DBA Digest for January 20, 2023

2023 Compliance School - February 8th -

In-Person and Online!

Don't miss the next DBA Regulatory Compliance School, February 8, 2023, 9:00 a.m. to 4:00 p.m. Attend online or at the Wilmington University Brandywine Campus in Wilmington. Get the latest information on the trends and topics you need in the ever-changing regulatory compliance environment. Sessions and topics include: Regulatory Panel Discussion, BSA/AML, Fraud Mitigation, and more! seven (7) DE & PA CLE Credits, CPE and CRCM Credits Applied For. DBA Members pay just $699 ($899 for non-members). Register today!


Taking the "Grr" Out of Grammar

Virtual Live: January 25, 2023

Taking the “Grr” Out of Grammar

January 25, 2023

9:00 am – 12:00 pm

$99 per person for members

($149 for non-members)

Register Online

Workshop Objectives: This course helps participants:


  • Analyze why correct documents are so important;
  • Identify the errors that tarnish a writer’s image;
  • Learn practical, current grammar and punctuation rules;
  • Practice correcting grammar glitches and punctuation pitfalls; and,
  • Demonstrate an understanding of the rules through a pre- and post-quiz.

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.

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. 


Sponsorship Information

CRA 101 Training - January 25th

The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank of New York (FRBNY), and the New York Department of Financial Services (NYDFS) are sponsoring a 4-hour CRA Basics training webinar on January 25, 2023 from 10:00 AM to 3 PM, with a 1-hour lunch break from 12 noon to 1 PM. The workshop will provide CRA officers an overview of the current CRA regulation and train participants in exam preparation, identifying community development opportunities, developing a CRA action plan, assessing community needs, and determining performance context factors. The workshop is intended for CRA officers who are new to the job or have less than 5 years of experience.


Fulton Financial Corporation Announces Fourth Quarter and 2022 Results

Fulton Financial Corporation reported net income available to common shareholders of $79.3 million, or $0.47 per diluted share, for the fourth quarter of 2022, an increase of $11.0 million, or 16.0%, in comparison to the third quarter of 2022. The Corporation reported net income available to common shareholders of $276.7 million, or $1.67 per diluted share, for the year ended December 31, 2022, an increase of $11.5 million or 4.3%, in comparison to the year ended December 31, 2021. The results for the third and fourth quarters of 2022 include the impact of the consummation of the acquisition by the Corporation of Prudential Bancorp, Inc. ("Prudential Bancorp") on July 1, 2022.

“2022 was a record year for Fulton, as we continued to execute on our strategy to Grow the bank, Deliver effectively for customers, Operate with excellence, and Serve our stakeholders,” said Curtis J. Myers, Chairman and CEO of Fulton Financial Corporation. "I’m very proud of our team's results, especially given the large number of strategic initiatives, we tackled, including the Prudential Bancorp acquisition - our first whole-bank acquisition in over a decade. Coming out of 2022, we are well positioned for continued success in 2023."

Full Story

Northern Trust US Economic Outlook

 - A Not-So-Fresh Start

The new year offers an opportunity for clean slates and new perspectives. But the economy cannot escape the echoes of the recent past. Ripple effects of COVID and the Ukraine invasion continue to impair the outlook. The year ahead should bring more stable policy: The end of the rate-hiking cycle has been clearly signaled, and the legislative agenda will be limited. Inflation is improving, a welcome relief for consumers and businesses alike.

The outlook is predicated on nothing else going wrong. After a challenging stretch of so many disruptions, that may feel like an optimistic premise. We continue to monitor risks including the U.S. debt ceiling, escalation of the Russia-Ukraine war and volatility surrounding the reopening in China. But as long as workers keep earning and spending, the path to a soft landing remains open.

Full Story

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.

Whisman Giordano & Associates, LLC

Names New Principal

Whisman Giordano & Associates, LLC (WGA) is pleased to announce that Alex Lalani, Certified Public Accountant, has been promoted to the role of Principal. Lalani has been with Whisman Giordano for a decade delivering tax, and consulting services to businesses and individuals. He has 15 years of experience and specializes in closely-held businesses, construction, estates and trusts, high-wealth individuals, and real estate.


Lalani is a husband, father of two, adjunct professor of taxation at a local college, and a graduate of the State University of New York at Albany. He is a leader and mentor within WGA, leading client experience and professional development efforts. Lalani was born in India and came to the United States as a child. He speaks multiple languages and, in his early working life, owned and operated multiple general merchandise retail stores across several states. Lalani is a member of the American Institute of Certified Public Accountants, the Delaware Society of Certified Public Accountants.


President and Managing Director Joseph V. Giordano, CPA, CGMA says about Lalani’s promotion, "Alex has been an essential member of our firm, and even more so, our family for a decade. He is a talented accountant who puts clients first and inspires confidence in the team. Alex is a true leader. His promotion to principal is a natural next step. We have every confidence in his continued success.” Lalani shared “I truly appreciate the opportunities and the challenges that this promotion holds. Whisman Giordano is a special place, and I will continue to do my best to lead our team to grow and deliver top-quality service to our clients.


Santora CPA Group Announces Two Additions to its Team

Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce that:


Danielle M. Scharp (above left) has joined the Administrative Team as an Administrative Assistant. With over 20 years of experience, Danielle has a keen eye for detail and will be providing much needed admin support to SCG. She is a welcome addition to our Administrative Team.


Raeanna K. Eisenhauer (above right) has joined SCG as a Staff Accountant. She is a 2022 graduate of the University of Delaware with a Bachelor of Science degree in Accounting. Raeanna interned with SCG during the summer of 2022. She works on a variety of tax and audit engagements, and she is currently studying for the CPA Exam. Raeanna is a member of the American Institute and the Delaware Society of Certified Public Accountants.

Full Story

Ballard Spahr Insights: CFPB Adds Six New Items to Fall 2022 Rulemaking Agenda

The CFPB has published its Fall 2022 rulemaking agenda as part of the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda’s preamble indicates that “[t]he Bureau reasonably anticipates having the regulatory matters identified [in the agenda] under consideration during the period from December 1, 2022 to November 30, 2023.”

The new agenda includes 6 new active rulemakings that did not appear on the Spring 2022 agenda. Perhaps some possible “good news” here is that Director Chopra is listening to calls for him to use notice-and-comment rulemaking (including revisions to Official Staff Commentaries) to further his priorities instead of relying primarily on supervision and enforcement as well as a potpourri of other methods that lack the transparency and predictability of rulemaking. 

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