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December 18, 2020
Wealth Managment Professionals...
Compliance Professionals!
Give Your Career an Early Holiday Gift
with These Two Virtual Events!
Last call to get full credit on the two hottest virtual and on-demand events of 2020 through December 31st!
Wealth Management Professionals can attend entire 2020 Delaware Trust Conference - all 17 Sessions -on-demand through December 31st! Watch at your convenience and earn over 20 Continuing Education Credits! And don't forget to submit your credit forms. Click here for agenda and registration information!
Compliance professionals master the levels of regulation and get the updates you need to face today's regulatory challenges. The agenda is filled with the most up-to-date regulatory information on Lending, Deposits, BSA/AML, and more! Get the same amount of content with greater convenience and at a lower price! Save 39% off the 2019 price. Now only $999 ($1499 for non-DBA-members). Presenting Sponsor: Troutman Pepper. Click here for agenda and registration information!
J.D. Power: Capital One Receives Top Customer Rating Among Nationwide Banks
Capital One received the highest customer satisfaction rating among eight nationwide banks, scoring 688 out of 1,000, according to a new J.D. Power study released today. Following Capital One were Chase, which earned a rating of 684, and PNC, which earned a rating of 680. For all eight of the largest retail banks—which also include Bank of America, TD Bank, Citibank, U.S. Bank and Wells Fargo—the average customer satisfaction rating was 657. “Banks that have been most effective in managing the transition to a digital-first model have earned high marks for customer satisfaction in a year when mobile apps and websites have become a vital lifeline for banking customers,” said Paul McAdam, senior director of banking services at J.D. Power. “It is noteworthy that Capital One—a bank that has been aggressively reducing its physical footprint and currently has 46% fewer branch offices than it did five years ago—has earned the highest ranking in this study. J.D. Power data also indicate that strong digital offerings have the added benefit of helping customers improve or maintain their financial health, a key feature in a time when so many are experiencing economic distress.”
Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends
The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT) has declared a quarterly cash dividend of thirteen cents per share on its common stock, payable on January 15, 2021, to shareholders of record as of December 31, 2020. The Board of Directors also declared a quarterly dividend of $10.82 per share (equivalent to $0.27 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on January 15, 2021, to holders of record of the preferred stock as of December 31, 2020, for the period from and including October 29, 2020, the original issue date for the preferred stock, to, but excluding, January 15, 2021. Fulton Financial Corporation, a $25.5 billionLancaster, Pa.-based financial holding company, has approximately 3,400 employees and operates more than 220 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.
Now Available: New Online Courses!
Fundamentals of Commercial Banking; and, Analyzing Repayment Sources!
Andy Keusal, Founder and President, Keusal Learning
We’ve all had to adapt this past year in so many areas of our business, training being one of them. If you will be hiring new credit analysts, lenders, portfolio managers, and others who need skills in financial statement analysis and writing credit documents, and are looking for affordable, effective training for your new hires or current staff, look no further. The Delaware Bankers Association & Delaware Financial Education Alliance has partnered with Andy Keusal with Keusal Learning LLC to offer two new online Breaking into Banking videos:
• Breaking into Banking 101: Fundamentals of Commercial Banking - ten learning modules, over 5 hours in total content
• Breaking into Banking 201: Analyzing Repayment Sources - nine modules covers topics including how to analyze income statements, balance sheets, collateral, and risk rating.
Each module includes a video lesson and a multiple-choice self-check. Many of the lessons include exercises/case studies for learners to work through that are related to a sample company outlined in the course’s Reference Guide.
Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her Planet Jurdy cartoons for the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
Use the Delaware Bankers Association Member Portal for
Online Registrations and More!
Have you checked out the Delaware Bankers Association's online members portal? The portal will provide members easy access to update their personal information and to register and pay online for upcoming DBA events! Log into the portal via the link below, and use the Personal Profile link (on the left hand sidebar) to create your log in.
McCollom D’Emilio Smith Uebler Participates in
Primerus Global Day of Service
McCollom D’Emilio Smith Uebler LLC (MDSU) recently participated in the Primerus Day of Service by completing a winter accessory drive, by collecting hats, mittens, gloves and scarves for more than 40 children receiving treatment at Exceptional Care for Children, a pediatric skilled nursing facility in Delaware. The Primerus Global Day of Service is focused on uniting 170-member law firms in giving back to their local communities. MDSU was excited to participate in the event and support an important local cause. Exceptional Care for Children provides transitional, long term and palliative care to young people who are medically fragile and technology dependent. It is the first and only facility of its kind in Delaware, and one of few in the United States. MDSU is proud to volunteer in its community and embody Primerus’ mission of being “Good People Who Happen to be Good Lawyers.”
Potter Anderson & Corroon LLP announced that Jacqueline A. Rogers has been elected a partner of the firm and Aaron R. Sims has been promoted to counsel, effective January 1, 2021. “We are thrilled to announce the new roles for these outstanding attorneys,” said Potter Anderson Chair Kathleen Furey McDonough. “Jacqueline began her career at Potter Anderson as a summer associate and Aaron joined us after completing two federal clerkships so it is especially gratifying to see them reach these milestones. We celebrate their accomplishments and look forward to their continued contributions to the firm and to our corporate litigation practice.”
On December 11, the Food and Drug Administration announced that it would be issuing emergency use authorizations for two COVID-19 vaccines and that distribution may begin as early as December 14. While initial doses of the vaccine will be allocated to health care workers and long-term care residents, all businesses should be preparing for broader availability of the vaccine in early 2021. The COVID-19 pandemic and new vaccines present unique circumstances in which employers must balance employee rights with the overall safety and health of its workforce, customers, or clients when developing a vaccine strategy. This FAQ is intended to help employers across all industries understand the legal framework that regulates mandatory and voluntary employer vaccination programs.