DBA Digest for April 25, 2025

Women Connect! Next Thursday, May 1 - Wilmington! Register Today!

Don't miss the next Women Connect event, next Thursday, 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! Speakers include: Caroline Dickerson, CEO, Commonwealth Trust Company; Amy Boyers, President, Galen Hope; Devona Fields, CEO Achieving Good Success; Brenda Heckert, CEO, There is No Normal; Dr. Coleen Jimenez, Delaware State University; Amanda Koplin, CEO, Koplin Consulting; and, Bernadette Thomas, Monarch Wellness Center.

Thank you to our sponsors; Brown Brothers Harriman Trust Company, Delaware Community Foundation, Pinion; 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! Register Today!

There's still time to register for the Delaware Bankers Association's 130th Annual Meeting and Dinner, May 15th, at the DuPont Country Club in Wilmington. The evening will feature a special appreciations to outgoing DBA President Sarah Long, and former Senator Tom Carper, along with other special guests!

Thank you to our sponsors: Belfint Lyons Shuman; Delaware Community Foundation; The Federal Home Loan Bank of Pittsburgh; Fulton Bank; 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!

And Bank Table Sponsors: Bank of America; Barclays; Capital One; Comenity Bank; Commonwealth Trust Company; County Bank; Discover Bank; First Citizens Community Bank; JPMorgan Chase, M&T Bank; PNC Bank; Sallie Mae; US Trust Company of Delaware; Wilmington Trust; and, WSFS Bank!

Don't Miss These Upcoming OnCourse Learning Webinars!

Security Awareness Training: Best Practices for Keeping Your Employees Engaged - April 28th

As we all know, creating an engaging Security Awareness Training program is more than words or flipping a switch – it involves thoughtful and deliberate action across the organization, as well as accountability for building a culture of cybersecurity. Culture changes and engagement also have to start at the TOP of the organization, or it will be meaningless downstream. Join us for this session on creating a Security Awareness Program that keeps people engaged.

Audience: This session is ideal for IT and IS professionals who need to understand the strategic and regulatory aspects of cybersecurity to better support their organization’s goals. Attendees will gain valuable insights into current cybersecurity threats, regulatory guidance, and best practices for developing a robust cybersecurity program.

Managing All Aspects of Debit Cards - May 1st

Debit cards are a critical payment method utilized by our customers and therefore, we must have a solid understanding of all aspects of offering this convenient access device. This session is specifically designed to explain the regulatory compliance requirements for issuing, servicing, and managing the institution’s debit card product along with internal control and fraud prevention tips.

Audience: This session is designed for anyone involved in issuing or servicing debit cards, including deposit operations, electronic banking, auditors, compliance officers, branch managers, and client-facing teams.

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

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average each gave back some of the prior week’s returns during last week’s holiday shortened week, shedding 1.5%, 2.6%, and 2.7% respectively last week. Diverging from its large-cap counterparts, the Russell 2000 Index gained 1.1% last week but remained 23% off its November high at Thursday’s close. Technology, Consumer Discretionary, and Communication Services lagged last week and rank as the three worst performing S&P 500 sectors year-to-date. International Equities continued to outperform the U.S. with the MSCI All Country World Index (ACWI) underperforming the MSCI ACWI ex-U.S. Index by over 3% last week. The yield on the 10-year U.S. Treasury fell 16 basis points (bps) last week to 4.32% at week-end after rising 50 bps the prior week. In U.S. economic news, retail sales rose 1.4% in March, in line with expectations and the strongest month-over-month reading since January 2023. While sales may have been boosted by consumers spending on certain products ahead of tariffs, February’s sales ex-autos were also revised upward from 0.3% to 0.7%. Industrial production fell 0.3% in March, driven in part by a warmer-than-average March, while manufacturing production rose for the fifth straight month.

2025 Affordable Housing Resources Now Available

The funding round for both the Affordable Housing Program (AHP) and voluntary housing grant initiative will open June 26, 2025, with approximately $57.5 million and $17.0 million available, respectively.

Projects may request up to $1,500,000 per project – $150,000 per unit in funding – by submitting an application through AHP Online. Applications that are not awarded under AHP, and are located in Delaware, Pennsylvania and West Virginia, will be automatically enrolled in the voluntary housing grant initiative pool for consideration.

Follow the link below for information on resources including: Partner Matching; Application Assistance; and, Forms and Guides.