November 13, 2020 
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Master the Levels of Regulation at Compliance 2020
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Glenmede Trust Expands Delaware Offering
Glenmede, a privately held and independently owned investment and wealth management firm with $37 billion in assets under management, today announced the opening of The Glenmede Trust Company of Delaware (GTCDE). By establishing GTCDE, Glenmede extends its presence in the Delaware market and evolves its advisory and service profile to better serve multi-jurisdictional families and international centers of influence, in addition to an existing domestic client base. The new entity will operate collaboratively yet distinctly from The Glenmede Trust Company, N.A.’s (GTCNA) Delaware office, with GTCDE specifically offering a full suite of highly-tailored, sophisticated investment management and fiduciary services for clients who will benefit from having their financial affairs administered solely in Delaware. “As a member of the Delaware community since 1999, we are excited to expand the capabilities of our existing full-service Delaware office with the addition of a state-chartered trust company,” said Geoff Rogers, President of GTCDE. “With the opening of GTCDE, we deepen our commitment to serving the changing needs of domestic and internationally-based clients.”
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Mid-Atlantic Speakers Series -
This Friday - 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!
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Time is Running Out! Attend the 2020 Delaware Trust Conference - On-Demand Through November 30th!
All Sessions Available!
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! 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!
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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 !
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Northern Trust US Economic Outlook:
Post-Election Projections
For the first time in months, COVID-19 news took a back seat as the U.S. elections took center stage. With former Vice President Joe Biden having won the race to the White House, focus is now shifting to how the president-elect will approach the pandemic alongside the economic issues of the day. As we wrote here, with Republicans likely to retain control of the Senate, enacting substantial legislation will be a difficult task, and prospects for a large stimulus package have faded. The U.S. economy rebounded strongly in the third quarter, fueled by a large fiscal stimulus. Incoming data shows that the economy remains in need of additional stimulus. Without it, the economy could be in for a rough winter.
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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.
Questions, suggestions, or comments? Please email Corinne Stayton: corinne.stayton@debankers.com
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Jennifer Smith and Kalimah White Speak at Maryland State Bar Association Advance Estate Planning Institute
McCollom D’Emilio Smith Uebler LLC partner Jennifer Smith spoke Monday at the Advance Estate Planning Institute, part of the virtual Maryland State Bar Association’s Legal Excellence Week. Smith presented with Kalimah Z. White, a Senior Trust Advisor at TD Wealth. White holds over 14 years of Delaware trust experience, and offers her advice to high net worth individuals and institutional clients. Smith and White discussed the tax benefits of Delaware trusts, the availability of directed trusts, asset protections trusts, and various nonjudicial methods of trust modification with conferees. This is the first time Smith will present at MSBA’s Legal Excellence Week, which offers over 21 CLE credits in over 30 hours of learning on a virtual platform. The conference began November 9 and continues through the week.
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Connolly Gallagher's Karen Bifferato Participates
in "The Main Event Debate Night."
Connolly Gallagher attorney, Karen Bifferato participated in the Turnaround Management Association’s virtual event “The Main Event Debate Night” on Thursday, November 5, 2020. TMA’s virtual series of debates features former judges and turnaround professionals who battle in virtual ring over hot topics including the role of Investment Bankers and Financial Advisors for creditors committees in bankruptcy cases, the differences between private practice vs the bench, and other areas of interest to members of the turnaround industry. Karen battled with her husband, Connor Bifferato of the Bifferato Firm. Attendees received 1 hour Delaware CLE credit and/or 1 hour of CPE.
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Santora CPA Group Announces Five Promotions
Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce the following five promotions: Kathryn Diseroad, CPA has been promoted to Senior Accountant. She joined SCG in August 2018 after interning during the summer of 2017. Katie is a 2018 graduate of the University of Delaware with Bachelor of Science Degrees in Accounting and Finance. Kevin Gobiel, CPA has been promoted to Senior Tax Manager. He joined SCG in January 2013. Kevin is a 2010 graduate of the University of Delaware with a Bachelor of Science Degree in Accounting. Paul Specht, CPA has been promoted to Senior Accountant. He joined SCG in August 2018 after interning during the summers of 2016 and 2017. Paul is a graduate of the University of Delaware with a Bachelor of Science Degree in Accounting (2017) and a Master’s Degree in Accounting (2018). Evan Brabson, CPA has been promoted to Senior Accountant. He joined SCG in December 2019. Evan is a 2017 graduate of the University of Delaware with a Bachelor of Science Degree in Accounting. Brandon Heggan, CPA has been promoted to Senior Accountant. He joined SCG in August 2018 after interning during the summer of 2017. Brandon is a 2018 suma cum laude graduate of the University of Delaware with Bachelor of Science Degrees in Accounting and Finance. He was recently awarded the 2019 Elijah Watt Sells Award from the AICPA for exceptional performance while taking the Uniform CPA Examination.
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26 Richards, Layton & Finger Practices Recognized in
U.S. News “Best Law Firms” Rankings
Richards, Layton & Finger has been recognized for excellence in 26 practice areas in the 2021 edition of the U.S. News – Best Lawyers “Best Law Firms” Delaware rankings, including receiving the survey’s top Tier 1 ranking in 20 practice areas. Richards Layton has more practices listed in the Best Law Firms rankings, and more practices ranked in the top tier, than any other Delaware firm. Two of the firm’s practices—Mergers & Acquisitions Litigation and Securitization and Structured Finance Law—also achieved national ranking. “Richards Layton is second to none in delivering expert, nuanced counsel on complex matters of Delaware law,” says Doneene Damon, president of the firm. “We provide exceptional service to clients in our community, across the nation, and around the world, and we’re proud that U.S. News continues to recognize our commitment to excellence across a wide range of practice areas.”
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GF&M regionally ranked in the 2021 Edition of U.S. News – Best Lawyers ® “Best Law Firms.”
Gordon, Fournaris & Mammarella, P.A. is honored to once again have eight of their practice areas regionally ranked in the 2021 Edition of U.S. News – Best Lawyers ® “Best Law Firms.” GF&M’s Litigation – Trusts & Estates practice area was ranked Metropolitan Tier 1. The following GF&M practice areas were ranked Metropolitan Tier 2: Arbitration, Corporate Governance Law, Corporate Law, Mediation, Real Estate Law, Tax Law, and Trusts & Estates Law. This year, 15,587 law firms were reviewed throughout the United States. GF&M would like to thank those who evaluated our firm and U.S. News – Best Lawyers® for giving us the honor of being included in the 2021 Edition of “Best Law Firms.”
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Morris James Earns Tier 1 Rankings from
U.S. News "Best Law Firms" 2021
Morris James is pleased to announce that the firm has been named to the 2021 “Best Law Firms” list by U.S. News and World Report and Best Lawyers. The firms listed in the report are recognized for professional excellence with consistently impressive ratings from clients and peers. Achieving a tiered ranking signals a unique combination of quality law practice and breadth of legal experience. We are humbled to once again achieve this honor, which comes only a few months after 36 of our lawyers were named to the 2021 list of The Best Lawyers in America. "We are grateful to be recognized as a ‘Best Law Firm’ by our clients and peers,” said Managing Partner Keith Donovan. “We believe such recognition speaks to the depth and breadth of our expertise, as well as our commitment to achieving the best possible results for our clients."
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Potter Anderson Recognized for Pro Bono Work and Charitable Giving
At the Delaware State Bar Association’s annual Christopher W. White Distinguished Access to Justice Awards Ceremony, Potter Anderson was recognized for our pro bono work and charitable giving. We were honored to receive the Access to Justice Leadership Award for demonstrating outstanding leadership in the field of pro bono service to Delaware’s indigent population. We also received the United Way of Delaware’s Christopher J. Battaglia Award in the large firm category for the sixth year running for our support of the United Way of Delaware. In accepting the Leadership Award on the firm’s behalf, Kathleen Furey McDonough, chair of Potter Anderson, congratulated all of the program’s award recipients, noting that, “Your contributions make our state a wonderful place to practice and to work together to give back to our community.”
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Troutman Pepper Advisory: OCC, Federal Reserve, and FDIC Publish Paper Promoting Sound Practices for Operational Resiliency
On November 2, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the Agencies) published a paper, “Sound Practices to Strengthen Operational Resilience,” to provide banks and their holding companies (collectively, institutions) with ways to minimize operational risks to institutions’ resiliency that can cause extensive disruptions. Operational resilience, as defined in the paper, means “the ability to deliver operations, including critical operations and core business lines, through a disruption from any hazard. It is the outcome of effective operational risk management combined with sufficient financial and operational resources to prepare, adapt, withstand, and recover from disruption.”
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