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2023 Delaware Trust Conference
October 17th & 18th
Early Bird Registration Opens July 1st!
Sponsorships Available!
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Sponsorships and Exhibitor Spaces are now available for the 2023 Delaware Trust Conference.
Join Platinum Sponsor:
The Bryn Mawr Trust Company of Delaware (a WSFS Company)
Diamond Sponsors:
Connolly Gallagher
Glenmede
Gordon, Fournaris & Mammarella
McCollom D'Emilio Smith Uebler.
Gold Sponsor:
Morris, Nichols, Arsht & Tunnell
Silver Sponsor
Commonwealth Trust Company
The 2023 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, on October 17 & 18, AND on-demand through November! Full agenda and early-bird registration coming soon!
See all the sponsorship benefits and download the Exhibitor's Book on the conference webpage.
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Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends
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Fulton Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share on its common stock, payable on July 14, 2023, to shareholders of record as of July 3, 2023. This is a one cent per share increase from the quarterly cash dividend that the Board declared on March 21, 2023.
In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on July 17, 2023, to shareholders of record as of July 2, 2023, for the period from and including April 15, 2023 to, but excluding, July 15, 2023.
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FDIC/OCC Webinar: “Delaware’s State Small Business Credit Initiative (SSBCI): How it’s Working and How You Can Participate,” June 28, 11 AM – 12:00 PM.
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The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency will cohost a webinar “Delaware’s State Small Business Credit Initiative (SSBCI): How it’s Working and How You Can Participate” on Wednesday, June 28th, 11 AM – 12:00 PM.
The SSBCI is a federal initiative providing funds to states, the District of Columbia, territories, and Tribal governments to promote American entrepreneurship, support small business ownership, and democratize access to capital across the country, including in underserved communities. Through SSBCI, jurisdictions provide funding to small businesses through equity/venture capital programs, loan participation programs, loan guarantee programs, collateral support programs, and capital access programs tailored to local market conditions.
During the webinar, presenters from the Delaware Division of Small Business will describe how SSBCI program funds will be used in the state; and how banks, credit unions, and CDFIs can participate. The state of Delaware is explicitly seeking bank, credit union and CDFI partners who will make loans to Delaware small businesses using funds from the state’s SSBCI allocation.
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The Northern Trust Economics Team Shares
Its Outlook for U.S. Growth, Employment,
Interest Rates and Inflation
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The first half of the year has brought severe risks to the forefront. The failure of three large banks sparked fears of systemic distress in the financial sector. Worries then shifted to the worst-case potential outcomes of the debt ceiling standoff. Mercifully, neither episode has led to a financial crisis; the broader economy has persevered.
Speculation has returned to the potential for a soft landing. Last summer, it felt like a long shot; however, a year later, it’s still possible. Employment and consumer spending remain strong. The challenge will be to calibrate the appropriate monetary policy to make further progress against inflation.
| 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. | |
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Webinar: Risk Management in Third-Party Relationships: What Banks and Service Providers Need To Know
July 11, 1:00 to 2:00 p.m. ET
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As banks increasingly rely on third parties to provide financial products and services to their customers, their exposure to risks also grows. The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have issued final interagency guidance for their respective supervised banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities. The agencies have made clear that examiners will closely scrutinize banks’ third-party risk management processes, identify and report risks and deficiencies in examination reports, and recommend appropriate supervisory or enforcement actions against banks and third parties. | |
Ask the Regulators: Final Supervisory Guidance on Third-party Risk Management | |
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On Wednesday, July 26, 2023, at 1:00 p.m. ET, staff from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, and Office of the Comptroller of the Currency (OCC) will conduct an Ask the Regulators webinar for their supervised institutions on the recently issued final guidance on third-party risk management: https://www.federalregister.gov/documents/2023/06/09/2023-12340/interagency-guidance-on-third-party-relationships-risk-management.
During the webinar, staff of the agencies will provide an overview of the final guidance, highlighting key topics and specific areas for consideration. Staff will also discuss the guidance’s description of supervisory processes with respect to banks’ third-party risk management practices.
In the latter portion of the webinar, the agencies will respond to questions submitted in advance from bankers. Please email questions in advance of the webinar to askthefed@stls.frb.org. In order to receive consideration, questions should be submitted by Wednesday, June 28, 2023.
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