WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.
The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments.
David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.
CardWorks also specializes in non-prime credit cards and loans for recreational and marine vehicles.
The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.
The company will pay $130 million for Commerce Financial Holdings.
The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.
Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
David Hanrahan had been CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.
The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.
