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January 22, 2021
2021 Women Connect Speaker Series - 6 Dynamic Sessions! Live and On-Demand!
We're proud to announce the 2021 Women Connect Speaker Series! Six sessions! Six dynamic speakers to engage and empower. Each session will be available both live on the day of the event, and on-demand for your convenience. One price gives you full access to all six sessions: $199 for DBA Members ($249 for non-members).
The series begins on February 18th at noon with "Building your Personal Brand" with Laura Meyer, CEO & Founder of Joy Brand Creative. It is important to know exactly what you want to be known for in order to grow your personal and professional brand reputation with clients and colleagues. Using examples from real-life personal brands of national influencers that Laura has helped develop, you will leave this interactive session with clarity on how to take your personal brand from generic or non-existent to exceptional, elevated, and extraordinary.
Sign up today! Sponsorships are available!
Join Gold Sponsor - Delaware Community Foundation,
and Bronze Sponsor - Santora CPA Group!
2021 Teach Children to Save Day! Sponsorships Available!
This April due to the COVID-19 pandemic, 2021 Teach Children to Save Day will be conducted on-line via Zoom and other virtual platforms. Banker volunteers will still be able to teach and interact with the students.
2021 marks the 23rd Annual Teach Children to Save Day in Delaware. Over the past 22 years Delaware’s bankers have taught an important lesson on saving to over 220,000 kids. We thank all our member banks and volunteer bankers who have supported this effort.
Sponsorships are available for member banks to help defray the cost of the event. Virtual session will begin with a short introductory video including the names of sponsors. Based on previous years, we anticipate between 8,000 and 10,000 students in 200 to 300 classrooms will receive the lesson and the introductory video. We hope you will join us again in teaching children throughout Delaware the importance of personal saving for future financial independence. Banks interested in sponsoring may contact Sarah Long or Greg Koseluk for more information.
FULTON FINANCIAL ANNOUNCES
FOURTH QUARTER AND 2020 RESULTS
Fulton Financial Corporation reported net income available to common shareholders of $49 million, or $0.30 per diluted share, for the fourth quarter of 2020 and $176 million, or $1.08 per diluted share, for the year ended December 31, 2020. “We were pleased with our company’s achievements for the 4th quarter and for the year as a whole, given the challenges presented by the lingering presence of COVID-19,” said E. Philip Wenger, Chairman and CEO of Fulton Financial Corporation. “The low interest rate environment continued to put pressure on our margin, but even in this challenging environment, we had stable asset quality, were able to provide Paycheck Protection Program and Main Street loans to our customers, helped our mortgage business grow to historic highs, and saw wealth management business performance that was beyond our expectations.”
Don’t Forget to Sign Up! Modernizing the Community Reinvestment Act: January 27th 10 a.m. to 11 a.m.
Don’t miss out. Sign up to learn how you can make your voice heard. Join the Federal Reserve Bank of Philadelphia for a webinar where you’ll learn more about the Federal Reserve’s notice asking for public input on the Community Reinvestment Act (CRA) and how to submit a comment. Enacted in 1977 and last significantly revised 25 years ago, the CRA requires financial institutions to help meet the credit needs of all communities they serve, including those of low and moderate income. The Fed now seeks your input to ensure the law’s ongoing effectiveness. Please extend this invitation to your directors, your senior staff, and others within your organization with knowledge of the CRA. Although there is no cost to participate, please register to reserve your spot.
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.
Bill Lafferty Elected Chair of
Morris Nichols’ Executive Committee
Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that William M. Lafferty has been elected chair of the Delaware law firm’s Executive Committee. Bill succeeds Andrew M. Johnston. “I am humbled and excited to move into this role,” Bill said. “Andy did a terrific job leading Morris Nichols over the past three years, especially through the unprecedented challenges of 2020. We are blessed with excellent clients and hard-working, talented attorneys and staff. I look forward to maintaining and growing Morris Nichols’ reputation as trusted Delaware law advisors.”
Troutman Pepper Update:
OCC Finalizes Rule Requiring Large Banks to Provide Fair Access to Services, Capital, and Credit
In a final act of his tenure, Brian Brooks, the acting Comptroller of the Currency (OCC) on January 14 finalized a rule to ensure “fair access to banking services provided by large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.” Brooks announced that he would be stepping down from his role on the same day the rule was finalized. OCC Chief Operating Officer Blake Paulson will assume the role as acting comptroller of the currency. Under the rule, the nation’s largest banks may still determine their product lines and geographic markets and make legitimate business decisions about what and whom they serve, so long as those decisions are “based on consideration of quantitative, impartial, risk-based standards established by the bank.” By way of background, some large banks have been pressured to forgo making loans to certain sectors of the economy, such as energy firms in the fossil-fuels market, based upon public actions by certain groups. In addition, Operation Chokepoint was a targeted effort by certain parts of the Obama Administration to cut off access to the high-cost lending industry.