Beneficial Mutual Bancorp, Inc. to Acquire SE Financial Corp.

PHILADELPHIA--(BUSINESS WIRE)--Beneficial Mutual Bancorp, Inc. (“Beneficial”) (NASDAQGS: BNCL), the holding company for Beneficial Mutual Savings Bank (“Beneficial Bank”), and SE Financial Corp. (“SE Corp”) (Pink Sheets: SEFL), the holding company for the St. Edmond’s Federal Savings Bank (“St. Edmond’s”), announced today the signing of a definitive merger agreement pursuant to which shares of SE Corp will be exchanged for the right to receive $14.50 in cash per share, and St. Edmond’s will be merged into Beneficial Bank. The transaction is valued at approximately $30.6 million.