The creation of the new division follows its December 2010 acquisition of Christiana Bank & Trust Company, which added around $175 million in deposits, $106 million in performing loans, and $7 billion in trust assets under administration to the firm’s books.

Acting as chairman of the trust board is John Field, a managing partner of Greenfield Associates, who was also formerly at JP Morgan & Co for 33 years. Joining Field are Timothy Cashman, John Herdeg, John Nesbitt, Donald Delson, Zissimos Frangopoulos and Calvert Morgan.

Cashman, Herdeg, and Nesbitt are the three organizers of Christiana Bank, while Delson, Frangopoulos and Morgan are directors at WSFS Financial Corporation. Frangopoulos joined the WSFS board as part of the takeover of Christiana.

WSFS Financial is headquartered in Delaware and has $4 billion in assets under management and $7.7 billion in trust assets under management and administration. When it acquired CBTC, all the latter firm’s banking customers were transferred to WSFS Bank’s platform, and the two Christiana bank branches, both located in Delaware, were consolidated into nearby WSFS banking office locations. However, Christiana Trust’s Nevada and Delaware offices remained open to carry out trust and private banking operations for WSFS.