DBA Digest for July 1, 2022

2022 Delaware Trust Conference


NOW OPEN! Save $200 Till August 5th!

Discounted Early-Bird Registration is now open. Registrants can save $200 on full access registration now through August 5th! The 2022 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streaming, on October 18 & 19, AND on-demand through November!


Sponsorships Available!

Join the prestigious Sponsors and Exhibitors for the 2022 Delaware Trust Conference Make sure your firm is represented alongside these companies.

Platinum Sponsor:

The Bryn Mawr Trust Company of Delaware (a WSFS Company)

Diamond Sponsors:

Brown Brothers Harriman Trust Co. of Delaware, N.A.

Connolly Gallagher

Gordon, Fournaris & Mammarella

McCollom D'Emilio Smith Uebler LLC

Richards, Layton & Finger, P.A.

Young Conaway Stargatt & Taylor LLP

Gold Sponsors:

Charles Schwab Trust Company

Morris, Nichols, Arsht and Tunnell

The Northern Trust Company of Delaware

Silver Sponsors:

Chilton Trust

CommonwealthTrust Company


Santora CPA Group



See all the sponsorship benefits and download the Exhibitor's Book on the conference webpage.

Trust Conference Webpage

Business Writing Workshop!

On-Line - August 3rd

Corporate communicators value this highly interactive workshop designed to resolve two of the biggest written communication challenges: writing more effective documents while following a more efficient process. Practical, lively exercises help increase skills in Paragraph Performance from introductions to conclusions, Sentence Sense, Word Wisdom, and Format Force. A review of practical grammar and punctuation rules is included. Documents and messages will look, sound, and feel more professional!

Workshop Objectives: 

• Identify varied audiences and purposes for writing;

• Polish rough edges of writing style in paragraphs, sentences, words, and format;

• Write more effective documents while following a more efficient writing process; and

• Apply course concepts to actual writing samples.

Cost: $199/per person ($249/non-members)


Artisans' Bank to Open New Rehoboth Branch & Business Center

Artisans' Bank will open its new Rehoboth Branch and Business Center July 5th. Located on Route 24 at Beebe Road, the new Artisans’ is a state-of-the-art, full-service banking center for both consumers and small businesses.

Full Story

Understanding the Community Reinvestment Act Modernization Proposal -- a virtual event scheduled for July 12th - 10:00 AM to 11:15 AM EDT

Please join the Federal Reserve Bank of New York on July 12 for a virtual event on an interagency proposal to modernize regulations implementing the Community Reinvestment Act (CRA). At this event, hosted in partnership with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), representatives from the New York Fed and the Federal Reserve Board will provide an overview of the proposal and answer pre-submitted questions about the proposed updates to CRA regulations.


The CRA is a landmark law that requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income neighborhoods. The last significant interagency update to CRA regulations was in 1995.

The Federal Reserve Board of Governors, the FDIC, and the OCC issued a joint Notice of Proposed Rulemaking on May 5, 2022 that would, among other things, expand access to credit, investment, and basic banking services in low- and moderate-income communities, adapt to changes in the banking industry, and provide greater clarity, consistency, and transparency. The agencies are currently requesting public comment on their joint proposal


Ask the Fed®: Commercial Real Estate - July 13th

Will higher inflation, a rising interest rate environment, and growing uncertainty combine to derail a thriving commercial real estate market? In 2020 and 2021, U.S. CRE market conditions could have been categorized as fast and furious, as alternative real estate classes rose and a number of traditional sectors experienced epic declines. Fast forward to 2022, the industry is now experiencing changing market conditions, greater inflation, and uncertainty is growing as the interest rate environment shifts away from the accommodative policy associated with the Covid-19 pandemic. Will economic and demographic conditions accelerate, detract or support these accelerated changes? Is working from home here to stay? Will the changing rate environment result in more lending volatility? Will rising CRE cap rates and declining values resulting in greater risk? 

On July 13, 2:00 p.m. to 3:15 p.m., please join Subject Matter Expert and Senior Policy Advisor, Brian Bailey, CCIM, CRE as he discusses trends and emerging risks in the CRE and CRE finance industries from a supervisory perspective. 


Bank of America Market Minute

Equities staged a comeback last week following the worst weekly decline since the start of the pandemic. Including a 3.1% rally last Friday alone, the S&P 500 Index rose 6.4% for the week, registering its first weekly gain this month. The NASDAQ rose 7.5%, its largest weekly gain since March, while the Dow Industrial Average added 5.4% over the week. Every sector in the S&P 500 recorded gains of at least 1.5% on Friday, with Materials, Communication Services, Financials and Consumer Discretionary stocks among the strongest performers. Bank stocks surged the most in nearly 18 months after the Federal Reserve (Fed) announced that the lenders in its annual stress test had passed. The Energy sector was the laggard as oil backed off from its recent highs. Economic data last week included better-than-expected new home sales for May and still-elevated inflation expectations from the latest University of Michigan survey.

Full Story

Northern Trust: Reimagine Wealth Amid the Fintech Revolution

Digital assets, which have risen from obscurity to be widely held investments, have a place in any estate — with proper planning. Understanding their peculiar characteristics is essential to securing their ownership and equipping fiduciaries to access and preserve their value. Watch this replay from The Northern Trust Institute’s 2022 Wealth Planning Symposium with Fred Weber, Of Counsel at Kirkland & Ellis and a former advisor at Northern Trust, and James H. Cundiff and Elise J. McGee, partners who advise clients on cryptocurrency and family wealth and business planning, tax planning and estate and trust administration at law firm McDermott Will & Emery.


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.

Richards, Layton & Finger Chooses

New Leadership Team

Richards, Layton & Finger, Delaware’s largest law firm, has elected Lisa Schmidt as president and Paul Heath as executive vice president of the firm. Jeffrey Moyer has been appointed to serve as the firm’s senior vice president. Ms. Schmidt, Mr. Heath, and Mr. Moyer assume their new roles on July 1, and will each serve a three-year term.

“Richards Layton has long been known for its extraordinary lawyers and its leadership in the Delaware bar, and we are honored to be a part of this tradition of excellence,” said Ms. Schmidt. “We look forward to serving our firm and upholding its enduring commitment to our clients, to each other, and to our community.”

Full Story

Regulatory Oversite Podcast: State Attorneys General Call on Financial Giants to Eliminate Overdraft Fees

Join Troutman Pepper Partner Chris Willis and guests Troutman Pepper Associates Chris Carlson and Susan Nikdel as they discuss the multistate coalition of state attorneys general calling on many of the nation's largest banks to eliminate overdraft fees. The conversation focuses on what was done, which state attorneys general participated, the current controversy surrounding overdraft fees, and several key takeaways for the industry going forward.

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