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October 30, 2020
Compliance 2020 - Registration Now Open!
December 8th and 9th - Virtually and On-Demand!
Compliance professionals: get all the updates you need to face the regulatory challenges of 2020. Attend Compliance 2020 virtually and on-demand, December 8th and 9th.
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
Follow the link below for agenda and registration information!
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.
2020 Delaware Trust Conference - Attend On-Demand Through November 30th! All Content Available for Credit!
Wealth Management Professional the entire 2020 Delaware Trust Conference - all 17 Sessions - are still available on-demand through November 30th! Watch at your convenience and earn over 20 Continuing Education Credits!
Register today and start watching at your convenience! Follow the link below for agenda and registration information!
Now Available: New Online Courses!
Fundamentals of Commercial Banking; and, Analyzing Repayment Sources!
Andy Keusal, Founder and President, Keusal Learning
The DBA is pleased to offer two new online videos in Keusal Learning's "Breaking into Banking" series. Breaking into Banking 101: Fundamentals of Commercial Banking; and, Breaking into Banking 201: Analyzing Repayment Sources. Breaking into Banking 101 contains 10 learning modules, over 5 hours in total content. Breaking into Banking 201's 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 for learners to work through that are related to a sample company outlined in the course’s Reference Guide (pdf). This course is appropriate for credit analysts, lenders, portfolio managers, and others who need skills in financial statement analysis and writing credit documents. Registration is now open. Webinars launch November 5th! See details via the link below !
Mid-Atlantic Speakers Series -
Next Up:Digital & Fintech - November 13th
Don't miss the next session in the Mid-Atlantic Speakers Series, November 13th. Jim Burston, Cornerstone Advisors, Inc. will speak on Digital & Fintech.
The DBA has partnered with the bankers associations in Maryland, Pennsylvania, Virginia and West Virginia to bring nationally recognized speakers to you each month. The series will take place once a month through December. One registration includes all six sessions!
Each event will be at 9:00 a.m. See the link below for more information on other sessions and registration!
Northern Trust Insights:
Election 2020: Positioning for the Known Unknowns
November 5th, 4:00 p.m. ET
Join Wealth Management Chief Investment Officer Katie Nixon, Chief Economist Carl Tannenbaum and Chief Fiduciary Officer Pamela Lucina for a discussion on top-of-mind investment, economic and wealth planning topics following Election Day.
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.
Promontory Interfinancial Network Changes Its Name to IntraFi Network
The innovative fintech is adopting new names that better describe its suite of financial services — popular products that until now have included CDARS®, Insured Cash Sweep®, Insured Network Deposits®. Going forward, the company’s deposit products will be consolidated into IntraFiSM Network DepositsSM and its funding products will become IntraFi FundingSM. The new name recognizes the evolution over the past 18 years, from a small fintech providing a single service for less than 100 banks to a company offering an array of all-weather solutions to thousands of institutions. It’s a new name, but the same people, products and service to financial institutions like yours. Find out more by clicking the link below.
Morris Nichols Promotes Commercial and Alternative Entities Attorney Sara Gelsinger to Partner
Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that commercial and alternative entities attorney Sara A. Gelsinger has been invited to become a partner of the firm, effective January 1, 2021. “Sara is an exceptional attorney and we are thrilled to welcome her to the Morris Nichols partnership,” said Andrew M. Johnston, chair of the firm’s executive committee. Sara’s practice focuses on Delaware limited partnerships, limited liability companies and statutory trusts, including private equity, hedge and mutual funds. “Sara’s thorough understanding of Delaware’s alternative entity law, her commitment to client service, and readiness to tackle the most complex issues exemplify the Morris Nichols approach to the practice of law,” said Louis G. Hering, senior member of Morris Nichols’ Commercial Counseling practice. “As a partner, Sara will continue the Firm’s tradition of providing the highest quality legal service.”
Richards, Layton & Finger Attorneys Recognized as Delaware Today Top Lawyers
Richards, Layton & Finger attorneys have been named among Delaware Today magazine’s 2020 Top Lawyers. Lawyers throughout the state nominate their peers for recognition as Delaware’s best lawyers in specific practice areas. The Richards, Layton & Finger attorneys chosen as Top Lawyers and their areas of practice are: Robert J. Krapf – Real Estate; Kelly E. Farnan – Intellectual Property; Sara T. Toner – Real Estate; Antonios Roustopoulos – Real Estate; Frederick H. Mitsdarfer III – Real Estate; and, Philip K. Micha – Environmental Law.
On October 27, the Office of the Comptroller of the Currency (OCC) issued its final rule on how to determine when a national bank or federal savings association (referred to collectively as a national bank) is the “true lender” in the context of a partnership between a national bank and a third party. The final rule follows the OCC’s proposed rulemaking on July 22 with little deviation, establishing that when a national bank makes a loan, it is the true lender if, as of the date of origination, it (1) is named as the lender in the loan agreement or (2) funds the loan. The final rule provided additional clarification (addressing an issue raised in our alert on the proposed rulemaking) that in the event that one national bank is named as the lender in the loan agreement for a loan and another bank funds the loan, then, in that case, the national bank that is named as the lender in the loan agreement makes the loan and is considered the true lender.
Fidelitrade 3rd Quarter Market Update: Gold up 5.9%
Gold prices breached the $2,000.00 mark for the first time ever in the third quarter of 2020. Gold prices soared to $2,075.00 during their 8th straight quarterly advance. In Q3, prices went up $105, or 5.90%, to settle at $1,886.00 on September 30. Although silver prices were far from their record of $50.00 (set in 2011), they shared the limelight on the back of an extraordinary rally. Silver’s dual role in industry and investment intensified demand just as social distancing at the minesslowed output. Silver prices exploded in the third quarter, adding 27.62% to settle at $23.24 on September 30. Other industrial metals also benefited from increased demand and optimism for an economic recovery from the covid pandemic. Palladium prices gained nearly 18.90% to $2,311.00, platinum prices added 7.71% to $893.20, while the LME copper price moved up 10.92% to $6,672. The S&P 500 rallied 8.47% and the Russell 2000 added 4.60%.
UD Webinar Series: Advocacy, Allyship and Accompliceship!
An innovative, free webinar series sponsored by Women's Leadership Initiative at UD Trying times call for strong leadership that can offer hope, build community and see new possibilities. Strong leadership need not only come from the top of our institutions. We all have the need to address our discomfort and fear and the power to step in and offer solutions at this moment of crisis. The Women’s Leadership Initiative webinar series helps us to step up to offer solutions at this moment of crisis. Tapping into expertise from around the world, our webinars empower us to offer sustainable solutions to some of the world’s greatest problems. Register for the series via the link below.