DBA Digest for February 10, 2023

2023 Teach Childred to Save Day!

April 24th - 28th

Volunteer Registration Now Open!

Sponsorships Availalbe!

Banker volunteer registration for 2023 Teach Children to Save Day is now open! This year's event, the 25th annual, is April 24th through 28th. The majority of classrooms will be in-person! Over the years, Delaware’s bankers have taught an important lesson on saving to over 230,000 kids. Teaching is fun and easy, with complete materials and training provided. Register via the link below.

The Delaware Bankers Association and the Delaware Financial Education Alliance have created a 20-page comic book, especially for this year's event. Featuring The Great Investo and Penny, the story illustrates the concept of scarcity and the importance of saving for a financially independent future. All students will receive their own copy of the comic book to keep.

Bank sponsorships for the comic book and the event are welcome. Join the growing list of sponsors including: WSFS Bank; TD Bank; M&T Bank; Visa; and, First Citizens Community Bank.

Please contact Sarah Long or Greg Koseluk for more information on sponsorship.


2023 DBA Compliance School

Regulatory Panel Discussion (l to r) Jim Hitchcock, ABA; Joshua Williams, FDIC; Michael Salemi, CFPB; Ken Benton, Federal Reserve Bank of Philadelphia; and, Dulce Jerez, OCC.

Regulatory Compliance professionals gathered this Wednesday, February 8, for the 2023 DBA Regulatory Compliance School. The day-long event was held at the Wilmington University Brandywine Campus, and was also streamed online. Expert speakers included:

Jim Hitchcock, American Bankers Association; Ken Benton, Federal Reserve Bank of Philadelphia; Dulce Jerez, Office of the Comptroller of the Currency; Joshua Williams, Federal Deposit Insurance Corporation; Michael Salemi, CFPB; Glen Trudel, and Jill Dolan, Troutman Pepper; Evoly Santiago, Federal Reserve Bank of Philadelphia; and, Mark Wolfrey, RKL CPA. Sessions included a Regulatory Panel Discussion (above); Fraud Mitigation; Banking in the 21st Century; and two sessions on BSA/AML. Thank you to presenting sponsors, RKL and Troutman Pepper.

2023 DBA Washington Visit - March 1-3 -

Sponsorship Opportunities

After two virtual years, the DBA Senior Executive Washington Visit will once again be live and in-person in our Nation’s Capital, March 1 to 3. Expanded sponsorship opportunities are now available for our valued associate members to participate in the event. 


Sponsorship are available and include opportunities for representatives from your ­firm to attend the following:

  • Wednesday March 1st reception and dinner. 
  • Thursday March 2nd luncheon.
  • Thursday March 2nd evening reception. The evening reception will feature a new and engaging entertainment venue.

Join sponsors: FHLB of Pittsburgh, S&P Global, Discover Bank, Richards Layton & Finger, and WSFS Bank, and take advantage of this unique networking opportunity to meet with top leaders in both the financial services and legislative realms. See the form below for full details and to reserve your organization’s place. 



Bank of America Private Bank Market Minute

Powering through Q4 earnings releases, a Federal Reserve (Fed) policy decision and a surprise job’s report, the S&P 500 and NASDAQ built on their year-todate rallies last week. The S&P 500 rose 1.6% while the NASDAQ gained 3.3% amid earnings releases from several Big Tech giants. The Communication Services and Technology sectors rose the most, up 5.3% and 3.8% respectively. Energy lost the most at 5.9% for the week. Markets anticipated and applauded the Federal Open Market Committee (FOMC) decision to raise the federal funds rate by 25 basis points (bps) to a range of 4.50%-4.75% at the conclusion of its monetary policy meeting. Last Friday proved volatile with the Labor Department’s blowout jobs report showing the U.S. economy added a seasonally adjusted 517,000 jobs in January from a month earlier, the largest gain since July and more than double the consensus forecast. Alongside the robust payroll gain, the unemployment rate dropped to 3.4% from December’s 3.5% hitting a level last seen in 1969.

Full Story

Whisman Giordano & Associates, LLC

Celebrates 50 Years

Whisman Giordano & Associates, LLC (WGA), a full-service certified public accounting and business advisory firm located in Newark, Delaware, celebrates 50 years of success in 2023. Founded in 1973, the firm has grown to be one of the top and most respected public accounting firms in Delaware and the surrounding region. 

CEO and founder Joseph A. Giordano, CPA, CGMA, succinctly sums up his gratitude by saying he truly feels “blessed.” President and Managing Director Joseph V. Giordano, CPA, CGMA, expands on that by saying, “I’ve been a part of this firm since I was a kid, and I’ve seen firsthand how the firm has treated its people and clients and how everyone associated with WGA has made a positive impact on so many lives throughout the community. WGA is so much more than just a CPA firm. I watched my father go above and beyond in everything he did, and he has set the example that we’ll follow for as long as the community allows. The relationships that I’ve personally built through WGA (and all of its tentacles) are truly special. I think that those relationships flow throughout the entire firm. Our focus on relationships and how we treat people is the foundation of our success.”  

In gratitude for the past 50 years, the Whisman Giordano team is committing themselves to a “50 Acts of Kindness” campaign. The firm is performing 50 Acts to benefit the community.


Troutman Pepper Podcast: Crypto Year in Review 2022 - CFPB and FTC Enforcement Trends

In the first of a four-part Crypto Year in Review series, Carlin McCrory, Keith Barnett, and Ethan Ostroff look at how the CFPB and FTC viewed and regulated cryptocurrency in 2022. The panel examines statements by CFPB Director Rohit Chopra and recent CFPB and FTC enforcement actions, identifying likely regulatory trends for 2023 and beyond.

We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com