(Optional) This text will appear in the inbox preview, but not the email body.
December 4, 2020
NEXT WEEK - Compliance 2020!
December 8th and 9th - Virtually and On-Demand!
Sign Up Today!
Compliance professionals there's still time to register for Compliance 2020. Master the levels of regulation and get the updates you need to face today's regulatory challenges. Attend 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!
DEBCC is changing the economic footprint for small businesses in the First State and beyond. The DEBCC works to ensure that minority and other disadvantaged entrepreneurs are not left behind due to a lack of support to help them achieve success. DEBCC serves as a vital hub for connecting minority business owners and entrepreneurs with the resources needed to assist them in growing their enterprise and creating new economic opportunities and job growth throughout the First State. The DEBCC is an inclusive Chamber, dedicated to economic advancement and equality for all. Please join the DEBCC virtually on December 17th from 6pm-8pm, for a special event “The Birth of our Economic Agenda” featuring keynote speaker Congresswoman Lisa Blunt Rochester.
Fulton Financial Corporation Declares Special Cash Dividend
Fulton Financial Corporation announced that its Board of Directors has authorized the payment of a special cash dividend of four cents per share on its common stock. The special dividend is payable on December 17, 2020 to shareholders of record as of December 7, 2020. Fulton paid quarterly cash dividends of thirteen cents per share in each of the four quarters of 2020. The Board of Directors is expected to consider the next quarterly cash dividend at its December 2020 meeting.
Mid-Atlantic Speakers Series -
Performance and Profitability - Bob Kafafian
Don't miss the next session in the Mid-Atlantic Speakers Series, December 11th, at 9:00 a.m. Bob Kafafian & Gregg Wagner of The Kafafian Group will present: "Are your Management Reports Just an Illusion?"
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!
See the link below for more information on other sessions and registration!
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 !
HELD OVER THROUGH THE END OF THE YEAR!
Attend the 2020 Delaware Trust Conference - On-Demand Through December 31st!
All Sessions Available for Credit!
Wealth Management Professional the entire 2020 Delaware Trust Conference - all 17 Sessions - have been held over and are available
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. See the "Credit Information" link on the conference webpage for forms and information!
Register today and start watching at your convenience! Follow the link below for agenda and registration information!
REMEMBER - Conference Attendee - Don't forget to send yor PA and DE CLE forms to Renee Rau in order to get your CLE Credits!
Northern Trust Virtual Event - Latest Market and Economic Developments - December 8th - 11 a.m. ET
Please join Northern Trust experts for a discussion on the latest market and economic developments. Hear Mac MacLellan, President, Wealth Management Central Region Northern Trust; Carl Tannenbaum, Chief Economist Northern Trust; and, Jim McDonald, Chief Investment Strategist Northern Trust.
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 Strengthens Trust and Estates Talent with New Attorney Hire
McCollom D’Emilio Smith Uebler LLC (MDSU), a Wilmington-based law firm specializing in trusts, estates, and tax; business transactions; and litigation, announced Tara Hersh has joined as an Associate. In this role, Hersh will be responsible for counseling both individual and corporate trustees in all matters related to trusts and estates, including trust modifications, terminations, mergers, decantings, nonjudicial settlement agreements, and trust situs changes. “I am looking forward to joining the team at MDSU,” said Hersh. “It is both exciting and a privilege to be a part of the firm’s growth.” “Tara will be a valuable addition to our team. We’re confident that her knowledge and prior experience will enable her to assist our clients,” said Matthew D’Emilio, managing member at MDSU. “We are very grateful to be in a position to continue growing our trusts and estates team during these unprecedented times.” Previously, Hersh was an Associate Attorney in the Estates Practice Group for MacElree Harvey, Ltd. In this role, she counseled clients on various legal matters including estate planning and administration, trust administration and termination, probate avoidance, and asset alignment. Hersh graduated from Wilmington University with a Bachelor of Science in Finance and Accounting. She received her J.D. from George Mason University School of Law in 2018.
Tara Bolinski awarded the Certified Trust & Financial Advisor
Pinion and Santora CPA Group are proud to announce that Tara Bolinski was recently awarded the Certified Trust & Financial Advisor (CTFA) professional certification from the American Bankers Association (ABA). Financial services professionals, working through ABA, initiated the CTFA certification in order to establish meaningful standards of knowledge in specialty areas of the financial services industry. ABA Professional Certifications formally recognize those who meet these standards and professional continuing education and development requirements, and they promote the highest standards of performance in the financial services industry by validating individuals’ knowledge and expertise. Congratulations, Tara!
Connolly Gallagher Congratulates Chip Connolly on Being Selected to the 2020 Irish Legal 100
Connolly Gallagher Managing partner, Arthur G. (“Chip”) Connolly, III has been named to the 2020 Irish Legal 100. In their 13th year, the Irish Legal 100 is honoring it’s largest class ever -209 honorees. The Irish Legal 100, founded in 2008 in New York, is an annual compilation of the most distinguished legal professionals in the United States who share one common bond: pride in their Irish roots. The list includes attorneys, legal scholars and members of the judiciary who have distinguished themselves in their fields of endeavor. Chip’s great great grandparents hailed from Kilbrittain, County Cork; Ballinrobe, County Mayo; Dromard, County Sligo; and County Galway.
Potter Anderson & Corroon LLP announced the addition of Laura G. Readinger as eDiscovery counsel at the firm. Readinger will advise clients and co-counsel on eDiscovery and manage the firm’s eDiscovery processes. Leading Potter Anderson’s eDiscovery practice, Readinger will provide legal support for all eDiscovery-related matters, including the preservation, collection, processing, hosting, review and production of data. Readinger will also advise firm litigators and clients on eDiscovery best practices. She will implement and oversee the program, including its policies and procedures, in conjunction with practice group leaders. “We are thrilled to welcome Laura to the firm in this important role,” said Peter J. Walsh, Jr., chair of the firm’s Corporate Group. Readinger brings over a decade of experience to Potter Anderson as a Certified E-Discovery Specialist (CEDS) with a background in corporate and fiduciary litigation. She has considerable experience working on cases in the Court of Chancery, the Superior Court, including the Complex Commercial Litigation Division, and the District Court.
Troutman Pepper Update: SEC’s New Exempt Offering Rules: Demo Days and Testing the Waters — All Glister No Gold?
On November 2, the Securities and Exchange Commission (SEC) issued a final rule amending the exempt offering framework to harmonize registration exemptions, eliminate complexity, and facilitate access to capital — all while preserving investor protection. See our previous client alert that provides a high-level overview of the exempt offering framework concept release prior to finalization. Now that the final rule is upon us, will issuers get a boost in capital raising from the new rules to increase access to private capital? While issuers may celebrate some of these new changes, as well as earlier changes modernizing the accredited investor definition, certain portions of the new rule seem more glister than gold. Specifically, the SEC’s expansion of an issuer’s ability to reach potential investors through “demo days” communications and through “testing-the-waters” generic solicitations before an exempt offering includes accompanying caveats and limitations on those activities under other laws that will likely cause issuers hesitation to use the new changes.