DBA Digest for July 29, 2022

ONE WEEK Left to Save $200!


The Early Bird is getting ready to fly! Discounted Early-Bird Registration ends August 5th. Save $200 on full access registration to the 2022 Delaware Trust Conference 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! The agenda is filled with a stellar lineup of speakers. 18 CLE credits are available, including 2.0 ethics credits. Follow the links below to view the agenda and register.


The List of Sponsors Keeps Growing!

(Is Your Company Represented?)

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:

BMO Delaware Trust Company

Charles Schwab Trust Company

Morris, Nichols, Arsht and Tunnell

The Northern Trust Company of Delaware

Wilmington Trust

Silver Sponsors:

BNY Mellon Wealth Mangement

Brown Advisory

Chilton Trust

Commonwealth Trust Company

Cover & Rossiter

Evercore Trust Company, N.A.

First StateTrust Company

Greenleaf Trust Delaware

New York Private Trust Company


Santora CPA Group

Truist Delaware Trust Company

Bronze Sponsors:

Bank of America, Private Bank

Belfint, Lyons and Shuman, P.A.

Duane Morris LLP


Brown Brothers Harriman


National Care Advisors

Weiner Benefits Group

Whisman Giordano & Associates

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)


Mid-Atlantic Bank Executives Forum:

September 11-13 - Lansdowne Resort

Join bank executives from five states along with a select group of industry partners for networking and sessions with nationally recognized speakers geared specifically for bank CEOs and other senior leaders.

NEW PROGRAM: Exploring the Future of Work: Join bank executives from five states in this unique, intensive experience that allows leaders to collaborate, ideate and explore the future of the workforce landscape together.


Register for both and receive a discount on your Mid-Atlantic Bank Executives Forum registration!

Agenda & Registration

Save the Date: FDIC Directors' College -

September 23rd, Hyatt Place, Dewey, DE

The FDIC Directors’ College is an interactive program that provides ongoing education on current topics of bank supervision to bank directors, senior officers, corporate secretaries, and board advisors. The course is designed to help directors and trustees, both new and experienced, stay abreast of the ever-changing regulatory environment.

The 2022 edition will be held live and in-person at the Hyatt Place, Dewey, Delaware, September 23rd.  Click on the link below to view the agenda.


New- Ask the Fed®: Energy Update:

Oil & Gas- August 16

High oil and gas prices have both direct and indirect effects on prices across the world’s basket of commodities, impacting consumers and businesses alike. Not surprisingly, many have asked what can be done in the U.S. and other countries to rebalance global supply with demand for oil and gas. So what does this all mean for banks?

Please join speakers Senior Business Economist Garrett Golding, Senior Business Economist Jesse Thompson, Senior Bank Examiner Thom Quint and Senior Bank Examiner Marshal Boumeester for a discussion about the oil and gas market and observations on bank lending.


Bank of America Market Minute

Equity markets posted their best week in a month last week, pairing this year’s market retreat to about 17% for the S&P 500. The Dow Jones Industrial Average rose 2% over the week, while the S&P 500 was up 2.6%, and the Nasdaq Composite notched a 3.3% gain. The Consumer Discretionary sector performed best within the S&P 500, while most defensive sectors lagged. Materials and Industrials also posted solid gains. Treasury extended an advance, pushing the 10-year yield to around 2.75% by week end. The European Central Bank (ECB) increased interest rates for the first time in 11 years with a hike of 50 basis point (bps) versus expectations of 25 bps. Several reads on the U.S. outlook for monetary policy, growth and inflation are due this week. Federal Reserve (Fed) officials have indicated they are gravitating toward another 75 bps rate rise at their July 26-27 Federal Open Market Committee (FOMC) meeting. Also topping the list is the Bureau of Economic Analysis’ preliminary estimate for Q2 gross domestic product (GDP). A contraction would be the second in a row, succeeding the 1.6% decline in Q1. In other economic news, June’s personal income and spending data will be reported Friday, followed by the Fed’s preferred inflation measure, Personal Consumption Expenditures (PCE) price index. The Employment Cost Index is also due Friday. Earnings season chugs along with around 170 S&P 500 companies scheduled to report Q2 results this week.

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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.

Morris Nichols, “the go-to Delaware firm on private wealth issues,” Ranked Band 1 for Delaware Private Wealth Law by Chambers HNW 2022

Morris Nichols’ Trusts & Estates/Private Client practice and its attorneys have once again been recognized by Chambers High Net Worth, the international guide to the world’s leading high-net-worth advisors. The firm has earned the guide’s highest Band 1 ranking for the seventh year in a row. Todd Flubacher was recognized in Band 1 for both Private Wealth Law and Private Wealth Disputes. Zach Haupt was recognized as an Associate to Watch for Private Wealth Law.

Commentators note that the Trusts & Estates/Private Client practice is “the go-to Delaware firm on private wealth issues.” Todd Flubacher sources say is “an undisputed expert in fiduciary litigation, high net worth wealth planning, and all other matters regarding Delaware trusts and estates” and “is arguably the best lawyer in Delaware” in the field of private wealth law. Another source noted that Zach Haupt is an “exceptional attorney with an extensive understanding of complex legal matters.”

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Belfint Lyons & Shuman, CPAs Promotes Team Members

Belfint, Lyons & Shuman, P.A. (BLS), a certified public accounting and consulting firm with offices in Delaware and Pennsylvania, announces multiple well-earned promotions.


Tyler Dorso, CPA, Tyler Starr, CPA, John Still, CPA, and Jonathan Turner, CPA have been promoted to Supervisor.

Stacey Emmel and Danielle Jennings have been promoted to Administrative Services Supervisor.

Andrew Treon has been promoted to Senior Accountant.

Brody Hudson, Jennifer Miller, and Alyce Smith have been promoted to Staff II Accountant.

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Santora CPA Group Announces an Addition to its Team

Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce that Christian J. Figueroa has joined SCG as a Staff Accountant. He is a 2022 graduate of West Chester University with a Bachelor of Science degree in Accounting. Christian interned with SCG during the summer of 2021. He works on a variety of tax and audit engagements, and he is currently studying for the CPA Exam. He is a member of the American Institute and the Delaware Society of Certified Public Accountants.


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Greg Koseluk at greg.koseluk@debankers.com