NEW YORK, Nov. 6, 2018 /PRNewswire/ -- Notice is hereby given that Monteverde & Associates PC has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:18-cv-09395- PGG, on behalf of public common shareholders of Beneficial Bancorp, Inc. ("Beneficial" or the "Company") (NasdaqCM: BNCL) who held Beneficial securities on the record date October 29, 2018 (the "Class Period"), and have been harmed by Beneficial and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the sale of the Company to WSFS Financial Corporation ("WSFS"). Pursuant to the terms of the Merger Agreement, each share of Beneficial common stock issued and outstanding will be converted into the right to receive 0.3013 shares of WSFS common stock and $2.93 in cash (the "Merger Consideration").