DBA Digest for August 13, 2021
Discounted Early-Bird Registration for
2021 DE Trust Conference Extended!
Wealth Management Professionals, the Discounted Early-Bird Registration for the 2021 Delaware Trust Conference has been extended to August 20th! DBA Members can register with an all-access pass for just $925 (regularly $995). Concerned about the changing pandemic rules? Attending this year's conference is more flexible than ever.
Attend in person at the Chase Center on the Riverfront, or via live stream on your computer, tablet, or phone. And all sessions will also be available for on-demand viewing after the conference! Earn up to 18.0 CLE Credits, Including 2.0 Ethics Credits! All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known.

Follow the link below for agenda and registration information!
FFIEC Releases Guidance on Authentication, Access Risk Management for Digital Banking
The Federal Financial Institutions Examination Council issued a guidance for financial institutions on effective authentication and access risk management principles for digital banking services. The guidance does not impose any new regulatory requirements on banks, nor does it serve as a comprehensive framework for access management programs or endorse any specific information security framework or standard. FFIEC also noted that the guidance “is relevant whether the financial institution or a third party, on behalf of the financial institution, provides the accessed information systems and authentication controls.

The guidance highlights current cybersecurity threats, including increased remote access by customers and attacks that take advantage of compromised credentials. It also includes information on the risks from push payment capabilities, examples of authentication controls and a list of government and industry resources to assist financial institutions with authentication and access management.
Fasten Your Seatbelts - The recovery has had its ups and downs, but the economy is moving in the right direction.

Summer is the peak season for travel, and travelers know that every voyage will have its ups and downs. Road trips encounter traffic; train schedules are not always reliable; flights have turbulence, delays and cancellations (especially this year). But in the end, we do not remember the difficulties, but the good times spent at our destinations.
The U.S. economy is broadly on a path toward a year of fantastic growth, but there are bumps on the journey. Supply chain disruptions are weighing on output, while the delta variant of COVID-19 is causing some reopening plans to change. At this time, a return to lockdowns seems highly unlikely, but the path to a full recovery will be choppy.
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.
Santora CPA Group
Announces Another Promotion
Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce that Olivia Jamison, CPA has been promoted to Senior Accountant. She joined the firm in August 2019 after interning during the summer of 2018. Olivia is a December 2018 magna cum laude graduate of the University of Delaware with a Bachelor of Science degree in Accounting. She is a member of the American Institute and the Delaware Society of Certified Public Accountants.
On August 9, 2021, Cinnaire announced the closing of the organization’s 2021 Mid-Atlantic Low Income Housing Tax Credit (LIHTC) Fund. The $52 million fund will bring more than 570 units of affordable housing to communities across Delaware, Maryland, New Jersey and Pennsylvania. Cinnaire has partnered with insurance companies and financial institutions throughout the Mid-Atlantic to raise more than $352 million and supporting over 4,200 units of affordable housing. The seven financial institutions investing in the 2021 Cinnaire Mid-Atlantic Capital Fund each demonstrate a firm commitment to investing in the people and communities they serve.
Update on The Federal Reserve's Supervisory Posture for Small Banks as Pandemic Conditions Improve - August 19
Thursday, August 19 (2:00 p.m. ET): Executive Vice President of Supervision and Regulation at the Federal Reserve Bank of Chicago Julie Williams and Assistant Director of Regional Firm Supervision at the Board of Governors Keith Coughlin will Provide an Update on The Federal Reserve's Supervisory Posture for Small Banks as Pandemic Conditions Improve

During the height of the COVID-19 pandemic, the Federal Reserve’s supervisory posture emphasized a more flexible approach to examinations that accounted for the rapidly changing conditions. The Federal Reserve remained focused on assessing the resiliency of financial institutions while remaining aware that supervisory efforts should not impede the ability of sound banking organizations to support their communities through the flow of credit vital to an economic recovery. As the effects of the pandemic abate, the economy recovers, and conditions begin to normalize, the Federal Reserve will monitor and adjust its supervisory approach accordingly. The Federal Reserve will maintain an agile approach and remain attuned to the evolving nature and impact that the pandemic may have on different regions of the country and individual organizations we supervise. 
A recorded archive the session will be made available on the Ask the Fed® site shortly after the call.
Sign Up Now! Two On-Line Courses:
Fundamentals of Commercial Banking; and,
Analyzing Repayment Sources!
The Delaware Bankers Association & Delaware Financial Education Alliance has partnered with Andy Keusal with Keusal Learning LLC to offer two new online Breaking into Banking videos:

  • Breaking into Banking 101: Fundamentals of Commercial Banking - ten learning modules, over 5 hours in total content

  • Breaking into Banking 201: Analyzing Repayment Sources - 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/case studies for learners to work through that are related to a sample company outlined in the course’s Reference Guide.

Get the full details, including an introductory video at the link below.
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com