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 reported)
                                 August 7, 2003





                           WSFS Financial Corporation
--------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



       Delaware                           0-16668          22-2866913
       --------                           -------          ----------
(State or other jurisdiction           (SEC File No.)    (IRS Employer
     of incorporation)                                   Identification
                                                             Number)


838 Market Street, Wilmington, Delaware                19899
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(Address of principal executive offices)             (Zip Code)




Registrant's telephone number, including area code: (302)792-6000
                                                    -------------

                                 Not Applicable
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          (Former name or former address, if changed since last Report)







                           WSFS FINANCIAL CORPORATION


                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 5.  Other Events
---------------------

         On August 7, 2003, the Registrant announced that its Board of Directors
had  authorized  the  open-market  repurchase of up to an additional  10% of the
Registrant's issued and outstanding shares of common stock.

         For  further  details,  reference  is made to the Press  Release  dated
August 7, 2003, which is attached hereto as Exhibit 99 and  incorporated  herein
by this reference.


Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits
--------------------------------------------------------------


Exhibit 99 -- Press Release dated August 7, 2003.
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                                   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, thereunto duly authorized.


                                        WSFS FINANCIAL CORPORATION


Date: August 8, 2003                    By: /s/Mark A. Turner
--------------------                    ---------------------
                                            Mark A. Turner
                                            Chief Operating Officer/
                                            Chief Financial Officer



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