DBA Digest for April 11, 2025

27th Annual Teach Children to Save Day!

Employees of County Bank recreate The Savings Genie for students at Love Creek School in Lewes

Throughout this week, April 7th to 11th, over 180 banker volunteers will taught approximately 5400 students in more than 200 public, private, and parochial classrooms throughout Delaware as part of the 27th annual Teach Children to Save Day.

This year’s lesson is taken from the new comic book The Great Investo and Penny in The Savings Genie, and introduces the new character of The Mystical Saveroo!  Each student will receive their own copy of the comic book. The book was created specifically for the 2025 Teach Children to Save Day event and was made possible with the support of Barclays, Wells Fargo, WSFS, Bank of America, TD Bank, Artisans' Bank, Fulton Bank, M&T Bank, Sallie Mae, Smarty Pig, Visa, Comenity Bank, County Bank, First Citizens Community Bank, and Shore United Bank."

You can read this year's comic book on the Teach Children to Save webpage.

Women Connect - May 1 - Wilmington!

Registration Now Open!

Don't miss the next Women Connect event, May 1, 8 a.m. to 1 p.m. at the Delaware Center for Horticulture, 1810 North Dupont Street, Wilmington. Featured topics include Elder Care; Women's Wellness; a Vendor Showcase; and, More! Join our sponsors; Brown Brothers Harriman Trust Company, Delaware Community Foundation, Wilmington University, and Visa U.S.A., Inc.! Register today for this exciting day of Engagement, Empowerment, and Networking!

DBA 130th Annual Meeting & Dinner,

May 15th - Sponsorships Available

Time is running out to be a sponsor for the Delaware Bankers Association 130th Annual Meeting and Dinner, May 15th, at the DuPont Country Club in Wilmington. Join these prestigious sponsors: Belfint Lyons Shuman; Delaware Community Foundation; The Federal Home Loan Bank of Pittsburgh; McCollom D'Emilio Smith Uebler; Pinion; Potter Anderson Corroon; Richards Layton Finger; Santora CPA Group; Troutman Pepper Locke; Visa U.S.A., Inc.; Weiner Benefits Group; Wilmington Trust, and, Young Conaway.

Don't Miss These Upcoming OnCourse Learning Webinars!

Customer Due Diligence and Enhanced Due Diligence - 2 Part Series - April 15 & 24th

During Part I we will focus on that objective and ask questions which will allow us to risk rate our customers. Then in Part II of our webinar series, once we have established the baseline we will delve into how to look for risk in accounts like charities, PEPs, money service businesses, cannabis-related businesses, and more. We will take it to the next level and understand our risk and our to mitigate that risk.

Audience: This session is ideal for BSA officers, compliance officers, security officers, marketing, training, branch administration, and new accounts.

Creating Content with a Click: Generative AI Workshop for Banking Professionals - April 22nd

From marketing materials to customer emails to social media posts, you’ll see firsthand how AI can take the heavy lifting off your plate. This isn’t a lecture. It’s a hands-on working session where you’ll build real, usable content on the spot.

If you’re still creating content the old way, you’re wasting time. This is your chance to get ahead of the curve and start working smarter.

Audience: This workshop is for banking professionals who need smarter, faster ways to create content.

Learn more and browse all the webinars via the link below.

Glenmede Events: Philanthropy 2025 - Inspiring Actions for a Lasting Impact - April 30th

Mark R. Parthemer

Kenneth E. Spruill

Join Glenmede for a virtual discussion on the current state of philanthropy. Now, and throughout the remainder of 2025 and into 2026, it’s essential to understand the evolving trends in philanthropy and how they can influence your giving strategy. In this engaging session, Glenmede’s Mark R. Parthemer, Chief Wealth Strategist, and Kenneth E. Spruill, Jr., Director of the Center for Family Philanthropy and Wealth Education, will explore key developments in the philanthropic landscape. Wednesday, April 30, 11 a.m. EDT.

Bank of America Private Bank - Market Minute

Following last Wednesday’s announcement of higher-than-expected tariffs on U.S. imports, the S&P 500 shed 10.5% between Thursday and Friday, marking the worst two-day sell-off for the S&P 500 since March 2020. The index fell 9.1% last week and closed 17% off its February 19 high last Friday, while the Nasdaq Composite declined 10.0% and ended the week in bear market territory. The Chicago Board Options Exchange Volatility Index closed last Friday at 45.3, the highest level since April 2020. All S&P 500 sectors save for Consumer Staples now stand in the red year-to-date (YTD) with Consumer Discretionary (-20.7%) and Technology (-22.8%) being the biggest laggards. Contributing to the decline, the Magnificent 71 cohort has essentially given back all gains from the last 10 months. Tariff news also hit Equities overseas with the STOXX 600 erasing nearly 70% of its YTD gains last week and entering correction territory on Friday. Treasurys rallied with the yield on the 2-year and 10-year U.S. Treasury each falling 26 basis points (bps) over the week; the latter finished the week just below 4.0% for the first time since October 2024. Though overshadowed by tariff news, last Friday’s jobs report revealed 228,000 jobs added in March, well above expectations at 140,000.

2025 Affordable Housing Resources Webinar and Application Assistance

This year, FHLBank Pittsburgh will make approximately $74.5 million available in affordable housing funding resources. The Affordable Housing Program (AHP) will open on June 26, 2025 with an amount available of approximately $57.5 million. AHP provides competitive grants for the development of affordable housing for low- to moderate-income households. Funding requests for individual projects can be up to $1,500,000 and made by submitting an application through AHP Online. Applications are due at 5 p.m. EDT on August 7, 2025.

A recorded webinar on the 2025 AHP and voluntary housing grant initiative funding rounds will be posted on our website on May 8, 2025.

Most application forms will be posted on our website on April 21, 2025. Feasibility workbooks and application guides will be available no later than June 25, 2025.

Webinar: Navigating State AG Investigations: A Playbook For Financial Services Companies - April 22

State Attorneys General (AG) investigations can present significant challenges for businesses and legal practitioners. This CLE webinar offers a detailed dive into effective strategies and practical tips drawn from our State AG Investigation Playbook. Our speakers will guide you through the key aspects of handling these investigations, from initial inquiry to resolution. Key topics include:

• Understanding the scope and authority of State AGs
• Compliance Readiness: Preparing for State AG scrutiny Before it Starts
• Best practices for responding to State AG inquiries
• Coordination with federal regulators
• Strategies for negotiating settlements and resolutions
• Managing public relations and media during an investigation
• Case studies illustrating successful outcomes 

Tuesday, April 22, 2025, 2:00 - 3:00 PM ET

Wilmington University Scholarship Golf Classic on Thursday, May 8, 2025

We are thrilled to invite you to Wilmington University’s annual Scholarship Golf Classic on Thursday, May 8, 2025, at Deerfield in Newark, Delaware. 

This memorable event brings our community together for fun, refreshments, golf gifts, raffles, and camaraderie – all while raising funds for student scholarships. If golf isn’t your sport, you can join us for the evening dinner celebration, which includes complimentary wine, live music, and a silent auction.