DBA Digest for July 3, 2024 | |
2024 Delaware Trust Conference!
Discounted Early Bird Registration Now Open!
Save $300 through August 2nd!
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Discounted Early-Bird Registration for the 2024 Delaware Trust Conference is now open! Save $300 when you register between July 1st and August 2nd! The 2024 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, October 28 and 29. The sessions will also be available on-demand through November! | |
Delaware Trust Conference Sponsorships Available! | |
Sponsorships and Exhibitor Spaces are now available for the 2024 Delaware Trust Conference! Join prestigious sponsors: The Bryn Mawr Trust Company of Delaware (a WSFS Company); Glenmede; Gordon, Fournaris & Mammarella; McCollom D'Emilio Smith Uebler; Young Conaway Stargatt & Taylor; Morris Nichols Arsht & Tunnell; Belfint Lyons & Shuman; and exhibitors: Delaware Community Foundation; and, National Care Advisors.
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Upcoming OnCourse Learning Webinars!
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Problem Loan Identification - July 8th -
We will cover how to identify early warning signs of problem loans in the following areas: business and operational, accounting, working capital, financial statements, the back office, and relationship issues.
Understanding HMDA Compliance from A to Z - All Day Streaming - July 10th
7 CRCM Credits
HMDA compliance is tough! With all the data you are required to collect and report, there are bound to be mistakes. You can’t rest easy though because too many errors can lead to civil money penalties. Join David Dickinson as he walks you through the ins and outs of HMDA compliance from A to Z.
Learn more and browse all the webinars via the link below.
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ABA Women Lead Symposium - July 17 | |
At the Women Lead Symposium, you’ll acquire critical leadership skills that will advance your career and support women aspiring to lead in the banking industry. This half-day, virtual program is designed to help women and allies become inclusive, successful leaders. You’ll learn leading practices and actionable insights to engender a diverse working environment that improves your bank’s bottom line. You’ll also walk away with resources and a strong professional network that support women in banking. | |
Bank of America Private Bank Market Minute | |
Last week brought the first half of 2024 to a close, with June marking the fifth of six months of gains for major U.S. Equity indexes this year. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average gained 3.5%. 6.0%, and 1.1% in June respectively. As of last Friday’s close, the S&P 500 was up 14.5% for the year, outperforming its equal weighted counterpart by more than 10%. At the midway point, 10 out of 11 S&P 500 major sectors were in positive territory, led by Technology (27.8%) and Communication Services (26.1%). A single technology company has contributed more than 30% of the index’s returns year-to-date (YTD) through Friday’s close. In U.S. economic data, the Federal Reserve’s (Fed) preferred inflation gauge, core personal consumption expenditures (PCE) inflation, rose 0.1% in May and fell from 2.8% to 2.6% year-over-year (YoY)—the lowest annual reading since March 2021. Headline PCE inflation was flat for the month and rose 2.6% over the year, down from 2.7% in April. Personal income expanded more than expected, up 0.5% in May. | |
Richards, Layton & Finger Elects
New Directors and Counsel
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Richards, Layton & Finger is pleased to announce that it has elected attorneys Cory D. Kandestin, Daniel E. Kaprow, and Kyle H. Lachmund as directors of the firm, and Christine Dealy Haynes, Zachary D. Kmetz, and Kinsey Lenehan as counsel of the firm, effective July 1.
“We are so proud of the achievements of these fine lawyers,” said Lisa Schmidt, president of Richards Layton. “They have the skill, the experience, and the commitment to excellence our clients depend on. These talented attorneys join their colleagues at the firm in delivering the innovative counsel, practical solutions, and exceptional client service that are the hallmarks of our firm.”
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Morris Nichols Welcomes
Two Corporate Litigation Attorneys
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Morris Nichols is pleased to announce that Elise Wolpert and James Mansfield, two experienced litigators, have joined the firm’s Corporate & Commercial Litigation practice.
“We are delighted to welcome these two associate attorneys to our team,” said Bill Lafferty, chair of Morris Nichols’ executive committee. “Their prior experience in complex commercial cases will be an asset to our corporate litigation group.”
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Just One-Tenth of Americans Believe They Have Financial Freedom, Study Finds
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Only slightly more than one out of 10 Americans believe they have achieved their definition of financial freedom, according to a survey by digital personal finance company Achieve.
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Only slightly more than one out of 10 Americans believe they have achieved their definition of financial freedom, according to a survey by digital personal finance company Achieve. Only 11% of respondents in a survey conducted by digital personal finance firm Achieve said they are living their definition of financial freedom.
- That type of freedom includes being debt-free, living comfortably, and meeting monthly financial obligations without problems.
- Just 12.6% of respondents classify wealth as financial freedom.
The survey revealed that many Americans are feeling defeated when it comes to their financial lives, with just 11% reporting that they are living their definition of economic freedom.
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UD Trust Management Golf Classic - September 23! | |
Golf enthusiasts and supporters of the UD Trust Management Minor, On September 23, 2024, the UD Trust Management Minor is hosting the 2nd Annual Trust Management Classic at Newark County Club. Sponsorship opportunities and golf registrations are available. Take advantage of the 10% early bird registration discount now until August 15, 2024. For questions, please contact Jennifer Zelvin McCloskey at lerner-trustmanagement@udel.edu | |
Propel Your Career with a Micro-Credential from WilmU
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Gain industry skills and turn your passion into academic credit with a micro-credential from Wilmington University (WilmU). WilmU has a catalog of micro-credential course offerings available to Delaware Bankers Association and Delaware Financial Education Association members that help to advance your skills and earn academic credit. Offered in convenient formats and coupled with comprehensive support, these courses are led by companies such as Google, IBM and Meta. To learn more, visit
wilmu.edu/Partnerships/DEBankers
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