DBA Digest for July 8, 2022

Tom Collins, EVP, Government Relations,

 Announces Retirement

The Delaware Bankers Association announces Thomas P. Collins, Executive Vice President, Government Relations, intends to retire in November, 2022. Tom joined the DBA in June, 2013 after an extensive banking career. Prior to joining the DBA in 2013, Tom served as Senior Vice President at JPMorgan Chase, and was Chief Counsel at Wilmington Trust Company from 1991-2000.  As EVP, Government Relations, Tom assumed the State and Federal Government Relations activity for the Association. 


“Tom’s contributions to the Delaware Bankers Association over the past nine years have been significant,” said DBA President, Sarah Long. Delaware is well-known for its strong financial services industry, and Tom played a vital role in strengthening and preserving Delaware’s reputation and standing in this area. We thank him for his outstanding service to the Delaware banking industry.” 

Tom earned his BA in Political Science and Theology from the University of Richmond and his JD from Widener University School of Law. The DBA is interested in hearing from qualified candidates for the Government Relations position. Please contact sarah.long@debankers.com.


2022 Delaware Trust Conference


NOW OPEN! Save $200 Till August 5th!

Save $200 on full access registration to the 2022 Delaware Trust Conference 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! 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.


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:

BMO Delaware Trust Company

Charles Schwab Trust Company

Morris, Nichols, Arsht and Tunnell

The Northern Trust Company of Delaware

Silver Sponsors:

Chilton Trust

CommonwealthTrust Company

First StateTrust 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)


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 Midyear Outlook 2022

- July 19th, 2:00 p.m.

Join us on July 19 at 2:00 p.m. Eastern for a virtual event, Midyear Outlook 2022: Turning volatility into opportunity.

Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank sits down with special guest Ian Bremmer, President, Eurasia Group and GZERO Media, plus experts from BofA Global Research and the Chief Investment Office, for a midyear check-in. They’ll explore the outlook for inflation, interest rates and other key issues here at home, along with events overseas. They’ll also discuss what they’re watching for in the second half of the year that could affect the markets and bring potential new opportunities.


Northern Trust: Adam Grant on Knowing What You Don’t Know

Adam Grant, one of the world’s most influential management thinkers, leads an intimate discussion on thinking like a scientist and practices that cultivate humility, curiosity and flexibility. Grant’s research has found that by treating ideas like hypotheses to test, rather than positions to defend, leaders can measurably improve their results. He connects the concepts from his recent book “Think Again: The Power of Knowing What You Don’t Know,” to rethinking what it means to be wealthy.


Charles J. Durante Elected President of the Delaware State Bar Association

Connolly Gallagher Partner Charles J. Durante has been elected President of the Delaware State Bar Association. Chuck Durante was one of the founding partners of Connolly Gallagher, where he practices in taxation, trusts and estates. He has served on the Bar Association’s executive committee since 2014, and has chaired the Association’s Sections of Taxation and of Trusts and Estates.

Active in a leadership role for many charitable and civic organizations, Chuck is Chair of the Board of Editors of Delaware Lawyer, a quarterly publication of the Delaware Bar Foundation, President of the Delaware Sports Museum and Hall of Fame, President of the Delaware Sportswriters and Broadcasters Association and a Trustee of the Delaware Historical Society.  As the 75th president of the Bar Association, he will serve a one-year term.

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“Among the Elite in Delaware,” Richards, Layton & Finger’s IP Practice and Attorneys Earn Top Ranking in IAM Patent 1000

Richards, Layton & Finger received the highest gold ranking and firm directors Fred Cottrell, Kelly Farnan, and Jeffrey Moyer are named among Delaware’s top patent attorneys in the 2022 edition of IAM Patent 1000: The World’s Leading Patent Professionals. Deeply experienced and widely recognized for their expertise, Cottrell heads Richards Layton’s IP Group, and Farnan and Moyer are vice chairs of the firm’s Litigation Department.

“Among the elite in Delaware, Richards Layton & Finger has a dynamic litigation practice and accomplishes great things for top pharmaceutical, medical device, computer, communications, and other innovative companies,” reports IAM Patent 1000.

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Bipartisan Responsible Innovation Act Limits Howey Test; Suggests Non-Depository Institutions May Issue Payment Stablecoins

On June 6, Senators Kirsten Gillibrand (D-NY), member of the Senate Agriculture Committee, and Senator Cynthia Lummis (R-WY), member of the Senate Banking Committee, introduced a draft bipartisan bill, the Responsible Innovation Act (Act), which is Congress's first attempt to construct an all-encompassing digital asset regulatory framework. The breadth of the Act is sweeping, and it addresses many of the issues that have plagued the digital asset markets in recent years. But most importantly, the Act tackles (1) the lack of clarity relating to the regulatory authority of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and (2) the lack of streamlined, uniform legal definitions of various products integral to the infrastructure of the digital asset market.

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