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January 8, 2021
Sarah Long and Ellen Whitman Appointed to Girl Scouts of the Chesapeake Bay Board of Directors
Girl Scouts of the Chesapeake Bay announced the addition of Sarah Long and Ellen Whitman to their Board of Directors.
Sarah Long is the President, CEO & Treasurer of the Delaware Bankers Association and the Delaware Financial Education Alliance. The Delaware Bankers Association is a trade association that represents financial institutions that conduct banking business in Delaware. The Delaware Financial Education Alliance is a not-for-profit organization focused on improving financial well-being for all.
Ellen Whitman is an Executive Director with JPMorgan Chase & Co. She is currently the Marketing Director for the Chase Auto line of business overseeing Consumer & Digital marketing strategy. Ellen’s 20-year career in the financial industry has spanned marketing, product and business development roles at JPMorgan Chase & Co., Bank of America and MBNA.
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.
Chilton Trust Marks 10th Anniversary with Delaware-Issued National Trust Charter
Chilton Trust, a leading independent wealth management firm, today announced that it has received a National Trust Charter from the Office of the Comptroller of the Currency (the "OCC") and is now authorized to provide full fiduciary services on a national scale, with immediate effect in its offices in Delaware and Florida. This meaningful development carries special significance to the firm as it celebrates its 10th anniversary. Among other things, the national charter provides Chilton with national credibility and furthers its commitment to expanding on its full fiduciary capabilities for all clients, in addition to its marquee investment management and family office capabilities. The firm also marks a year of noteworthy growth under Chief Executive Officer Pepper Anderson, building its team of senior leaders and resources for an engaged, sophisticated clientele. "Despite a global pandemic and volatile markets, Chilton has been able to execute on its goals, and we will end 2020 with the best client resources in our firm’s history," said Anderson. "When I joined Chilton Trust last year, I created an aggressive plan for taking an exceptionally client-focused firm to the next level. The National Trust Charter is a significant piece of the puzzle, but equally important are the individuals who have joined our team to deliver a more holistic wealth management experience to our clients."
Richards, Layton & Finger Elects New Directors and Counsel
Richards, Layton & Finger is pleased to announce that it has elected attorneys Katharine Lester Mowery and Jason J. Rawnsley as directors of the firm, and Edward S. Little and Robert C. Maddox as counsel, effective January 1, 2021. “We are proud of the achievements of these fine lawyers,” said Doneene Damon, president of Richards Layton, “and we know they have the knowledge and experience to provide our clients with the outstanding service and exceptional counsel that are the hallmarks of our firm.”
BLS CPAs Earns Forbes America’s Top Recommended Tax and Accounting Firms Spot – Again!
Belfint, Lyons & Shuman, CPAs (BLS), a Top 300 accounting firm headquartered in Wilmington, Delaware, earned the honor of being the only Delaware-based firm named on Forbes’ 2021 America’s Best Tax and Accounting Firms List. Forbes partnered with Statista, a global market research firm, to create a list of the most recommended firms for tax and accounting services in the U.S. based on surveys of tax and accounting professionals and their clients. 278 firms were recommended for the 2021 list for either tax or accounting and only 172 firms on the list were recommended for both tax and accounting. For the second consecutive year, BLS is proud to be one of the exclusive firms to have earned recognition in both categories.
Troutman Pepper Update: Additional Relief Under the Paycheck Protection Program is on Its Way
On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021, which included the Economic Aid to Hard-Hit Small Businesses, Non-profits, and Venues Act (the Act), the COVID-Related Tax Relief Act of 2020, and the Taxpayer Certainty and Disability Relief Act of 2020. These laws include significant clarifications and modifications to the Paycheck Protection Program (PPP), which terminated on August 8, 2020. The COVID-Related Tax Relief Act of 2020 solidifies the tax-free treatment of forgiven PPP loans.