Time to Buy the Euro? Everbank.com Announces FDIC-Insured Euro Deposit Accounts and CDs.

Business Editors

ST. LOUIS--(BUSINESS WIRE)--Sept. 26, 2000

everbank.com, a division of Wilmington Savings Fund Society, FSB, a fast-emerging leader in online banking, announced today that it is offering FDIC-insured(a) deposit accounts and Certificates of Deposits denominated in euros.

"With the dollar at historic highs versus the euro, allocating a portion of a portfolio to this sector is viewed by many analysts as an intelligent way to diversify portfolio risk, earn interest, and seek capital gains from currency markets," said Frank Trotter, President and CEO of everbank.com. "With everbank's FDIC-insured WorldCurrency(TM) Accounts, investors have an extraordinarily sensible and convenient way to hold the euro, in addition to over 30 other major currencies."

As the U.S. dollar continues to climb against the euro, an increasing number of currency analysts believe that this trend may have gone too far. Some say that the dollar is becoming significantly overvalued compared to the euro, which may result in an exceptional opportunity for capital gains when the trend reverses. Observers point to the increasing U.S. trade deficit--currently running at an all-time high of over $1 billion a day--as one of the key factors in suggesting that the dollar is overvalued. When launched by the European Community in January 1999, the euro traded near 1.18 versus the U.S. dollar; it has recently dropped into the 0.85 range.

everbank.com is the nation's only provider of foreign-denominated, FDIC-insured(a) deposit accounts that pay interest. Clients may open either a WorldCurrency Access(TM) Account, or purchase WorldCurrency Certificates of Deposit(TM) denominated in euros. As of today's date, euro CDs with terms of 3, 6, and 12 months yield 3%, 3 1/8 %, and 3 3/8% respectively.

World Markets Account Features:

-- No fees. Clients of everbank World Markets pay no fees for foreign wires,
foreign drafts, or account maintenance. Currency trades are executed at highly
competitive rates due to everbank World Markets' constant interaction with the
markets.

-- Earn interest paid in local currency. The interest rates paid on
WorldCurrency Access Accounts are tiered to reflect the size of deposit; CD
rates fluctuate with maturity terms.

-- Low minimum balance. Open a WorldCurrency Access Account with as little as
$2,500; $10,000 for most CDs.

-- Easy liquidity. WorldCurrency Access Account clients have the ability to
make withdrawals either in the local currency via draft or wire, or convert to
U.S. dollars for current value.

-- FDIC insurance.(a) The innovative WorldCurrency Accounts are covered by
FDIC-insurance, just like any other U.S. bank account.

everbank.com, which currently ranks No. 3 in the nation for Customer Confidence by Gomez Advisors, and No. 8 overall among the nation's banks offering online services, is focused on providing consistently high values, supported by best-of-breed customer service. To that end, customers with everbank WorldCurrency Accounts are provided with phone and e-mail access to a highly knowledgeable team of foreign currency experts with decades of experience in foreign investing and personal financial management.

For more information on everbank World Currency Accounts, call the trading desk at 800/926-4922 ext 1 during normal business hours, or e-mail the traders at [e-mail].

everbank.com(TM) is the Internet-only banking division of the Wilmington Savings Fund Society, FSB (WSFS). WSFS is the primary thrift subsidiary of WSFS Financial Corporation, (Nasdaq/NMS:WSFS), a $1.7 billion financial services company.

everbank.com(TM) is the result of a joint effort between WSFS and CustomerOne Financial Network, Inc., which have come together with a mission to redefine banking in the 21st century by offering consumers a consistently better value and around-the-clock service on a national, branchless basis.

(a) WorldCurrency Access(TM) and WorldCurrency Certificates of

Deposit(TM) are deposits of everbank.com, a division of WSFS,

and are insured by the FDIC. As such, deposits with

everbank.com are aggregated with deposits held at WSFS for the

purposes of the $100,000 limit on FDIC insurance. This

insurance does not insure against losses due to foreign

currency fluctuations. Investors can lose money, included

principal.