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WSFS Financial redeems remaining cumulative preferred stock on Aug. 26
By Tali David
Minneapolis, Aug. 29 - WSFS Financial Corp. redeemed all of its remaining cumulative preferred stock on Aug. 26, according to a news release.
The preferreds were redeemed at par.
WSFS paid preferred stockholders $32,675,000, which included accrued dividends to the redemption date.
As reported earlier this year, WSFS previously repurchased $20 million of the $52.6 million outstanding preferred stock in open market transactions at or very near par value.
WSFS is a Wilmington, Del.-based savings and loan holding company.
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