf u n d in g R e fle c ts C o n tin u e d C o re D e p o s its tre n g th T o ta l c u s to m e rfu n d in g in c re a s e d $ m ilio n,o r7 %(a n n u a liz e d ),fro m 0 3 /3 1 /1 8,h ig h lig h te d b y a $ m ilio n,o r1 8 %(a n n u a liz e d ),in c re a s e in n o n in te re s tb e a rin g a c c o u n ts C o re d e p o s its w e re 8 6 % o fto ta l c u s to m e rd e p o s its,a n d n o -a n d lo w -c o s tc h e c k in g d e p o s ita c c o u n ts re p re s e n te d a ro b u s t4 8 % o fto ta l c u s to m e rd e p o s its a t6 /3 0 /1 8.T h e s e c o re d e p o s its p re d o m in a n tly re p re s e n tlo n g e r-te rm,le s s p ric e -s e n s itiv e c u s to m e re la tio n s h ip s,w h ic h a re e s p e c ia ly v a lu a b le in a ris in g ra te e n v iro n m e n t C e rtific a te s o fd e p o s its (C D s )in c re a s e d $ m ilio n,o r3 0 %(a n n u a liz e d ),in Q ,a s w e c o n tin u e to ta k e th e o p p o rtu n ity to a tra c tlo n g e r-te rm fix e d -ra te fu n d in g a n d le n g th e n o u ro v e ra l fu n d in g d u ra tio n in a ris in g -ra te e n v iro n m e n tc re d itc o s ts T o ta l c re d itc o s ts (p ro v is io n fo rlo a n lo s s e s,lo a n w o rk o u te x p e n s e s,o R E O e x p e n s e s,a n d o th e rc re d itc o s ts )w e re $ 3.2 m ilio n fo r2 Q ,a n im p ro v e m e n tfro m $ 4.1 m ilio n d u rin g 1 Q a n d a n in c re a s e fro m $ 2.3 m ilio n d u rin g 2 Q C re d itq u a lity R e m a in s S ta b le a n d S tro n g T o ta l p ro b le m a s s e ts im p ro v e d to $ m ilio n,a d e c re a s e c o m p a re d to $ m ilio n a t0 3 /3 1 /1 8 D e lin q u e n c ie s (in c lu d in g n o n p e rfo rm in g d e lin q u e n c ie s )w e re $ m ilio n,o r0.5 4 %,o fg ro s s lo a n s,c o m p a re d to $ m ilio n,o r0.5 6 %,o fg ro s s lo a n s a t0 3 /3 1 /1 8 T o ta l N P A s im p ro v e d $ 1.7 m ilio n,o r3 %,to $ m ilio n a t6 /3 0 /1 8,c o m p a re d to $ m ilio n a t0 3 /3 1 /1 8.N P A s to to ta l a s s e ts ra tio w a s %,c o m p a re d to % a t0 3 /3 1 /1 8 N e tc h a rg e o fs w e re $ 2.3 m ilio n,o r0.1 9 %(a n n u a liz e d ),o fa v e ra g e g ro s s lo a n s,a n im p ro v e m e n tfro m $ 3.4 m ilio n,o r0.2 9 %(a n n u a liz e d ),in 1 Q

42 O u tlo o k

43 O u tlo o k M id -Y e a ru p d a te to F u l -Y e a ro u tlo o k 3 7 M id -to h ig h -s in g le -d ig itlo a n a n d d e p o s itg ro w th M id -Y e a ru p d a te : N e tin te re s tm a rg in %s M id -Y e a ru p d a te : % A s s u m e s o n e ra te in c re a s e in J u n e T h e im p a c to fa n y a d d itio n a l ra te in c re a s e s a n d th e m a g n itu d e a n d la g o fris in g d e p o s itb e ta s w ilik e ly d e te rm in e o u ra b ility to g e to th e u p p e re n d o fth is ra n g e fo rth e fu l y e a r T o ta l c re d itc o s ts (p ro v is io n,lo a n w o rk o u te x p e n s e s,o R E O e x p e n s e s,a n d o th e rc re d itre s e rv e s )b e tw e e n $ 1 3 $ 1 5 m ilio n fo rth e y e a ro ra p p ro x im a te ly 2 0 b p s o fa s s e ts.c re d itc o s ts c a n b e u n e v e n q u a rte rto q u a rte rm id -Y e a ru p d a te : L o w d o u b le -d ig itn o n -in te re s tin c o m e g ro w th M id -Y e a ru p d a te : A s s u m e s n o a d d itio n a l fe e -b a s e d a c q u is itio n s E fic ie n c y ra tio s lig h tly u n d e r6 0 % M id -Y e a ru p d a te : E fe c tiv e ta x ra te o fa p p ro x im a te ly 2 3 %.T h is ta x ra te m a y flu c tu a te q u a rte rto q u a rte rd u e to e q u ity e x e rc is e a c tiv ity a n d o th e rfa c to rs M id -Y e a ru p d a te : %

44 0.9 1 % % % % % % % % % % % % % % F Y 1 3 C o re & S u s ta in a b le F Y 1 4 C o re & S u s ta in a b le F Y 1 5 C o re & S u s ta in a b le F Y 1 6 C o re & S u s ta in a b le F Y 1 7 C o re & S u s ta in a b le F Y 1 8 O u tlo o k 3 8 C o re & S u s ta in a b le (1 )R O A C o re & S u s ta in a b le R O A (1 )G A A P R O A % % % % % O u tlo o k (1 )C o re a n d S u s ta in a b le R O A is a n o n -G A A P m e a s u re th a td iv id e s (i)n e tin c o m e d e te rm in e d in a c c o rd a n c e w ith G A A P a n d a d ju s tin g itb y ta k in g c o re n e tin c o m e a n d n o rm a liz in g fo rlo n g -te rm c re d itc o s ts,n o n -re c u rin g a c c re tio n fro m p u rc h a s e d c re d itim p a ire d lo a n s ( P C I ),a n d a n o rm a l ta x ra te b y (i)a v e ra g e a s s e ts.s e e A p p e n d ix 3 fo rg A A P re c o n c ilia tio n.a d ju s te d fo rn e w c o rp o ra te ta x ra te % B e g a n w ith C o re a n d S u s ta in a b le R O A o f0.7 0 % in 1 Q % in 2 Q

45 T h e WS F S F ra n c h is e

46 L a rg e s tin d e p e n d e n tb a n k a n d tru s tc o.h Q in th e D e l.v a le y $ 7.1 b ilio n in a s s e ts $ b ilio n in fid u c ia ry a s s e ts,in c lu d in g $ 2.3 b ilio n in a s s e ts u n d e rm a n a g e m e n t 7 7 o fic e s F o u n d e d in ,WS F S is o n e o fth e te n o ld e s tb a n k s in th e U.S. M a jo rb u s in e s s lin e s R e ta il C o m m e rc ia l We a lth M a n a g e m e n t(1 ) C a s h C o n n e c t (A T M c a s h a n d re la te d b u s in e s s e s )(1 )T h e WS F S F ra n c h is e 4 0 (1 )We a lth a n d C a s h C o n n e c tb u s in e s s e s c o n d u c te d n a tio n w id e

47 *M o s tre c e n tly a v a ila b le F D IC d a ta T h e WS F S F ra n c h is e 4 1 D e p o s its o ft ra d itio n a l B a n k s in th e S ta te o fd e la w a re J u n e 3 0, *R a n k In s titu tio n B ra n c h C o u n tt o ta l D e p o s its in M a rk e tt o ta l M a rk e ts h a re G ro w th G ro w th C A G R M & T B a n k C o rp (N Y ) ,0 6 3, % 2 9 5, % % 2 P N C F in a n c ia l S e rv ic e G ro u p (P A )3 8 4,3 8 4, % 3 0 1, % % 3 WS F S F in a n c ia l C o rp (D E )3 4 3,6 9 0, % 2 2 5, % % 4 We ls F a rg o & C o (C A )2 0 2,2 6 3, % 9 2, % % 5 T D B a n k (C a n a d a ) ,1 5 1, % 1 8 3, % % 6 C itiz e n s (R B S -S c o tla n d )2 3 1,1 3 7, % 1 8, % % 7 B a n k o fa m e ric a (N C ) , % 4 0 9, % % 8 F u lto n F in a n c ia l C o rp.(p A ) , % 4 8, % % 9 A rtis a n s B a n k (D E ) , % 1 8, % % 1 0 C o u n ty B a n k (D E ) , % 8, % % T o p 1 0 S ta te o fd e la w a re B a n k s $ 2 0,7 0 7, % 1,6 0 1, % % (1 )M & T B a n k d e p o s its e x c lu d e s a $ 1.1 b ilio n in c re a s e in th e Wilm in g to n T ru s to fic e.m & T re p o rte d g ro w th is %.(2 )E x c lu d e s e s tim a te d o u to fm a rk e td e p o s its o ft D b a n k.(3 )T o p 1 0 D e la w a re B a n k s h o u s e 9 6 % o fa l tra d itio n a l d e p o s its in th e s h a re.

48 T h e WS F S F ra n c h is e P A E x p a n s io n 4 2 S tro n g p o s itio n a s o n e o fth e fe w re m a in in g s u p e r-c o m m u n ity b a n k s in th e a tra c tiv e a n d ra p id ly c o n s o lid a tin g s o u th e a s te rn P A m a rk e ts (1 )S o u rc e :F D IC (2 )B a s e d o n c u s to m e ra d d re s s o fd e p o s it.a s o fj u n e 3 0 fo rth e re s p e c tiv e y e a r(3 )In c lu d e s o n e lo c a tio n (We s tc a p ita l)in P h ila d e lp h ia,p A F ig u re s a re a s o f6 /3 0 / & 6 /3 0 / S o u th e a s te rn P A -C h e s te r,d e la w a re & M o n tg o m e ry C o u n tie s C h a n g e M a rk e ts h a re (1 )1.8 6 % % % L o a n s (2 )$ B $ M % D e p o s its (2 )$ B $ M % L o c a tio n s (3 ) H o u s e h o ld s (2 )1 8, , % O v e rth e p a s t5 y e a rs,ws F S h a s s u c c e s s fu ly e x p a n d e d its fra n c h is e in to P e n n s y lv a n ia th ro u g h : D e n o v o b ra n c h e s ;h irin g lo c a le n d e rs A c q u is itio n o fa ra y /A ro w A c q u is itio n o fa lia n c e B a n k A c q u is itio n o fp e n n L ib e rty B a n k A c q u is itio n o fwe s tc a p ita l M a n a g e m e n t

49 T h e WS F S F ra n c h is e P A E x p a n s io n 4 3 D e p o s its o ft ra d itio n a l B a n k s in C h e s te r,d e la w a re a n d M o n tg o m e ry C o u n tie s in P e n n s y lv a n ia J u n e 3 0, *R a n k In s titu tio n B ra n c h C o u n tt o ta l D e p o s its in M a rk e tt o ta l M a rk e ts h a re G ro w th G ro w th C A G R We ls F a rg o B a n k 8 0 $ 1 0,9 7 5, % $ 9 7 7, % % 2 T D B a n k 4 6 $ 7,7 8 5, % $ 1,2 2 8, % % 3 C itiz e n s B a n k o fp e n n s y lv a n ia 7 9 $ 7,0 5 3, % $ 3 3 6, % % 4 P N C B a n k 4 4 $ 5,4 7 5, % $ 3 2 5, % % 5 B B & T 5 2 $ 3,0 7 1, % ($ 2 5 7,6 0 2 ) % % 6 T h e B ry n M a w rt ru s tc o m p a n y 3 2 $ 2,5 7 3, % $ 2 6 1, % % 7 B a n k o fa m e ric a 2 4 $ 2,4 1 8, % $ 9 9, % % 8 U n iv e s tb a n k a n d T ru s t2 1 $ 1,9 8 2, % $ 4 9 9, % % 9 S a n ta n d e rb a n k 3 7 $ 1,9 0 0, % $ 3 9, % % 1 0 K e y B a n k 3 2 $ 1,8 0 8, % ($ 7 1,7 8 3 ) % % 1 4 WS F S F in a n c ia l C o rp (1 )2 4 $ 1,0 5 5, % ($ 9 0,0 0 6 ) % % O th e rb a n k s $ 1 0,8 0 1, % $ 3 3 2, % % T o ta l o fth e 3 C o u n tie s $ 5 6,9 0 1, % $ 3,6 8 1, % % (1 )$ 9 0 m ilio n d e p o s itre d u c tio n fig u re in c lu d e s $ 2 9 M M o fd e p o s ita tritio n fro m th e P e n n L ib e rty a c q u is itio n,$ 3 1 M M o fh ig h -c o s tc D a tritio n fro m th e A lia n c e a c q u is itio n a n d $ 3 9 M M o fc u s to m e rd e p o s its th a tw e re a ty p ic a ly h ig h a t6 /3 0 /1 6

50 T h e WS F S F ra n c h is e -A tra c tiv e M a rk e ts 4 4 S o u rc e s :S & P G lo b a l M a rk e tin te lig e n c e,u.s.c e n s u s B u re a u,z ilo w 1 N o te :Z ilo w H o m e V a lu e In d e x w a s n o ta v a ila b le fo rs u s s e x C o u n ty ;in fo rm a tio n s h o w n d e ta ils m e d ia n lis tin g p ric e in S u s s e x C o u n ty,d E , , , , , , , , ,0 0 0 S u s s e x K e n tn e w C a s tle D e la w a re C h e s te rm o n tg o m e ry P o p u la tio n D e la w a re S o u th e a s te rn P A -1 0, , , , , , , , , ,0 0 0 S u s s e x K e n tn e w C a s tle D e la w a re C h e s te rm o n tg o m e ry M e d ia n H o u s e h o ld In c o m e N a tio n a l A v e ra g e D e la w a re S o u th e a s te rn P A -5 0, , , , , , ,0 0 0 S u s s e x K e n tn e w C a s tle D e la w a re C h e s te rm o n tg o m e ry M e d ia n H o m e V a lu e N a tio n a l A v e ra g e D e la w a re S o u th e a s te rn P A D e la w a re S o u th e a s te rn P A 1-1 0, , , , , , , , ,0 0 0 S u s s e x K e n tn e w C a s tle D e la w a re C h e s te rm o n tg o m e ry N u m b e ro fb u s in e s s e s D e la w a re S o u th e a s te rn P A

51 R e g io n a l E m p lo y m e n tc o m p o s itio n P h ila d e lp h ia -C a m d e n -Wilm in g to n M S A 4 5 C h a rtd a ta S o u rc e :B u re a u o fl a b o rs ta tis tic s :E m p lo y e e s o n n o n fa rm p a y ro ls b y in d u s try s u p e rs e c to r,p h ila d e lp h ia -C a m d e n -Wilm in g to n M S A,n o ts e a s o n a ly a d ju s te d ;J u ly (1 )U n e m p lo y m e n tra te is fo rth e S ta te o fd e la w a re,c h e s te rc o u n ty P A,D e la w a re C o u n ty P A,& M o n tg o m e ry C o u n ty P A (e q u a ly w e ig h te d ).U n a d ju s te d F e b ru a ry D iv e rs ity o fin d u s trie s d riv e s s ta b le & fa v o ra b le e m p lo y m e n tin o u rm a rk e ts U n e m p lo y m e n to f4.2 % (1 )M in in g,lo g g in g,a n d c o n s tru c tio n 4 % M a n u fa c tu rin g 6 % T ra d e,tra n s p o rta tio n,a n d u tilitie s 1 8 % In fo rm a tio n 2 % F in a n c ia l a c tiv itie s 7 % P ro fe s s io n a l a n d b u s in e s s s e rv ic e s 1 7 % E d u c a tio n a n d h e a lth s e rv ic e s 2 1 % L e is u re a n d h o s p ita lity 1 0 % O th e rs e rv ic e s 4 % G o v e rn m e n t1 1 %

52 $ 3 2 $ 3 3 $ 3 3 $ 3 6 $ 4 0 $ 4 6 $ 1 9 $ 2 4 $ 2 6 $ 3 0 $ 3 6 $ 4 3 $ 1 4 $ 1 6 $ 1 8 $ 2 3 $ 2 7 $ % 3 5 % 3 4 % 3 5 % 3 4 % 3 6 % $ 0 $ 2 0 $ 4 0 $ 6 0 $ 8 0 $ $ T o ta l C o re (1 )F e e in c o m e $ in M ilio n s T ru s t& We a lth C a s h C o n n e c tb a n k S e g m e n tws F S S tra te g ic P la n g o a l o fe e (n o n -in te re s t)in c o m e to to ta l re v e n u e o f4 0 % b y 4 Q T h e WS F S F ra n c h is e D iv e rs ifie d & R o b u s tf e e In c o m e 4 6 % s re p re s e n tfe e (n o n -in te re s t)in c o m e /to ta l re v e n u e (1 )T h e s e a re n o n -G A A P fin a n c ia l m e a s u re s a n d s h o u ld b e c o n s id e re d a lo n g w ith re s u lts p re p a re d in a c c o rd a n c e w ith G A A P,a n d n o ta s a s u b s titu te fo rg A A P re s u lts.s e e A p p e n d ix 3 fo re c o n c ilia tio n to G A A P fin a n c ia l in fo rm a tio n.5 Y e a rc A G R T ru s t& We a lth :2 1 % C a s h C o n n e c t:1 8 % B a n k :8 %

53 T h e WS F S F ra n c h is e WS F S We a lth A F u l -S e rv ic e We a lth M a n a g e m e n to fe rin g 4 7 N e tr e v e n u e o f$ m ilio n in 2 Q P re -ta x P ro fito f$ 5.1 m ilio n

54 T h e WS F S F ra n c h is e C a s h C o n n e c t 4 8 L e a d in g p ro v id e ro fa T M v a u ltc a s h,a rm o re d c a rie rm a n a g e m e n t,c a s h fo re c a s tin g s e rv ic e s,in s u ra n c e a n d e q u ip m e n ts e rv ic e s A p p ro x im a te ly $ m ilio n in v a u ltc a s h m a n a g e d A p p ro x im a te ly 2 6,0 0 0 n o n -b a n k A T M s in a l 5 0 S ta te s V a u ltc a s h m a rg in p re s s u re o fs e tb y a d d itio n a l m a n a g e d s e rv ic e s O p e ra te s A T M s fo rws F S B a n k ;la rg e s tin -m a rk e ta T M fra n c h is e $ 1 0 m ilio n in n e tre v e n u e (fe e in c o m e le s s fu n d in g c o s ts )a n d $ 1.5 m ilio n in p re -ta x p ro fita b ility in 2 Q y e a rc A G R fo rn e tre v e n u e is % A ls o s e rv e s a s a n in n o v a tio n c e n te rfo rth e c o m p a n y,b o th e x p a n d in g c o re A T M o fe rin g s a n d a d d itio n a l p a y m e n t-,p ro c e s s in g -a n d s o ftw a re -re la te d a c tiv itie s ;e.g.,la u n c h e d WS F S M o b ile C a s h a lo w s C u s to m e rs to s e c u re ly w ith d ra w c a s h fro m A T M s b y u s in g th e irws F S M o b ile B a n k in g A p p G ro w in g s m a rts a fe p ip e lin e g e n e ra te d b y s e v e ra l n a tio n a l c h a n n e l p a rtn e rs th a ta re a c tiv e ly m a rk e tin g o u rp ro g ra m,in a d d itio n to a lm o s t2,0 0 0 s m a rts a fe s a s o f6 /3 0 /1 8,u p fro m ju s to v e r1 0 0 s a fe s a th e e n d o f

55 E m b ra c in g In n o v a tio n a s a C a ta ly s tfo rg ro w th 4 9

56 S e le c te d F in a n c ia l In fo rm a tio n

57 C a s h C o n n e c t8 % In v e s tm e n ts 1 7 % B O L I< 1 % N o n -E a rn in g A s s e ts 6 % N e tl o a n s 6 9 % T h e WS F S F ra n c h is e -WS F S B a n k 5 1 A s s e ts $ 7.1 B ilio n ;N e tl o a n s $ 4.9 B ilio n A s s e tc o m p o s itio n J u n e 3 0, % 1 2 % 6 % 5 3 % 2 4 % C R E C & IR e s id e n tia l M o rtg a g e s C o n s u m e rc o n s tru c tio n C o m m e rc ia lo a n s c o m p ris e 8 3 % o fth e lo a n p o rtfo lio C & I(in c lu d in g o w n e r-o c c u p ie d re a l e s ta te ),th e la rg e s tc o m p o n e n t,m a k e s u p 5 3 % o fth e lo a n p o rtfo lio

58 T o ta l F u n d in g $ 7.1 B ilio n ;C u s to m e rd e p o s its $ 5.0 B ilio n F u n d in g C o m p o s itio n J u n e 3 0, O th e rl ia b ilitie s 1 % Wh o le s a le D e p o s its 4 % B o ro w in g s 1 3 % E q u ity 1 1 % C u s to m e rd e p o s its 7 1 % N o n -in te re s td D A 2 8 % In te re s td D A 1 9 % M o n e y M a rk e t& S a v in g s 3 9 % T im e 1 4 % C o re d e p o s its re p re s e n t8 6 % o fto ta l c u s to m e rd e p o s its a n d n o n -in te re s ta n d v e ry lo w in te re s td D A (WA C 3 8 b p s )s ta n d a t4 8 % o fc u s to m e rfu n d in g T h e WS F S F ra n c h is e -WS F S B a n k 5 2

59 T h e WS F S F ra n c h is e -B a la n c e d G ro w th 5 3 B a la n c e s h e e tc o m p o s itio n h a s re m a in e d s te a d y a s WS F S h a s g ro w n 5 3 % 5 3 % 2 4 % 2 3 % 9 % 5 % 1 0 % 1 3 % 4 % 6 % 0 1,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0,0 0 0 J u n e 3 0, J u n e 3 0, L o a n C o m p o s itio n C & IC R E R e s id e n tia l M o rtg a g e C o n s u m e rc o n s tru c tio n 9 % 1 1 % 2 5 % 1 8 % 1 5 % 2 0 % 1 3 % 1 4 % 2 6 % 2 7 % 1 2 % 1 0 % 0 1,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0, ,0 0 0,0 0 0 J u n e 3 0, J u n e 3 0, F u n d in g C o m p o s itio n E q u ity B o ro w in g s & O th e rn o n -In te re s td D A In te re s td D A M o n e y M a rk e t& S a v in g s T im e

60 We l P o s itio n e d fo rr is in g R a te s A s o f6 /3 0 /1 8 (WS J P rim % )5 4 B a la n c e S h e e td riv e rs H ig h % o fv a ria b le /a d ju s ta b le ra te to ta lo a n p o rtfo lio :6 4 % H ig h % c o re d e p o s its :8 6 %;h ig h % n o n -in te re s tb e a rin g a n d lo w -in te re s td D A :4 8 % S o lid b ra n d a n d p o s itio n /WS F S is a m a rk e t p ric e le a d e r A s s u m e s lo n g -te rm h is to ric a l d e p o s itb e ta o f5 0 % (1 )WS F S IR R m o d e l e s tim a te s :S ta tic B a la n c e S h e e t/in s ta n ta n e o u s R a te S h o c k s 1 2 m o n th B P S C h a n g e (1 )N I% Im p a c tn I$ Im p a c t % m m % m m % m m % m m

61 0.7 8 % % % % % % 1 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1 8 O v e ra l C re d itt re n d s R e m a in S tro n g % % % % % % % % % % % 1 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1 8 D e lin q u e n c ie s L a rg e R e la tio n s h ip (3 )D e lin q u e n c ie s (2 )/G ro s s L o a n s We ig h te d A v e ra g e R is k R a tin g (1 )(1 )1 0 p o in ts c a le ;1 is s u b s ta n tia ly ris k -fre e,1 0 is a lo s s.f ig u re s a re b a s e d o n lo a n o u ts ta n d in g s.h ig h p o in to f5.5 3 re p re s e n ts th e h ig h p o in ts in c e WS F S c o n v e rte d to a 1 0 p o in ts c a le in 1 Q 1 2.(2 )In c lu d e s n o n -a c c ru in g lo a n s (3 )O n e la rg e $ m ilio n,h ig h ly -s e a s o n a l re la tio n s h ip th a tw a s e x ite d in 3 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q % % 1 0 % 1 5 % 2 0 % 2 5 % 3 0 % 3 5 % 4 0 % 4 5 % 5 0 % 1 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1 8 C la s s ifie d L o a n s C ritic iz e d L o a n s C ritic iz e d & C la s s ifie d L o a n s /T ie r-1 + A L L L N P A s /T o ta l A s s e ts H ig h p o in td u rin g th e c y c le o f3.0 3 % in 1 Q 1 2 H ig h p o in t d u rin g th e c y c le o f2.6 1 % in 3 Q 0 9 H ig h p o in td u rin g th e c y c le o f5.5 3 in 1 Q 1 2 H ig h p o in td u rin g th e c y c le o f:c ritic iz e d : % in 1 Q 1 0 C la s s ifie d :7 0.5 % in 3 Q 0 9

62 L o a n P o rtfo lio C o m p o s itio n O u ts ta n d in g B a la n c e s a s o f6 /3 0 / N o in d u s try o rc R E c o n c e n tra tio n s in th e lo a n p o rtfo lio C o m m e rc ia l & In d u s tria l:$ b ilio n O w n e ro c c u p ie d C R E :$ b ilio n T o p 2 5 R e la tio n s h ip s ($ ):$ m ilio n T o p 2 5 R e la tio n s h ip s (% o fc & I/O O C R E p o rtfo lio ):2 0 % T o p 2 5 R e la tio n s h ip s (% o fc o m m e rc ia lo a n s ):1 1 % N o n O w n e ro c c u p ie d C R E $ b ilio n C o n s tru c tio n $ m ilio n T o p 2 5 R e la tio n s h ip s ($ ):$ m ilio n T o p 2 5 R e la tio n s h ip s (% o fc R E p o rtfo lio ):4 0 % T o p 2 5 R e la tio n s h ip s (% o fc o m m e rc ia lo a n s ):1 2 % O th e rs e rv ic e s (e x c e p tp u b lic A d m in is tra tio n )1 3 % A c c o m m o d a tio n a n d F o o d S e rv ic e s 1 2 % R e ta il T ra d e 9 % C o n s tru c tio n 9 % H e a lth C a re a n d S o c ia l A s s is ta n c e 9 % M a n u fa c tu rin g 8 % R e a l E s ta te R e n ta l a n d L e a s in g 8 % Wh o le s a le T ra d e 6 % O th e r(1 3 )2 6 % C & I& O w n e ro c c u p ie d C R E M ix e d U s e 2 % F le x,wa re h o u s e,s e lf-s to ra g e,g e n e ra l In d u s tria l 1 0 % O fic e 1 8 % R e ta il 2 8 % R e s id e n tia l % R e s id e n tia l M u lti -F a m ily 1 5 % S p e c ia l U s e & O th e r1 1 % C R E In v e s to r& C o n s tru c tio n

63 1 2 / / / / / /1 7 6 /1 8 T R B C % % % % % % % T ie r-1 C a p ita l % % % % % % % E x c e s s R B C (a b o v e 1 0 %)$ 1 4 0,1 1 7 $ 1 5 3,5 4 2 $ 1 4 7,1 8 6 $ 1 4 6,7 8 8 $ 6 6,9 3 9 $ 1 1 9,9 4 0 $ 1 5 7,1 4 6 T C E (1 )7.7 2 % % % % % % % T B V /S h a re (1 )$ $ $ $ $ $ $ $ 3 0 0,0 0 0 $ 3 5 0,0 0 0 $ 4 0 0,0 0 0 $ 4 5 0,0 0 0 $ 5 0 0,0 0 0 $ 5 5 0,0 0 0 $ 6 0 0,0 0 0 $ 6 5 0,0 0 0 $ 7 0 0,0 0 0 $ 7 5 0, / / / / / /1 7 6 /1 8 T o ta l R is k -B a s e d C a p ita l We l C a p ita liz e d R e q u ire m e n tr o b u s tc a p ita l to G ro w a n d to R e tu rn to S h a re h o ld e rs 5 7 T o ta l R is k B a s e d C a p ita l (T R B C )0 0 0 s (1 )H o ld in g C o m p a n y ra tio.t h is is a n o n -G A A P fin a n c ia l m e a s u re a n d s h o u ld b e c o n s id e re d a lo n g w ith re s u lts p re p a re d in a c c o rd a n c e w ith G A A P,a n d n o ta s a s u b s titu te fo rg A A P re s u lts.s e e A p p e n d ix 3 fo re c o n c ilia tio n to G A A P fin a n c ia l in fo rm a tio n.

64 S tro n g A lig n m e n t/c a p ita l M a n a g e m e n t5 8 E x e c u tiv e m a n a g e m e n tb o n u s e s a n d e q u ity a w a rd s b a s e d o n b o to m -lin e p e rfo rm a n c e R O A,R O T C E a n d E P S g ro w th In s id e ro w n e rs h ip 1 is o v e r5 % B o a rd o fd ire c to rs a n d E x e c u tiv e M a n a g e m e n to w n e rs h ip g u id e lin e s in p la c e a n d fo lo w e d In 2 Q ,WS F S re p u rc h a s e d 5 0,0 0 0 s h a re s o fc o m m o n s to c k a ta n a v e ra g e p ric e o f$ a s p a rto fo u r5 % b u y b a c k p ro g ra m a p p ro v e d b y th e B o a rd o fd ire c to rs in 4 Q ,1 9 4 s h a re s re m a in in g to p u rc h a s e u n d e rth e c u re n ta u th o riz a tio n $ m ilio n in c a s h re m a in s in th e H o ld in g C o m p a n y a s o f6 /3 0 /1 8 T h e B o a rd o fd ire c to rs a p p ro v e d a q u a rte rly c a s h d iv id e n d o f$ p e rs h a re o fc o m m o n s to c k.t h is w il b e p a id o n 8 /2 4 /1 8 to s h a re h o ld e rs o fre c o rd o n 8 /1 0 /1 8 (1 )A s d e fin e d in o u rm o s tre c e n tp ro x y s ta te m e n t,a s a d ju s te d fo ru n v e s te d s to c k o p tio n s a p p ro v e d b y s h a re h o ld e rs a n d a w a rd e d to th e C E O a n d E V P s in A p ril

65 5 9 (1 )C o m p le te d b y th e G a lu p O rg a n iz a tio n,a s o fd e c e m b e r3 1, (2 )P e rb lo o m b e rg ;c lo s in g p ric e a s o fj u n e 2 9, B u s in e s s M o d e l a n d T o ta l S h a re h o ld e rr e tu rn s

66 A p p e n d ic e s

67 A p p e n d ix 1 M a n a g e m e n tt e a m 6 1 M a rk A.T u rn e r,5 5,h a s s e rv e d a s P re s id e n ta n d C h ie fe x e c u tiv e O fic e rs in c e H e w a s e le c te d C h a irm a n o fth e B o a rd o fd ire c to rs in J u ly M r.t u rn e rw a s p re v io u s ly C h ie fo p e ra tin g O fic e ra n d th e C h ie ff in a n c ia l O fic e rfo rws F S.P rio rto jo in in g WS F S,h is e x p e rie n c e in c lu d e s w o rk in g a tc o re S ta te s B a n k a n d M e rid ia n B a n c o rp.m r.t u rn e rs ta rte d h is c a re e ra th e in te rn a tio n a l p ro fe s s io n a l s e rv ic e s firm o fk P M G,L L P.H e re c e iv e d h is M B A fro m th e Wh a rto n S c h o o l o fth e U n iv e rs ity o fp e n n s y lv a n ia,h is M a s te r s D e g re e in E x e c u tiv e L e a d e rs h ip fro m th e U n iv e rs ity o fn e b ra s k a a n d h is B a c h e lo r s D e g re e in A c c o u n tin g a n d M a n a g e m e n tfro m L a S a le U n iv e rs ity.r o d g e rl e v e n s o n,5 7,h a s s e rv e d a s E x e c u tiv e V ic e P re s id e n ta n d C h ie fo p e ra tin g O fic e rs in c e J u ly M r.l e v e n s o n w a s p re v io u s ly th e C h ie fc o m m e rc ia l B a n k in g O fic e rfro m to ,in te rim C h ie ff in a n c ia l O fic e rfro m M a rc h to M a y a n d C h ie fc o rp o ra te D e v e lo p m e n to fic e rfro m M a y to J u ly F ro m to ,M r.l e v e n s o n w a s S e n io rv ic e P re s id e n ta n d M a n a g e ro fth e S p e c ia liz e d B a n k in g a n d B u s in e s s B a n k in g D iv is io n s o fc itiz e n s B a n k.m r.l e v e n s o n re c e iv e d h is M B A in F in a n c e fro m D re x e l U n iv e rs ity a n d h is B a c h e lo r s D e g re e in F in a n c e fro m T e m p le U n iv e rs ity.d o m in ic C.C a n u s o,c F A,4 3,jo in e d WS F S in a s E x e c u tiv e V ic e P re s id e n ta n d C h ie ff in a n c ia l O fic e r.f ro m to ,h e w a s F in a n c e D ire c to ra tb a rc la y s U S C re d itc a rd B u s in e s s,m o s tre c e n tly s e rv in g a s L in e o fb u s in e s s C F O.P rio rto B a rc la y s,h e w a s a ta d v a n ta B a n k a n d A rth u ra n d e rs e n C o n s u ltin g.m r.c a n u s o re c e iv e d h is E x e c u tiv e M B A a n d B a c h e lo r s D e g re e fro m V ila n o v a U n iv e rs ity.a rth u rb a c c i,5 9,jo in e d WS F S a s E x e c u tiv e V ic e P re s id e n ta n d C h ie fwe a lth O fic e rin A p ril P rio rto jo in in g WS F S,A rtw a s a V ic e P re s id e n ta tp rin c ip a l F in a n c ia l G ro u p,a d iv e rs ifie d g lo b a l in v e s tm e n tm a n a g e m e n tfirm,w h e re h e m o s tre c e n tly s e rv e d a s H e a d o fp rin c ip a l s H o n g K o n g b u s in e s s fro m to A rtjo in e d P rin c ip a l in a s c h ie fin a n c ia l o fic e ro fp rin c ip a l T ru s tc o m p a n y (in D e la w a re ).H e s u b s e q u e n tly w a s n a m e d C E O /P re s id e n to fth e tru s tc o m p a n y a n d P rin c ip a l B a n k.h e b e g a n h is c a re e rw ith B a n k o fa m e ric a a n d h a s h e ld m a n a g e m e n tp o s itio n s w ith th e Wilia m E.S im o n & S o n s p riv a te e q u ity g ro u p a n d w ith a fin -te c h c o m p a n y in v o lv e d w ith fin a n c ia l a d v is o ry a n d tra d in g p ro d u c ts.a rtre c e iv e d h is B S in F in a n c e fro m S a n J o s e S ta te a n d a M B A fro m S a n ta C la ra U n iv e rs ity.h e h a s a ls o p a rtic ip a te d in le a d e rs h ip a n d m a n a g e m e n tp ro g ra m s a th e U n iv e rs ity o fp e n n s y lv a n ia Wh a rto n S c h o o l.l is a M.B ru b a k e r,5 4,h a s s e rv e d a s C h ie ft e c h n o lo g y O fic e rs in c e M a y M s.b ru b a k e rp re v io u s ly s e rv e d a s S e n io rv ic e P re s id e n t,d ire c to ro fr e ta il S tra te g ie s s in c e a n d h a s h e ld o fa v a rie ty o fm a n a g e m e n tp o s itio n s w ith WS F S B a n k o v e rh e r 3 1 y e a rc a re e r.m s.b ru b a k e re c e iv e d a B a c h e lo r s d e g re e fro m th e U n iv e rs ity o fd e la w a re a n d is a n A re s ty S c h o la ro fth e Wh a rto n S c h o o l o fe x e c u tiv e E d u c a tio n.

68 A p p e n d ix 1 M a n a g e m e n tt e a m 6 2 S te v e C la rk,6 0,jo in e d WS F S B a n k in a n d h a s s e rv e d a s E x e c u tiv e V ic e P re s id e n ta n d C h ie fc o m m e rc ia l B a n k in g O fic e rs in c e M a y F ro m th ru ,M r.c la rk le d a n d m a n a g e d th e e s ta b lis h m e n to fth e M id d le M a rk e tle n d in g u n it,a n d in b e c a m e D iv is io n M a n a g e ro fth e B u s in e s s B a n k in g a n d M id d le M a rk e td iv is io n s.p rio rto ,h e s p e n t2 3 y e a rs in v a rio u s c o m m e rc ia l b a n k in g p o s itio n s a tp N C B a n k a n d its p re d e c e s s o rc o m p a n ie s.m r.c la rk re c e iv e d h is M B A in F in a n c e fro m Wid e n e ru n iv e rs ity a n d h is B a c h e lo r s D e g re e in B u s in e s s A d m in is tra tio n (M a rk e tin g )fro m th e U n iv e rs ity o fd e la w a re.p e g g y H.E d d e n s,6 2,E x e c u tiv e V ic e P re s id e n t,c h ie fa s s o c ia te a n d C u s to m e re x p e rie n c e O fic e r,jo in e d WS F S B a n k in F ro m to s h e w a s S e n io rv ic e P re s id e n tfo rh u m a n R e s o u rc e s a n d D e v e lo p m e n tfo rn e x T ie rb a n k,b u tle rp A.M s.e d d e n s re c e iv e d a M a s te ro fs c ie n c e D e g re e in H u m a n R e s o u rc e M a n a g e m e n tfro m L a R o c h e C o le g e a n d h e rb a c h e lo r s D e g re e in B u s in e s s A d m in is tra tio n w ith m in o rs in M a n a g e m e n ta n d P s y c h o lo g y fro m R o b e rtm o ris U n iv e rs ity.p a u l S.G re e n p la te,6 0,E x e c u tiv e V ic e P re s id e n ta n d C h ie fr is k O fic e r,jo in e d WS F S in a n d p rio rto h is le a d e rs h ip ro le in th e R is k D iv is io n,h e s e rv e d a s S e n io rv ic e P re s id e n ta n d T re a s u re r.a s E x e c u tiv e V ic e P re s id e n ta n d C h ie fr is k O fic e r,m r.g re e n p la te o v e rs e e s a l in d e p e n d e n tr is k M a n a g e m e n tfu n c tio n s in c lu d in g,c re d itr is k M a n a g e m e n t,r e a l E s ta te S e rv ic e s,a s s e tr e c o v e ry,e n te rp ris e R is k M a n a g e m e n t,l e g a l,in te rn a l A u d it,l o a n R e v ie w a n d R e g u la to ry C o m p lia n c e.m r.g re e n p la te g ra d u a te d fro m th e U n iv e rs ity o fd e la w a re w ith a B a c h e lo r s D e g re e in E c o n o m ic s.t h o m a s S te v e n s o n,6 5,h a s s e rv e d a s P re s id e n to fc a s h C o n n e c td iv is io n s in c e M r.s te v e n s o n jo in e d WS F S in a s E x e c u tiv e V ic e P re s id e n ta n d C h ie fin fo rm a tio n O fic e r.p rio rto jo in in g WS F S,M r.s te v e n s o n w a s th e M a n a g e ro fq u a lity A s s u ra n c e a te le c tro n ic P a y m e n ts e rv ic e s.m r.s te v e n s o n a te n d e d Wa y n e S ta te U n iv e rs ity a n d th e B a n k in g a n d F in a n c ia l S e rv ic e s p ro g ra m a th e U n iv e rs ity o fm ic h ig a n s G ra d u a te S c h o o l o fb u s in e s s A d m in is tra tio n.p a tric k J.Wa rd,6 2,jo in e d WS F S in A u g u s t a s E x e c u tiv e V ic e P re s id e n t,p e n n s y lv a n ia M a rk e tp re s id e n t.h e a ls o s e rv e s o n th e B o a rd o fd ire c to rs o fws F S F in a n c ia l C o rp o ra tio n.m r.wa rd h a s o v e r3 2 y e a rs o fb a n k in g in d u s try e x p e rie n c e a n d p re v io u s ly s e rv e d a s C h a irm a n a n d C E O o fp e n n L ib e rty B a n k.h e w a s a n E V P o fc itiz e n s B a n k o fp e n n s y lv a n ia fro m J a n u a ry u n til J a n u a ry P rio rth e re to,m r.wa rd s e rv e d a s P re s id e n ta n d C E O o fc o m m o n w e a lth B a n c o rp,in c.,th e h o ld in g c o m p a n y fo rc o m m o n w e a lth B a n k,u n til its a c q u is itio n b y C itiz e n s B a n k in J a n u a ry M r.wa rd is a g ra d u a te o fc a rn e g ie M e lo n U n iv e rs ity w ith a B a c h e l o r s D e g re e in E c o n o m ic s a n d e a rn e d a n M B A fro m th e U n iv e rs ity o fn o tre D a m e.r ic h a rd M.Wrig h t,6 5,E x e c u tiv e V ic e P re s id e n ta n d C h ie fr e ta il B a n k in g O fic e rs in c e F ro m to ,M r.wrig h tw a s E x e c u tiv e V ic e P re s id e n t,r e ta il B a n k in g a n d M a rk e tin g fo rd N B F irs tin D o w n in g to w n,p A.M r.wrig h tre c e iv e d h is M B A in M a n a g e m e n td e c is io n S y s te m s fro m th e U n iv e rs ity o fs o u th e rn C a lifo rn ia a n d h is B a c h e lo r s D e g re e in M a rk e tin g a n d E c o n o m ic s fro m C a lifo rn ia S ta te U n iv e rs ity.

69 A p p e n d ix 2 B u s in e s s M o d e l 6 3

70 A p p e n d ix 3 N o n -G A A P F in a n c ia l In fo rm a tio n T a n g ib le c o m m o n e q u ity to a s s e ts a n d T a n g ib le c o m m o n b o o k v a lu e p e rs h a re M o n th s E n d e d 3 M o n th s E n d e d 3 M o n th s E n d e d J u n e,3 0, M a rc h 3 1, J u n e 3 0, T o ta l A s s e ts $ 7,1 1 2,5 4 7 $ 6,9 8 7,9 3 1 $ 6,8 2 2,4 2 7 L e s s :G o o d w il a n d o th e rin ta n g ib le a s s e ts $ 1 8 7,2 5 9 $ 1 8 7,7 9 0 $ 1 8 9,9 8 3 T o ta l T a n g ib le A s s e ts $ 6,9 2 5,2 8 8 $ 6,8 0 0,1 4 1 $ 6,6 3 2,4 4 4 T o ta l S to c k h o ld e rs E q u ity $ 7 6 8,9 7 7 $ 7 4 6,2 7 9 $ 7 2 2,6 2 3 L e s s :G o o d w il a n d o th e rin ta n g ib le a s s e ts $ 1 8 7,2 5 9 $ 1 8 7,7 9 0 $ 1 8 9,9 8 3 T o ta l T a n g ib le C o m m o n E q u ity (n o n -G A A P )$ 5 8 1,7 1 8 $ 5 5 8,4 8 9 $ 5 3 2,6 4 0 T a n g ib le C o m m o n B o o k V a lu e P e rs h a re B o o k V a lu e p e rs h a re (G A A P )$ $ $ T a n g ib le C o m m o n B o o k V a lu e P e rs h a re (n o n -G A A P )$ $ $ T a n g ib le C o m m o n E q u ity to A s s e ts E q u ity to A s s e tr a tio (G A A P ) % % % T a n g ib le C o m m o n E q u ity to A s s e tr a tio (n o n -G A A P )8.4 0 % % %

71 6 5 A p p e n d ix 3 N o n -G A A P F in a n c ia l In fo rm a tio n C o re :G A A P R e c o n c ilia tio n T h re e m o n th s e n d e d J u n e 3 0, M a rc h 3 1, J u n e 3 0, G A A P n e t(lo s s )in c o m e $ 2 8,7 4 0 $ 3 7,3 5 0 $ 2 0,5 7 0 P lu s (le s s ):P re -ta x a d ju s tm e n ts :S e c u ritie s g a in s,u n re a liz e d g a in s,re c o v e ry o f/p ro v is io n fo rfra u d lo s s a n d c o rp o ra te d e v e lo p m e n tc o s ts (1 7,0 3 2 )(3 4 2 )(P lu s )/le s s :T a x im p a c to fp re -ta x a d ju s tm e n ts (1 0 8 )4, N o n -G A A P n e tin c o m e $ 2 9,0 8 9 $ 2 4,3 8 9 $ 2 0,3 4 8 G A A P re tu rn o n a v e ra g e a s s e ts (R O A )1.6 5 % % % P lu s (le s s ):P re -ta x a d ju s tm e n ts :S e c u ritie s g a in s,u n re a liz e d g a in s,re c o v e ry o f/p ro v is io n fo rfra u d lo s s a n d c o rp o ra te d e v e lo p m e n tc o s ts (1.0 1 )(0.0 2 )(P lu s )le s s :T a x im p a c to fp re -ta x a d ju s tm e n ts (0.0 1 ) C o re R O A (n o n -G A A P )1.6 7 % % % E P S (G A A P )$ $ $ P lu s (le s s ):P re -ta x a d ju s tm e n ts :S e c u ritie s g a in s,u n re a liz e d g a in s,re c o v e ry o f/p ro v is io n fo rfra u d lo s s a n d c o rp o ra te d e v e lo p m e n tc o s ts (0.5 3 )(0.0 1 )(P lu s )le s s :T a x im p a c to fp re -ta x a d ju s tm e n ts C o re E P S (n o n -G A A P )$ $ $ C a lc u la tio n o fre tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity :G A A P n e t(lo s s )in c o m e $ 2 8,7 4 0 $ 3 7,3 5 0 $ 2 0,5 7 0 P lu s :T a x e fe c te d a m o rtiz a tio n o fin ta n g ib le a s s e ts N e ta n g ib le in c o m e (n o n -G A A P )$ 2 9,2 8 3 $ 3 7,8 9 1 $ 2 1,0 4 4 A v e ra g e s h a re h o ld e rs e q u ity $ 7 5 7,4 1 6 $ 7 2 5,7 1 4 $ 7 1 3,7 8 1 L e s s :a v e ra g e g o o d w il a n d in ta n g ib le a s s e ts 1 8 7, , ,1 2 5 N e ta v e ra g e ta n g ib le c o m m o n e q u ity $ 5 6 9,8 3 9 $ 5 3 7,5 0 5 $ 5 2 3,6 5 6 R e tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity (n o n -G A A P ) % % % C a lc u la tio n o fc o re re tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity :N o n -G A A P n e tin c o m e $ 2 9,0 8 9 $ 2 4,3 8 9 $ 2 0,3 4 8 P lu s :T a x e fe c te d a m o rtiz a tio n o fin ta n g ib le a s s e ts C o re n e ta n g ib le in c o m e (n o n -G A A P )$ 2 9,6 3 2 $ 2 4,9 3 0 $ 2 0,8 2 2 N e ta v e ra g e ta n g ib le c o m m o n e q u ity $ 5 6 9,8 3 9 $ 5 3 7,5 0 5 $ 5 2 3,6 5 6 C o re re tu rn o n a v e ra g e ta n g ib le c o m m o n e q u ity (n o n -G A A P ) % % %

72 A p p e n d ix 3 N o n -G A A P F in a n c ia l In fo rm a tio n C o re :G A A P R e c o n c ilia tio n 6 6 (1 )N e tin te re s tin c o m e p lu s C o re N o n -in te re s tin c o m e.(2 )N o n in te re s te x p e n s e d iv id e d b y (ta x -e q u iv a le n t)n e tin te re s tin c o m e p lu s n o n in te re s tin c o m e.(3 )C o re n o n in te re s te x p e n s e d iv id e d b y (ta x -e q u iv a le n t)n e tin te re s tin c o m e p lu s c o re n o n in te re s tin c o m e.(4 )N o n in te re s tin c o m e d iv id e d b y (ta x e q u iv a le n t)n e tin te re s tin c o m e a n d n o n in te re s tin c o m e.(5 )C o re n o n in te re s tin c o m e d iv id e d b y (ta x e q u iv a le n t)n e tin te re s tin c o m e a n d c o re n o n in te re s tin c o m e 3 M o n th s E n d e d 3 M o n th s E n d e d 3 M o n th s E n d e d J u n e,3 0, M a rc h 3 1, J u n e 3 0, N e tin te re s tin c o m e (G A A P )$ 6 0,9 8 9 $ 5 7,7 1 4 $ 5 4,3 1 4 C o re N e tin te re s tin c o m e (n o n -G A A P )$ 6 0,9 8 9 $ 5 7,7 1 4 $ 5 4,3 1 4 N o n in te re s tin c o m e (G A A P )$ 3 4,9 8 7 $ 4 7,4 6 7 $ 3 1,6 7 6 L e s s :U n re a liz e d g a in s o n e q u ity in v e s tm e n t($ 1 5,3 4 6 )L e s s :S e c u ritie s g a in s ($ 2 1 )($ )C o re N o n -in te re s tin c o m e (n o n -G A A P )$ 3 4,9 8 7 $ 3 2,1 0 0 $ 3 0,9 6 8 C o re N e tr e v e n u e (1 )(n o n -G A A P )$ 9 5,9 7 6 $ 8 9,8 1 4 $ 8 5,2 8 2 C o re N e tr e v e n u e (n o n -G A A P )(ta x -e q u iv a le n t)$ 9 6,3 1 6 $ 9 0,1 5 8 $ 8 6,0 0 0 N o n in te re s te x p e n s e (G A A P )$ 5 7,8 3 1 $ 5 3,4 1 2 $ 5 2,7 2 7 L e s s :C o rp o ra te D e v e lo p m e n t($ )($ )P lu s /L e s s :(R e c o v e ry o f)/p ro v is io n fo rfra u d L o s s $ 1, C o re N o n in te re s te x p e n s e $ 5 7,3 7 4 $ 5 5,0 7 7 $ 5 2,3 6 1 E fic ie n c y R a tio (R e p o rte d )(2 ) % % % C o re E fic ie n c y R a tio (3 )5 9.6 % % % F e e In c o m e /T o ta l R e v e n u e (4 ) % % % C o re F e e In c o m e /T o ta l R e v e n u e (5 )3 6.3 % % %

73 A p p e n d ix 3 N o n -G A A P F in a n c ia l In fo rm a tio n C o re & S u s ta in a b le R O A :G A A P R e c o n c ilia tio n 6 7 F Y 1 7 F Y 1 6 F Y 1 5 F Y 1 4 F Y 1 3 F Y 1 2 R e p o rte d (G A A P )R O A N o n -re c u rin g P C Ia c c re tio n (0.0 2 )L o n g -te rm c re d itn o rm a liz a tio n (0.0 0 )0.0 4 (0.0 0 )(0.0 9 )(0.0 5 )0.3 3 S e c u ritie s G a in s (0.0 2 )(0.0 3 )(0.0 2 )(0.0 1 )(0.0 5 )(0.3 3 )S A S C O w rite u p (0.0 6 )C o rp o ra te D e v e lo p m e n te x p e n s e D e b te x tin g u is h m e n t F H L B D iv id e n d (0.0 1 )B O L I(0.0 2 )F ra u d L o s s C o n trib u tio n T a x N o rm a liz a tio n (0.0 1 )0.0 2 (0.1 8 )(0.0 1 )0.0 0 C o re & S u s ta in a b le R O A Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q 1 2 R e p o rte d (G A A P )R O A (0.5 6 ) N o n -re c u rin g P C Ia c c re tio n (0.0 7 )L o n g -te rm c re d itn o rm a liz a tio n ( ) (0.0 3 )(0.0 2 ) (0.0 5 )(0.0 5 )0.0 0 (0.0 4 )0.1 0 (0.0 7 )(0.1 1 )(0.1 2 )(0.1 3 )0.0 1 (0.0 4 )(0.0 3 )(0.0 3 )(0.1 1 )0.0 8 S e c u ritie s G a in s (0.7 1 )(0.0 1 )(0.0 2 )(0.0 3 )(0.0 1 )(0.0 2 )(0.0 4 )(0.0 3 )(0.0 1 )(0.0 2 )(0.0 1 )(0.0 2 )(0.0 3 ) (0.0 2 )(0.0 3 )(0.0 4 )(0.0 2 )(0.0 5 )(0.1 0 )(0.2 2 )S A S C O w rite u p (0.2 2 )C o rp o ra te D e v e lo p m e n te x p e n s e D e b te x tin g u is h m e n t F H L B D iv id e n d (0.0 5 )F ra u d L o s s (re c o v e ry )(0.0 6 )0.1 0 C o n trib u tio n L e g a l S e tle m e n t0.4 4 T a x N o rm a liz a tio n ( )(0.0 2 ) (0.0 2 )(0.0 6 )(0.0 2 )0.0 0 (0.0 4 ) (0.0 4 )(0.0 2 )(0.0 1 )(0.6 2 )(0.0 3 )C o re & S u s ta in a b le R O A

74 S to c k h o ld e rs o ro th e rs s e e k in g in fo rm a tio n re g a rd in g th e C o m p a n y m a y c a l o rw rite :WS F S F in a n c ia l C o rp o ra tio n In v e s to rr e la tio n s WS F S B a n k C e n te r5 0 0 D e la w a re A v e n u e Wilm in g to n,d E s to c k h o ld e re la tio n s fs b a n k.c o m w w w.w s fs b a n k.c o m 6 8 M a rk A.T u rn e rc h a irm a n,p re s id e n ta n d C E O m tu rn e s fs b a n k.c o m R o d g e rl e v e n s o n C h ie fo p e ra tin g O fic e r rle v e n s o s fs b a n k.c o m D o m in ic C.C a n u s o C h ie ff in a n c ia l O fic e r d c a n u s s fs b a n k.c o m

MOLINA HEALTHCARE, INC. (Exact name of registrant as specified in its charter)

MOLINA HEALTHCARE, INC. (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter)

THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C Form 8-K/A (Amendment No. 2)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C Form 8-K/A (Amendment No. 2) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K/A (Amendment No. 2) Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report

More information

TTM TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Charter)

TTM TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 November 15, 2006

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K. Farmer Bros. Co.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K. Farmer Bros. Co. UNITED STATES 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

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K UNITED STATES 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

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K Table of Contents UNITED STATES 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

More information

McCormick & Company, Incorporated (Exact name of registrant as specified in its charter)

McCormick & Company, Incorporated (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

TECH DATA CORPORATION (Exact name of registrant as specified in its charter)

TECH DATA CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 8-K. Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 8-K. Current Report UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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

More information

LU N C H IN C LU D E D

LU N C H IN C LU D E D Week 1 M o n d a y J a n u a ry 7 - C o lo u rs o f th e R a in b o w W e w ill b e k ic k in g o ff th e h o lid a y s w ith a d a y fu ll o f c o lo u r! J o in u s fo r a ra n g e o f a rt, s p o rt

More information

Matador Resources Company (Exact name of registrant as specified in its charter)

Matador Resources Company (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

c. What is the average rate of change of f on the interval [, ]? Answer: d. What is a local minimum value of f? Answer: 5 e. On what interval(s) is f

c. What is the average rate of change of f on the interval [, ]? Answer: d. What is a local minimum value of f? Answer: 5 e. On what interval(s) is f Essential Skills Chapter f ( x + h) f ( x ). Simplifying the difference quotient Section. h f ( x + h) f ( x ) Example: For f ( x) = 4x 4 x, find and simplify completely. h Answer: 4 8x 4 h. Finding the

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K CURRENT REPORT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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

More information

Form 8-K. Piedmont Office Realty Trust, Inc. (Exact name of registrant as specified in its charter)

Form 8-K. Piedmont Office Realty Trust, Inc. (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

600 Billy Smith Road, Athens, VT

600 Billy Smith Road, Athens, VT 600 Billy Smith Road, Athens, VT Curtis Trousdale, Owner, Broker, Realtor Cell: 802-233-5589 curtis@preferredpropertiesvt.com 2004 Williston Road, South Burlington VT 05403 www.preferredpropertiesvt.com

More information

Class Diagrams. CSC 440/540: Software Engineering Slide #1

Class Diagrams. CSC 440/540: Software Engineering Slide #1 Class Diagrams CSC 440/540: Software Engineering Slide # Topics. Design class diagrams (DCDs) 2. DCD development process 3. Associations and Attributes 4. Dependencies 5. Composition and Constraints 6.

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K 9/3/2014 8-K 081814 8-K 1 a8-k081814.htm 8-K UNITED STATES 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

More information

ANNUAL MONITORING REPORT 2000

ANNUAL MONITORING REPORT 2000 ANNUAL MONITORING REPORT 2000 NUCLEAR MANAGEMENT COMPANY, LLC POINT BEACH NUCLEAR PLANT January 1, 2000, through December 31, 2000 April 2001 TABLE OF CONTENTS Executive Summary 1 Part A: Effluent Monitoring

More information

AGRICULTURE SYLLABUS

AGRICULTURE SYLLABUS Agriculture Forms 1-4.qxp_Layout 1 26/10/2016 12:29 PM Page 1 ZIMBABWE MInISTRY OF PRIMARY AnD SECOnDARY EDUCATIOn AGRICULTURE SYLLABUS FORM 1-4 2015-2022 Curriculum Development and Technical Services,

More information

Grain Reserves, Volatility and the WTO

Grain Reserves, Volatility and the WTO Grain Reserves, Volatility and the WTO Sophia Murphy Institute for Agriculture and Trade Policy www.iatp.org Is v o la tility a b a d th in g? De pe n d s o n w h e re yo u s it (pro d uc e r, tra d e

More information

gender mains treaming in Polis h practice

gender mains treaming in Polis h practice gender mains treaming in Polis h practice B E R L IN, 1 9-2 1 T H A P R IL, 2 O O 7 Gender mains treaming at national level Parliament 25 % of women in S ejm (Lower Chamber) 16 % of women in S enat (Upper

More information

A L A BA M A L A W R E V IE W

A L A BA M A L A W R E V IE W A L A BA M A L A W R E V IE W Volume 52 Fall 2000 Number 1 B E F O R E D I S A B I L I T Y C I V I L R I G HT S : C I V I L W A R P E N S I O N S A N D TH E P O L I T I C S O F D I S A B I L I T Y I N

More information

B ooks Expans ion on S ciencedirect: 2007:

B ooks Expans ion on S ciencedirect: 2007: B ooks Expans ion on S ciencedirect: 2007: 1 INFORUM, 22-24 May, Prague Piotr Golkiewicz Account Manager Elsevier B.V. Email: p.golkiewicz@elsevier.com Mobile: +48 695 30 60 17 2 Pres entation Overview

More information

CareTrust REIT, Inc. (Exact name of registrant as specified in its charter)

CareTrust REIT, Inc. (Exact name of registrant as specified in its charter) UNITED STATES 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

More information

TECHNICAL MANUAL OPTIMA PT/ST/VS

TECHNICAL MANUAL OPTIMA PT/ST/VS TECHNICAL MANUAL OPTIMA PT/ST/VS Page 2 NT1789 Rév.A0 TABLE OF CHANGES The information contained in this document only concerns : OPTIMA PT/ST/VS type, MCM 440 PT/OT type, MCM550 ST type. Technical Manual

More information

NORWEGIAN MARITIME DIRECTORATE

NORWEGIAN MARITIME DIRECTORATE PAME Snap shot Analysis NORWEGIAN MARITIME DIRECTORATE PAME Snap Shot Analysis of Maritime Activities in the Arctic Revision No. 01 REPORT NO. 2000-3220 Page 1 PAME Snap shot Analysis Table of Contents

More information

M a n a g e m e n t o f H y d ra u lic F ra c tu rin g D a ta

M a n a g e m e n t o f H y d ra u lic F ra c tu rin g D a ta M a n a g e m e n t o f H y d ra u lic F ra c tu rin g D a ta M a rc h 2 0 1 5, A n n a F ilip p o v a a n d J e re m y E a d e 1 W h a t is H y d ra u lic F ra c tu rin g? Im a g e : h ttp ://w w w.h

More information

STEEL PIPE NIPPLE BLACK AND GALVANIZED

STEEL PIPE NIPPLE BLACK AND GALVANIZED Price Sheet Effective August 09, 2018 Supersedes CWN-218 A Member of The Phoenix Forge Group CapProducts LTD. Phone: 519-482-5000 Fax: 519-482-7728 Toll Free: 800-265-5586 www.capproducts.com www.capitolcamco.com

More information

T E S L A T O A C Q U I R E S O L A R C I T Y

T E S L A T O A C Q U I R E S O L A R C I T Y T E S L A T O A C Q U I R E S O L A R C I T Y C R E A T I N G T H E W O R L D S L E A D I N G S U S T A I N A B L E E N E R G Y C O M P A N Y I N V E S T O R P R E S E N T A T I O N A u g u s t 1, 2 0

More information

Section 1: 8 K (AMJ Q4 FY15 POWERPOINT)

Section 1: 8 K (AMJ Q4 FY15 POWERPOINT) Go to... Toggle SGML Header (+) Section 1: 8 K (AMJ Q4 FY15 POWERPOINT) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8 K CURRENT REPORT Pursuant to Section 13 OR 15(d) of

More information

Functional pottery [slide]

Functional pottery [slide] Functional pottery [slide] by Frank Bevis Fabens A thesis submitted in partial fulfillment of the requirements for the degree of Master of Fine Arts Montana State University Copyright by Frank Bevis Fabens

More information

Form and content. Iowa Research Online. University of Iowa. Ann A Rahim Khan University of Iowa. Theses and Dissertations

Form and content. Iowa Research Online. University of Iowa. Ann A Rahim Khan University of Iowa. Theses and Dissertations University of Iowa Iowa Research Online Theses and Dissertations 1979 Form and content Ann A Rahim Khan University of Iowa Posted with permission of the author. This thesis is available at Iowa Research

More information

NOBLE ENERGY, INC. (Exact name of Registrant as specified in its charter)

NOBLE ENERGY, INC. (Exact name of Registrant as specified in its charter) UNITED STATES 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

More information

MONTHLY REVIEW. f C r e d i t a n d B u s i n e s s C o n d i t i o n s F E D E R A L R E S E R V E B A N K O F N E W Y O R K MONEY MARKET IN JUNE

MONTHLY REVIEW. f C r e d i t a n d B u s i n e s s C o n d i t i o n s F E D E R A L R E S E R V E B A N K O F N E W Y O R K MONEY MARKET IN JUNE MONTHLY REVIEW O f C r e d i t a n d B u s i n e s s C o n d i t i o n s F E D E R A L R E S E R V E B A N K O F N E W Y O R K V o l u m e 38 J U L Y 1956 No. 7 P re s su re s o n m e m b e r b a n k re

More information

1980 Annual Report / FEDERAL R ESER V E BA N K OF RICHMOND. Digitized for FRASER Federal Reserve Bank of St.

1980 Annual Report / FEDERAL R ESER V E BA N K OF RICHMOND. Digitized for FRASER   Federal Reserve Bank of St. 1980 Annual Report / FEDERAL R ESER V E BA N K OF RICHMOND IS S N 0164-0798 L IB R A R Y OK C O N G R E SS C A T A L O G C A R D N U M B E R : 16-72o4 Additional <

More information

M. H. DALAL & ASSOCIATES C H ARTERED ACCOUNTANTS

M. H. DALAL & ASSOCIATES C H ARTERED ACCOUNTANTS M. H. DALAL & ASSOCIATES C H ARTERED ACCOUNTANTS 301/308, Balaji D arshan, Tilak R oad, Santacruz (W ), M um bai - 400 054. Phone : 26494807 : 26490862 E-m ail: m hdalal@ gm ail.com W ebsite: w w w.dalalgroup.in

More information

Sub: Filing of Reconciliation of share capital for the quarter ended September 30, 2018

Sub: Filing of Reconciliation of share capital for the quarter ended September 30, 2018 I N D I A Tl F in an c ial H o ld in g s L im ite d (F o rm e rly k n o w n as T u b e In v e s tm e n ts o f In d ia L im ite d ) Dare House, 234, N.S.C. Bose Road, Chennai 600 001, India Tel: 91.44.4217

More information

BIRLA ERICSSON OPTICAL LIMITED

BIRLA ERICSSON OPTICAL LIMITED OPTICAL LIMITED ANNUAL REPORT 2012-13 BOARD OF DIRECTORS MR.HARSH V. LODHA MR.D.R.BANSAL MR.MAGNUS KREUGER [ALTERNATE MR.DINESH CHANDA] MR.MATS O.HANSSON [ALTERNATE MR.S.K.DAGA] MR.R.C.TAPURIAH DR.ARAVIND

More information

Country Report Government (Part I) Due: November 14, 2017

Country Report Government (Part I) Due: November 14, 2017 Country Report Government (Part I) Due: November 14, 2017 o The government has a total of three sections: government, flag, and national anthem. You will start by researching your government. o Step 1:

More information

The Effects of Apprehension, Conviction and Incarceration on Crime in New York State

The Effects of Apprehension, Conviction and Incarceration on Crime in New York State City University of New York (CUNY) CUNY Academic Works Dissertations, Theses, and Capstone Projects Graduate Center 1978 The Effects of Apprehension, Conviction and Incarceration on Crime in New York State

More information

Distributive Justice, Injustice and Beyond Justice: The Difference from Principle to Reality between Karl Marx and John Rawls

Distributive Justice, Injustice and Beyond Justice: The Difference from Principle to Reality between Karl Marx and John Rawls W CP 2 0 0 8 P ro c e e d in g s V o l.5 0 S o cia l a n d P o litic a l P h ilo s o p h y Distributive Justice, Injustice and Beyond Justice: The Difference from Principle to Reality between Karl Marx

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-D

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the

More information

SCHOOLS DIVISION OFFICE OF KABANKALAN CITY

SCHOOLS DIVISION OFFICE OF KABANKALAN CITY D e fje D DEPARTMENT \ g OF EDUCATION Republic of the Philippines Department o f Education Negros Island Region SCHOOLS DIVISION OFFICE OF KABANKALAN CITY City o f Kabankalan Tel.No (034) 471-2003 Fax

More information

University Microfilms

University Microfilms University Microfilms International * i---------------------------------------------------------- ----------------------- MICROCOPY RESOLUTION TEST CHART N ATIO NAL HI IH l A l l o t ST AN PAR P S II A

More information

Vlaamse Overheid Departement Mobiliteit en Openbare Werken

Vlaamse Overheid Departement Mobiliteit en Openbare Werken Vlaamse Overheid Departement Mobiliteit en Openbare Werken Waterbouwkundig Laboratorium Langdurige metingen Deurganckdok: Opvolging en analyse aanslibbing Bestek 16EB/05/04 Colofon Ph o to c o ve r s h

More information

Results as of 30 September 2018

Results as of 30 September 2018 rt Results as of 30 September 2018 F r e e t r a n s l a t ion f r o m t h e o r ig ina l in S p a n is h. I n t h e e v e n t o f d i s c r e p a n c y, t h e Sp a n i s h - la n g u a g e v e r s ion

More information

REFUGEE AND FORCED MIGRATION STUDIES

REFUGEE AND FORCED MIGRATION STUDIES THE OXFORD HANDBOOK OF REFUGEE AND FORCED MIGRATION STUDIES Edited by ELENA FIDDIAN-QASMIYEH GIL LOESCHER KATY LONG NANDO SIGONA OXFORD UNIVERSITY PRESS C o n t e n t s List o f Abbreviations List o f

More information

Report Documentation Page

Report Documentation Page % &('()*! "$# +-,/. 0214365*798;:@:(021BAC3ED=1FG1H3@D=1H3?IJ86KL3=1M!KON$:IPKOQ?3SR3@0?KO3@1 TVUXWY Z[VY \

More information

S U E K E AY S S H A R O N T IM B E R W IN D M A R T Z -PA U L L IN. Carlisle Franklin Springboro. Clearcreek TWP. Middletown. Turtlecreek TWP.

S U E K E AY S S H A R O N T IM B E R W IN D M A R T Z -PA U L L IN. Carlisle Franklin Springboro. Clearcreek TWP. Middletown. Turtlecreek TWP. F R A N K L IN M A D IS O N S U E R O B E R T LE IC H T Y A LY C E C H A M B E R L A IN T W IN C R E E K M A R T Z -PA U L L IN C O R A O W E N M E A D O W L A R K W R E N N LA N T IS R E D R O B IN F

More information

SECURITIES AND EXCHANGE COMMISSION FORM 10-D. Filing Date: Period of Report: SEC Accession No

SECURITIES AND EXCHANGE COMMISSION FORM 10-D. Filing Date: Period of Report: SEC Accession No SECURITIES AND EXCHANGE COMMISSION FORM 10-D Periodic distribution reports by Asset-Backed issuers pursuant to Rule 13a-17 or 15d-17 Filing Date: 2007-12-06 Period of Report: 2007-11-26 SEC Accession No.

More information

NEWS RELEASE. Mountain Province Diamonds Reports Additional Kimberlite Identified in Gahcho Kué Exploration Program

NEWS RELEASE. Mountain Province Diamonds Reports Additional Kimberlite Identified in Gahcho Kué Exploration Program NEWS RELEASE September 17, 2018 TSX and NASDAQ: MPVD Mountain Province Diamonds Reports Additional Kimberlite Identified in Gahcho Kué Exploration Program Toronto and New York, September 17, 2018 Mountain

More information

Dangote Flour Mills Plc

Dangote Flour Mills Plc SUMMARY OF OFFER Opening Date 6 th September 27 Closing Date 27 th September 27 Shares on Offer 1.25bn Ord. Shares of 5k each Offer Price Offer Size Market Cap (Post Offer) Minimum Offer N15. per share

More information

NEWS RELEASE. Mountain Province Diamonds Completes the Kennady North Winter Exploration Program

NEWS RELEASE. Mountain Province Diamonds Completes the Kennady North Winter Exploration Program NEWS RELEASE May 23, 2018 TSX and NASDAQ: MPVD Mountain Province Diamonds Completes the Kennady North Winter Exploration Program Toronto and New York, May 23, 2018 Mountain Province Diamonds Inc. ( Mountain

More information

EKOLOGIE EN SYSTEMATIEK. T h is p a p e r n o t to be c i t e d w ith o u t p r i o r r e f e r e n c e to th e a u th o r. PRIMARY PRODUCTIVITY.

EKOLOGIE EN SYSTEMATIEK. T h is p a p e r n o t to be c i t e d w ith o u t p r i o r r e f e r e n c e to th e a u th o r. PRIMARY PRODUCTIVITY. EKOLOGIE EN SYSTEMATIEK Ç.I.P.S. MATHEMATICAL MODEL OF THE POLLUTION IN NORT H SEA. TECHNICAL REPORT 1971/O : B i o l. I T h is p a p e r n o t to be c i t e d w ith o u t p r i o r r e f e r e n c e to

More information

Joh n L a w r e n c e, w ho is on sta ff at S ain t H ill, w r ite s :

Joh n L a w r e n c e, w ho is on sta ff at S ain t H ill, w r ite s : Minor Issue 168 S C I E N T O L O G Y A N D C H I L D R E N T h e r e a r e at p r e s e n t no b o o k s a v a ila b le on th e su b je c t of te a c h in g S c ie n to lo g y to c h ild r e n. A s th

More information

The Ability C ongress held at the Shoreham Hotel Decem ber 29 to 31, was a reco rd breaker for winter C ongresses.

The Ability C ongress held at the Shoreham Hotel Decem ber 29 to 31, was a reco rd breaker for winter C ongresses. The Ability C ongress held at the Shoreham Hotel Decem ber 29 to 31, was a reco rd breaker for winter C ongresses. Attended by m ore than 3 00 people, all seem ed delighted, with the lectu res and sem

More information

@ *?? ^ % ^ J*

@ *?? ^ % ^ J* M A R IN E & O F F S H O R E C A B L E S m m @ B O g g B @ *?? @-@ ^ % ^ - @* J* M a r in e a n d o ffs h o re s ta n d a rd s a n d te s ts IE C 6 0 0 9 2-3 50 \ le ctrica l in sta llatio n s in s h ip

More information

LSU Historical Dissertations and Theses

LSU Historical Dissertations and Theses Louisiana State University LSU Digital Commons LSU Historical Dissertations and Theses Graduate School 1976 Infestation of Root Nodules of Soybean by Larvae of the Bean Leaf Beetle, Cerotoma Trifurcata

More information

Strategic Phase 2 Exploration Program Launched at Island Gold High-Grade Resource Potential Identified Laterally and at Depth

Strategic Phase 2 Exploration Program Launched at Island Gold High-Grade Resource Potential Identified Laterally and at Depth PRESS RELEASE TSX NYSE MKT: RIC Strategic Phase 2 Exploration Program Launched at Island Gold High-Grade Resource Potential Identified Laterally and at Depth Deep Drilling Intersects 18.63 g/t over 6.60

More information

Highlights from the four holes announced in this news release include:

Highlights from the four holes announced in this news release include: November 20, 2017 OTCQB: SVBL, TSX: SVB SILVER BULL INTERSECTS 9 METERS OF SULPHIDE MINERALIZATION GRADING 20.7% ZINC, 1% LEAD AND 98G/T SILVER, INCLUDING 3.65 METERS OF MASSIVE SULPHIDE MINERALIZATION

More information

Software Architecture. CSC 440: Software Engineering Slide #1

Software Architecture. CSC 440: Software Engineering Slide #1 Software Architecture CSC 440: Software Engineering Slide #1 Topics 1. What is software architecture? 2. Why do we need software architecture? 3. Architectural principles 4. UML package diagrams 5. Software

More information

INVESTORS AND CAPITAL MARKETS DAY O c t o b e r 15-16, 2015

INVESTORS AND CAPITAL MARKETS DAY O c t o b e r 15-16, 2015 INVESTORS AND CAPITAL MARKETS DAY O c t o b e r 15-16, 2015 N A S : The B e n c h m a r k S t a i n l e s s S t e e l P l a y e r M A R Y J E A N R I L E Y N A S V i c e P r e s i d e n t, F i n a n c

More information

June 4, 2014 News Release Valley of the Kings Exploration Program Underway; Project Update

June 4, 2014 News Release Valley of the Kings Exploration Program Underway; Project Update June 4, 2014 News Release 14-13 Valley of the Kings Exploration Program Underway; Project Update Vancouver, British Columbia June 4, 2014; Pretium Resources Inc. (TSX/NYSE:PVG) ( Pretivm ) is pleased to

More information

The new sulphide mineralization lies within a 1.4 kilometer long east-west trending

The new sulphide mineralization lies within a 1.4 kilometer long east-west trending June 17, 2015 NYSE-MKT: SVBL, TSX: SVB SILVER BULL IDENTIFIES NEW MASSIVE SULPHIDE MINERALIZATION GRADING 690G/T SILVER, 1% COPPER, 4.8% LEAD AND 15.25% ZINC AT THE SIERRA MOJADA PROJECT, COAHUILA, MEXICO.

More information

Transaction Cost Economics of Port Performance: A Composite Frontier Analysis

Transaction Cost Economics of Port Performance: A Composite Frontier Analysis IFSPA 2010 Chengdu, China Transaction Cost Economics of Port Performance: A Composite Frontier Analysis Presentation by: John Liu Director, C.Y. Tung International Centre for Maritime Studies Department

More information

Capacitor Discharge called CD welding

Capacitor Discharge called CD welding TROUBLE SHOOTING OF STUD WELDING (EQUPMENT) We see several time, that the two main principles of Studwelding are mixed up therefor I will start to repeat short the welding methods. Capacitor Discharge

More information

Photo. EPRI s Power System and Railroad Electromagnetic Compatibility Handbook

Photo. EPRI s Power System and Railroad Electromagnetic Compatibility Handbook Photo EPRI s Power System and Railroad Electromagnetic Compatibility Handbook Brian Cramer Project Manager Transmission and Substations bcramer@epri.com 815/478-5344 Problem Periodic false activation of

More information

Executive Committee and Officers ( )

Executive Committee and Officers ( ) Gifted and Talented International V o l u m e 2 4, N u m b e r 2, D e c e m b e r, 2 0 0 9. G i f t e d a n d T a l e n t e d I n t e r n a t i o n a2 l 4 ( 2), D e c e m b e r, 2 0 0 9. 1 T h e W o r

More information

VERITAS L1 trigger Constant Fraction Discriminator. Vladimir Vassiliev Jeremy Smith David Kieda

VERITAS L1 trigger Constant Fraction Discriminator. Vladimir Vassiliev Jeremy Smith David Kieda VERITAS L trigger Constant Fraction Discriminator Vladimir Vassiliev Jeremy Smith David Kieda Content Night Sky Background Noise Traditional Threshold Discriminator Constant Fraction Discriminator CFD:

More information

Interval (meters) To (meters)

Interval (meters) To (meters) 200 Burrard Street, Suite 650 Tel: 604.801.5432 Vancouver, BC V6C 3L6 Fax: 604.662.8829 TSX-V: VG NEWS RELEASE Shallow RC drilling at the WAMA property returns intervals of 4m @ 30.57 g/t Au, 3m @ 19.39

More information

June 4, 2015 News Release Valley of the Kings Underground Infill Drilling Underway

June 4, 2015 News Release Valley of the Kings Underground Infill Drilling Underway June 4, 2015 News Release 15-10 Valley of the Kings Underground Infill Drilling Underway Vancouver, British Columbia June 4, 2015; Pretium Resources Inc. (TSX/NYSE:PVG) ( Pretivm or the Company ) is pleased

More information

Beechwood Music Department Staff

Beechwood Music Department Staff Beechwood Music Department Staff MRS SARAH KERSHAW - HEAD OF MUSIC S a ra h K e rs h a w t r a i n e d a t t h e R oy a l We ls h C o l le g e of M u s i c a n d D ra m a w h e re s h e ob t a i n e d

More information

heliozoan Zoo flagellated holotrichs peritrichs hypotrichs Euplots, Aspidisca Amoeba Thecamoeba Pleuromonas Bodo, Monosiga

heliozoan Zoo flagellated holotrichs peritrichs hypotrichs Euplots, Aspidisca Amoeba Thecamoeba Pleuromonas Bodo, Monosiga Figures 7 to 16 : brief phenetic classification of microfauna in activated sludge The considered taxonomic hierarchy is : Kingdom: animal Sub kingdom Branch Class Sub class Order Family Genus Sub kingdom

More information

Kelly Creek Basin. EXPLORATION UPDATE June 23, Reno Office 10 Greg Street, Suite 170 Sparks, Nevada

Kelly Creek Basin. EXPLORATION UPDATE June 23, Reno Office 10 Greg Street, Suite 170 Sparks, Nevada Kelly Creek Basin EXPLORATION UPDATE June 23, 2016 Reno Office 10 Greg Street, Suite 170 Sparks, Nevada 89431 775-359-7740 Vancouver Office 1500 885 West Georgia Street Vancouver, B.C. V6C 3E8 604-601-2006

More information

NATO and Canada, : The Tight-Lipped Ally

NATO and Canada, : The Tight-Lipped Ally Canadian Military History Volume 24 Issue 2 Article 9 11-23-2015 NATO and Canada, 1990-1993: The Tight-Lipped Ally Ian Weatherall Recommended Citation Ian Weatherall (2015) "NATO and Canada, 1990-1993:

More information

C o r p o r a t e l i f e i n A n c i e n t I n d i a e x p r e s s e d i t s e l f

C o r p o r a t e l i f e i n A n c i e n t I n d i a e x p r e s s e d i t s e l f C H A P T E R I G E N E S I S A N D GROWTH OF G U IL D S C o r p o r a t e l i f e i n A n c i e n t I n d i a e x p r e s s e d i t s e l f i n a v a r i e t y o f f o r m s - s o c i a l, r e l i g i

More information

High Capacity Double Pillar Fully Automatic Bandsaw. p h a r o s 2 8 0

High Capacity Double Pillar Fully Automatic Bandsaw. p h a r o s 2 8 0 High Capacity Double Pillar Fully Automatic Bandsaw p h a r o s 2 8 0 A high-quality product from German mechanical engineering pharos - a beacon amongst automatic bandsaws Klaeger has been a leading manufacturer

More information

7.2 P rodu c t L oad/u nload Sy stem s

7.2 P rodu c t L oad/u nload Sy stem s 7.2 P rodu c t L oad/u nload Sy stem s The 10" or 12" augers, or the 10" conveyor are high capacity load/unload systems with hydraulic controls to manoeuvre and operate. The hydraulic assist allows the

More information

Texas Student Assessment Program. Student Data File Format for Student Registration and Precoding

Texas Student Assessment Program. Student Data File Format for Student Registration and Precoding Texas Student Assessment Program 2018 Student Data File Format for Student Registration and Precoding 2 2018 Student Data File Format for Student Registration and Precoding Submission Schedule of Student

More information

CHAPTER 6 SUMMARV, m a in FINDIN6S AND C0NCUL5I0NS

CHAPTER 6 SUMMARV, m a in FINDIN6S AND C0NCUL5I0NS CHAPTER 6 SUMMARV, m a in FINDIN6S AND C0NCUL5I0NS 6.1; AFRICA AND SOUTHERN AFRICA Africa was the world's first continent where not only man evolved but also the human civilization. It is the largest continent

More information

QMX GOLD INTERSECTS 29.8 G/T AU OVER 3.0 METERS AND 19.3 G/T AU OVER 3.2 METERS AT BONNEFOND

QMX GOLD INTERSECTS 29.8 G/T AU OVER 3.0 METERS AND 19.3 G/T AU OVER 3.2 METERS AT BONNEFOND 65 Queen Street West Suite 815 Toronto, Ontario Canada M5H 2M5 QMX GOLD INTERSECTS 29.8 G/T AU OVER 3.0 METERS AND 19.3 G/T AU OVER 3.2 METERS AT BONNEFOND Toronto, Ontario January 8th, 2019 - QMX Gold

More information

CROCODILE GOLD INTERSECTS 7.1 G/T AU OVER 4.5 METERS INCLUDING 11.2 G/T AU OVER 2.6 METERS AT THE UNION REEFS PROJECT, PROSPECT DEPOSIT

CROCODILE GOLD INTERSECTS 7.1 G/T AU OVER 4.5 METERS INCLUDING 11.2 G/T AU OVER 2.6 METERS AT THE UNION REEFS PROJECT, PROSPECT DEPOSIT 65 Queen Street West Suite 825, P.O. Box 75 Toronto, Ontario M5H 2M5 Canada CROCODILE GOLD INTERSECTS 7.1 G/T AU OVER 4.5 METERS INCLUDING 11.2 G/T AU OVER 2.6 METERS AT THE UNION REEFS PROJECT, PROSPECT

More information

Assay Results Highlights (as of November 16, 2017) representing approximately 4,500 metres ( m ) of drilling:

Assay Results Highlights (as of November 16, 2017) representing approximately 4,500 metres ( m ) of drilling: TSX: RMX OTCQX: RBYCF Rubicon Minerals Provides Additional Drill Results and Observations from its 2017 Exploration Program and Commences Exploratory Underground Development TORONTO, Ontario, November

More information

Probe Metals Continues to Intersect Significant Gold Mineralization in Expansion Drilling at Val-d Or East, including 4.1 g/t Gold Over 15.

Probe Metals Continues to Intersect Significant Gold Mineralization in Expansion Drilling at Val-d Or East, including 4.1 g/t Gold Over 15. NEWS RELEASE 10/2018 Symbol: TSX-V: PRB Shares Issued: 110,584,945 Probe Metals Continues to Intersect Significant Gold Mineralization in Expansion Drilling at Val-d Or East, including 4.1 g/t Gold Over

More information

INCOME TAXES IN ALONG-TERMMACROECONOMETRIC FORECASTING MODEL. Stephen H. Pollock

INCOME TAXES IN ALONG-TERMMACROECONOMETRIC FORECASTING MODEL. Stephen H. Pollock INCOME TAXES IN ALONG-TERMMACROECONOMETRIC FORECASTING MODEL. by Stephen H. Pollock Dissertation submitted to the Faculty of the Graduate School of the University of Maryland in partial fulfillment of

More information

July 15, 2015 News Release Valley of the Kings Underground Infill Drilling Progresses

July 15, 2015 News Release Valley of the Kings Underground Infill Drilling Progresses July 15, 2015 News Release 15-13 Valley of the Kings Underground Infill Drilling Progresses Vancouver, British Columbia July 15, 2015; Pretium Resources Inc. (TSX/NYSE:PVG) ( Pretivm or the Company ) is

More information

October 8, 2015 News Release Brucejack Regional Drilling Intersects Over 8,000 Grams Per Tonne Gold

October 8, 2015 News Release Brucejack Regional Drilling Intersects Over 8,000 Grams Per Tonne Gold October 8, 2015 News Release 15-24 Brucejack Regional Drilling Intersects Over 8,000 Grams Per Tonne Gold Vancouver, British Columbia October 8, 2015; Pretium Resources Inc. (TSX/NYSE:PVG) ( Pretivm or

More information

Probe Metals Intersects 3.2 g/t Gold Over 45.5 Metres At Val-d Or East

Probe Metals Intersects 3.2 g/t Gold Over 45.5 Metres At Val-d Or East NEWS RELEASE 11/2018 Symbol: TSX-V: PRB Shares Issued: 110,584,945 Highlights: Probe Metals Intersects 3.2 g/t Gold Over 45.5 Metres At Val-d Or East Near-surface intercept grading 3.2 g/t Au over 45.5

More information

A new ThermicSol product

A new ThermicSol product A new ThermicSol product Double-Faced Thermo-Electric Solar-Panel TD/PV & Solar Tracker & Rotation Device An EU-patent protected product TP4-referens.pdf D o y o u w a n t to c o n v e rt it i n to G re

More information

SINTERING AND CHARACTERISATION OF NANO SIZED YTTRIA-STABILISED ZIRCONIA. P r e p a r e d b y. Muhammad Hasanuzzaman, B.Sc. (Eng)

SINTERING AND CHARACTERISATION OF NANO SIZED YTTRIA-STABILISED ZIRCONIA. P r e p a r e d b y. Muhammad Hasanuzzaman, B.Sc. (Eng) SINTERING AND CHARACTERISATION OF NANO SIZED YTTRIA-STABILISED ZIRCONIA P r e p a r e d b y Muhammad Hasanuzzaman, B.Sc. (Eng) A T h e s i s S u b m i t t e d f o r t h e f u l f i l l m e n t o f t h

More information

Dentists incomes, fees, practice costs, and the Economic Stabilization Act: to 1976

Dentists incomes, fees, practice costs, and the Economic Stabilization Act: to 1976 HE A S S O C IA T IO N Dentists incomes, fees, practice costs, and the Economic Stabilization Act: 19 52 to 1976 B u r e a u o f E c o n o m ic a n d B e h a v io r a l R e s e a r c h D a r i n g th e

More information

Woolley Retires as Township Official Honored in Resolution for Service Querns Likely Successor,

Woolley Retires as Township Official Honored in Resolution for Service Querns Likely Successor, T h e Co a st Ad v e r t ise r Mon Co Hist. Assoc 7 0 Court St Freehold, N.J. (Established 1892) Fifty-First Year, No. BELMAR, NEW JERSEY, FRIDAY, JULY 30, 1943 Single Copy Four Cents Here and There...

More information

FULL REQUIREMENTS; JOBS SECURE, PERMANENT

FULL REQUIREMENTS; JOBS SECURE, PERMANENT I n I...C U r o r c e s See Page 2 Y^rk, September 14, 1943 Price Five Cents s FULL REQUIREMENTS; JOBS SECURE, PERMANENT R A D IO W R I T E R S - S T E N O S - B O O K K E E P E R S - O T H E R S A l s

More information

NEWS RELEASE ORCA GOLD REPORTS CONTINUED SUCCESS AT GSS

NEWS RELEASE ORCA GOLD REPORTS CONTINUED SUCCESS AT GSS NEWS RELEASE OA GOLD REPORTS CONTINUED SUCCESS AT GSS May 26, 2014 Orca Gold Inc. (TSX.V:ORG) ( Orca or the Company ) is pleased to provide an update on exploration at its Galat Sufar South ( GSS ) prospect

More information

SAMPLE AUDIT FORMAT. Pre Audit Notification Letter Draft. Dear Registrant:

SAMPLE AUDIT FORMAT. Pre Audit Notification Letter Draft. Dear Registrant: Pre Audit Notification Letter Draft Dear Registrant: The Pennsylvania Department of Transportation (PennDOT) is a member of the Federally Mandated International Registration Plan (IRP). As part of this

More information

Model Checking. Automated Verification of Computational Systems

Model Checking. Automated Verification of Computational Systems Model Checking Automated Verification of Computational Systems Madhavan Mukund T h e A C M T u r in g A w a r d fo r 2 0 0 7 w a s a w a r d e d t o C la r k e, E m e r s o n a n d S ifa k is fo r t h

More information

176 5 t h Fl oo r. 337 P o ly me r Ma te ri al s

176 5 t h Fl oo r. 337 P o ly me r Ma te ri al s A g la di ou s F. L. 462 E l ec tr on ic D ev el op me nt A i ng er A.W.S. 371 C. A. M. A l ex an de r 236 A d mi ni st ra ti on R. H. (M rs ) A n dr ew s P. V. 326 O p ti ca l Tr an sm is si on A p ps

More information

MySQL 5.1. Past, Present and Future. Jan Kneschke MySQL AB

MySQL 5.1. Past, Present and Future. Jan Kneschke MySQL AB MySQL 5.1 Past, Present and Future Jan Kneschke MySQL AB Agenda Past S Q L T re e s m e e ts D y n a m ic S Q L P re s e n t E v e n ts P a rtitio n in g F u tu re V e rtic a l P a rtitio n in g About

More information

Probe Metals Continues to Expand Gold Zones At Val-d Or East

Probe Metals Continues to Expand Gold Zones At Val-d Or East NEWS RELEASE 02/2018 Symbol: TSX-V: PRB Shares Issued: 93,914,742 Highlights: Probe Metals Continues to Expand Gold Zones At Val-d Or East New Beliveau Deposit resource expansion drilling to the West returned

More information