DBA Digest for February 23, 2024

2024 Teach Children to Save Day!

April 15th - 19th - Volunteers Still Needed!

There are still 46 classrooms available for 2024 Teach Children to Save Day! This year's event, the 26th annual, is April 15th through 19th. Over the years, Delaware’s bankers have taught an important lesson on saving to over 240,000 kids. Teaching is fun and easy, with complete materials and training provided. Banker volunteers can register via the link below.

DBA 129th Annual Meeting & Dinner,

May 9th - Sponsorships Available

Sponsorships are now available for the Delaware Bankers Association 129th Annual Meeting and Dinner, May 9th, at the DuPont Country Club in Wilmington. Join these prestigious sponsors: Belfint Lyons Shuman; The Delaware Community Foundation; The Federal Home Loan Bank of Pittsburgh; McCollom D'Emilio Smith Uebler; Pinion; Potter Anderson Corroon; Richards Layton Finger; RKL CPA; S&P Global; Santora CPA Group; VISA; Weiner Benefits Group; and, Young Conaway.

The keynote speaker for the evening will be Rene Perez, the National Director of Financial Crimes Sales & Financial Crimes Consultant with Jack Henry^sm. Renee has 23+ years of experience in the financial crimes industry and subject matter expert on financial crimes. He and has spoken at many major conferences including ACAMS®, Jack Henry Connect, and SAS’s Global Financial Crimes Conference. Rene has also written many different publications on Financial Crimes matters affecting the U.S financial sector.

Fulton Bank Receives 12 Greenwich Excellence Awards for U.S. Small Business Banking

Fulton Bank was among the winners in 12 categories in the Greenwich Excellence Award, including:

National Awards:

• Overall Satisfaction
• Overall Satisfaction with Relationship Manager
• Relationship Manager Pro-Actively Provides Advice

Regional Award (Northeast U.S.):

• Relationship Manager Pro-Actively Provides Advice

For Cash Management, Fulton was among the winners in the following categories:

National:

• Overall Satisfaction
• Customer Service
• Ease of Product Implementation
• Making Commercial Payments Easier

Regional (Northeast U.S.):

• Overall Satisfaction

Fulton was also among the winners in several “Best Brand” award categories:

• Best Brand – Ease of Doing Business
• Best Brand – Trust
• Best Brand – Values Long-Term Relationships

Young Conaway’s State Income Taxation of Trusts 2024: Guidance for Preparing 2023 Returns

We're excited to announce that the highly anticipated 2024 version of State Income Taxation of Trusts is now available for pre-order!

Our new edition places a spotlight on the taxation strategies employed by all 50 states, as well as, the District of Columbia, offering practical tips on minimizing state income taxes on trusts, and addressing other pertinent issues.

Don't keep this valuable resource to yourself—spread the word! Feel free to refer a colleague or friend who could benefit from staying informed about the latest developments in state income taxation of trusts.

Preorder your copy today at no cost to you to ensure you're well-equipped with the knowledge needed to navigate the evolving landscape of trust taxation.

Third Time’s the Charm? Anti-Money Laundering Compliance Requirements Proposed for Registered and Exempt Reporting Investment Advisers

On February 13, 2024, the Financial Crimes Enforcement Network (“FinCEN”) proposed anti-money laundering compliance obligations for certain investment advisers (the “Proposal”). As proposed, investment advisers registered, or required to be registered, with the Securities and Exchange Commission, as well as investment advisers that report to the SEC as exempt reporting advisers, would be subject to AML compliance obligations. In this Legal Update, we provide background on the current US AML compliance framework, including the role of investment advisers in it, as well as a summary of the Proposal.

2024 Perspectives in Financial Services - April 2 & 3

Wipfli is hosting Perspectives in Financial Services, 4/2/2024 - 4/3/2024 at the Marriott Philadelphia Downtown, an in-person event designed exclusively for executive officers and board members of financial services organizations. Join us for two days of information and insights into the topics profoundly impacting the financial services industry today.

We’re expanding our event this year, covering critical concerns — from cybersecurity and data analytics to talent management — and offering industry-specific breakout sessions to give you targeted, actionable guidance. You can also join our unique networking opportunity and connect with our speakers or learn from industry peers.

The speakers, topics and networking make this an event you don’t want to miss. Space is limited, so register below to secure your spot today.