EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

Exhibit 21

Subsidiaries of the Registrant

Parent Company	Subsidiary	Percent Owned			State or Other Jurisdiction of Incorporation
WSFS Financial Corporation	Wilmington Savings Fund Society, Federal Savings Bank		100	%	United States
	WSFS Capital Trust, III		100	%	Delaware
	Montchanin Capital Management, Inc.		100	%	Delaware
Wilmington Savings Fund Society,	WSFS Investment Group, Inc.		100	%	Delaware
Federal Savings Bank	257 Olde City, LLC		100	%	Delaware
	Data Security Solutions, LLC		65	%	Delaware
	MAREO Holdings I, LLC		100	%	Delaware
	MAREO Holdings II, LLC		100	%	Delaware
	Monarch Entity Services, LLC		100	%	Delaware
Montchanin Capital Management, Inc.	Cypress Capital Management, LLC		100	%	Delaware