DBA Digest for August 6, 2021
2021 Delaware Trust Conference
Discounted Registration! - Ends August 8th!
Wealth Management Professionals, there are only a few days left to save with Discounted Early-Bird Registration for the 2021 Delaware Trust Conference! DBA Members can register with an all-access pass for just $925 (regularly $995). Attend in person at the Chase Center on the Riverfront, or via live stream on your computer, tablet, or phone. 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!
DBA President Sarah Long Appears
on #MillSummit Panel
Delaware Bankers Association President Sarah Long appeared on the "Sharpen Up Your Soft Skills" panel during the #MillSummit, August 3rd. Sarah appeared with Moderator Amy Stengel; Program Director, Women’s Leadership Initiative at Lerner College of Business & Economics, University of Delaware; Erik Daehler, Protected Communications Mission Area Sr. Director, Lockheed Martin; and, David Yi, CEO, Riiid Labs.
#MILLSUMMIT is the region’s one-of-a-kind event that gathers hundreds of professionals of all ages and backgrounds; connecting professionals, difference makers, rising stars, and other leaders who want to make an impact in their community. #MILLSUMMIT offers opportunities to learn about leadership, professional development, nonprofit and community service, government and public service, the arts, personal development and wellness, entrepreneurship, finance, and more.
Fulton Bank Announces Promotions
for Mark Mullican and Joe Durham
Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation, announced that Mark Mullican (above left), executive vice president, has been promoted to director of Commercial Markets, and Joe Durham (above right), senior vice president, has been promoted to Regional Commercial Executive for the bank’s Delaware, Maryland and Virginia region. 
In his new role, Mullican oversees a large portion of Fulton’s commercial sales team throughout the bank’s five-state footprint, which includes Delaware, Maryland, New Jersey, Pennsylvania and Virginia. Mullican, a resident of Lutherville, MD, joined Fulton Bank in 2011. He most recently served as Regional President for the DelMarVa region, working with Durham to lead the bank’s expansion in the Baltimore market, as well as throughout Maryland. Mullican is a graduate of Washington College and Johns Hopkins University and serves on the board of the Maryland Bankers Association.
In his new role, Durham leads a team of commercial market executives and relationship managers in the DelMarVa region. Durham, who resides in Cockeysville, MD, has been with Fulton since 2014. He most recently served as a commercial market president. He is a graduate of Towson University and serves as chairman of the board of Goodwill Industries of the Chesapeake.
Artisans’ Bank Breaks Ground on New Regional Branch Office and Lending Center
Artisans’ Bank associates, board members, the builder, and designer break ground on a new location in Rehoboth.
Artisans’ Bank announced that it has broken ground on a new office located on Route 24 at the southeast corner entrance of the Beebe Healthcare Campus between Lewes and Rehoboth Beach. Scheduled to open in Spring 2022, the facility will accommodate both the consumer and commercial banking needs of our existing and new local customers. To complement the branch customer service stations, the branch will offer a small business center, coffee bar, 2 drive-up banking lanes, a drive-up ATM, and a night depository. Attached to the branch will be a welcoming office environment to serve commercial and consumer lending customers within the community.

Artisans’ Bank Chief Lending Officer Dave Ferguson said, “With a dedicated and engaged team, Artisans’ Bank is well-positioned to further enhance our presence and contributions to the coastal communities of Sussex County.”

Beth Albano, President & CEO of Artisans’ Bank shared, “We are excited to continue to invest in and serve the Rehoboth Beach and Sussex County markets. The relocation of our current Rehoboth operations to our new facility on Route 24 allows us to better serve the local community by providing convenient access to our full complement of retail and commercial banking products and services. We are looking forward to providing our existing and future customers with Artisans’ exceptional service from our new location.”
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.
McCollom D’Emilio Smith Uebler LLC partners Matthew D’Emilio and Jennifer Smith were recognized in the Chambers High Net Worth 2021 rankings for Private Wealth Law in Delaware. D’Emilio was recognized in the Band 2 category and Smith was recognized in the Band 3 category.

D’Emilio focuses his practice on estate planning and wealth transfer, estate and trust litigation, estate and trust administration, business transactions, and tax law. “He is great to work with,” a source notes, “he’s very bright and very knowledgeable.” This is D’Emilio’s sixth year as a Chambers’ honoree.

Smith focuses her practice on estate planning, estate and trust administration, tax planning wealth preservation, and fiduciary litigation. This is Smith’s fourth year as a Chambers’ honoree.

Santora CPA Group Announces a Promotion
Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce that: Jake Musser, CPA has been promoted to Senior Accountant. He joined the firm in August 2018 after interning during the summer of 2017. Jake is a 2018 graduate of the University of Delaware with a Bachelor of Science degree in Accounting with a minor in Management Information Systems. Jake is a member of the AICPA and DSCPA and serves on the firm’s IT Steering Committee.
Troutman Pepper Insights: ARRC Formally Recommends CME Group’s SOFR Term Rates

On July 29, the Alternative Reference Rates Committee (ARRC) formally recommended the use of the CME Group’s forward-looking Secured Overnight Financing Rate (SOFR) term rates (Term SOFR) as a replacement to the London Interbank Offered Rate (LIBOR). This announcement resulted from the Market Risk Advisory Committee (MRAC) of the Commodity Futures Trading Commission’s (CFTC) formal adoption of the SOFR First convention, which took place on July 26. This marks the latest step in the move away from LIBOR, which expires on December 31.
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.
The Centers for Disease Control and Prevention's (CDC) eviction moratorium expired on July 31, 2021. Meanwhile, at President Biden's request, the Acting Director of the Federal Housing Finance Agency, and the Secretaries of the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Treasury, and U.S. Department of Veterans Affairs (VA) announced the extension of their foreclosure-related eviction moratoria until September 30, 2021.

In Mortgagee Letter 2021-19, dated July 30, 2021, HUD advises that the extension of its foreclosure-related eviction moratorium applies to all FHA Title II single-family forward and Home Equity Conversion (reverse) mortgage loans, other than FHA loans secured by vacant or abandoned properties. HUD stated that it extended the foreclosure-related eviction moratorium to “avoid displacement of severely distressed borrowers” and “provide [b]orrowers additional time to access federal, state, or local housing stability resources or to consult with HUD-certified housing counselors.” HUD also advises that during the eviction moratorium, a lender or servicer may not initiate or continue with an eviction to acquire possession of a foreclosed property.
2021 Women Connect Speaker Series - All Six Sessions Now Available On-Demand!
All sessions of the 2021 Women Connect Speaker Series are now available for on-demand viewing. Empower and connect with these great speakers and sessions...

  • Build Your Personal Brand - Laura Meyer
  • Business Ready Essentials - Danielle Turcola
  • Building Rapport and Engagement - Cathleen Hitchens
  • Taking the Work out of Networking - All-Star Panel
  • Leveraging Your LinkedIn - Michael Coniglio
  • Exploring Emotional Intelligence - Linda Comerford

You can watch all six dynamic Women Connect sessions in 2021 for just $199 for DBA Members, or attend individually for $39 per session for DBA members.

Follow the link below to view the series agenda and order yours today!
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