DBA Digest for March 18, 2022
Limited Number of Classrooms Still Available for
2022 Teach Children to Save Day!
Bankers! Sign up today to be a guest teacher for 2022 Teach Children to Save Day. Teaching is fun and easy! Complete video training is provided, too!

This year's event, the 24th annual, is April 25th through 29th. The majority of classrooms will be in-person! Teach Children to Save Day educates elementary school students on the importance of developing personal savings habits to build a financially independent future. Over the years Delaware’s bankers have taught an important lesson on saving to over 225,000 kids.

Teach Children to Save Day is made possible by the support of these great sponsors:
Discover Bank
Capital One
TD Bank
Bank of America
Fulton Bank
M&T Bank
Wells Fargo
Artisans' Bank
Comenity Bank
First Citizens Community Bank
Shore United Bank.

The Delaware Bankers Association and the Delaware Financial Education Alliance are proud to announce a new book – The Lonely Bill - created especially for this year. The Lonely Bill tells the story of a ten-dollar bill that a boy receives from his grandmother, and what happens to money when it is squandered. The book reinforces the concept of the value of saving in a local bank for the depositor and for the community as a whole.
2022 DBA Annual Meeting and Dinner - May 12th
Sponsorships Available!
Be there in person for the Delaware Bankers Association 127th Annual Dinner, May 12 at the DuPont Country Club, 1001 Rockland Road, Wilmington.

Hear keynote speaker Mark Lally, the CEO of First State Compassion. After a 20 year career in law enforcement, Mark trailblazed Delaware’s medical cannabis industry, creating industry-leading procedures and policies while focusing on delivering the best products and service to thousands of patients every month.

Sponsorships are available! Join these prestigious sponsors:
Federal Home Loan Bank of Pittsburgh
Young Conaway Stargatt & Taylor
Connolly Gallagher
Richards Layton & Finger
McCollum D'Emilio Smith Uebler
Belfint Lyons & Shuman
Potter Anderson Corroon
Santora CPA Group
Weiner Benefits Group
Women Connect Retreat - May 26th!
Kickoff the Memorial Day weekend at the Hyatt Place in Dewey Beach and enjoy a refreshing mind and body morning, inspirational keynote, sit down lunch, and early happy hour! The Women Connect Network serves as a catalyst to engage, empower and connect women in the Financial Services Industry. Sponsorships are available: email Corinne Stayton.
Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends
The Board of Directors of Fulton Financial Corporation has declared a quarterly cash dividend of fifteen cents per share on its common stock, payable on April 18, 2022, to shareholders of record as of April 1, 2022. This is a one cent per share increase from the quarterly cash dividend that was declared on December 21, 2021.

The Board of Directors also 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 April 15, 2022, to holders of record of the preferred stock as of March 31, 2022, for the period from and including January 15, 2022, to but excluding, April 15, 2022.
Northern Trust: U.S. Economic Outlook,
March 2022
Russia’s invasion of Ukraine happened only three weeks ago, but the magnitude of the event is being felt in all economies. The U.S. economy is well removed from the conflict, both geographically and commercially (due to small trade linkages with both nations). 
The conflict’s effects on energy and commodity markets, however, are unavoidable. A spike in oil prices has added to inflationary pressures that were already high. Consumers notice the increase in gasoline prices immediately, while higher energy costs flow through to the final prices of nearly all goods and services.
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.
Wilmington University's Annual Golf Classic is BACK!
Wilmington University will be hosting the Annual Scholarship Golf Classic at Deerfield on Thursday, May 5, 2022. As a valued partner of Wilmington University, we invite you to participate by considering one of the many sponsorship opportunities we have available. We’re excited to be back on the green for 2022, and look forward to hosting an enjoyable event with game-day challenges, golfer gift packs, dinner with a silent auction, and live music. Participants will also have a chance to win a car through the Hole-in-One competition!
Every donation goes directly toward student scholarships. By sponsoring, be assured that you and your business will receive exposure from over 120 golfers, special guests, and fellow sponsors. We have enclosed an event prospectus we hope you’ll find helpful.
Thank you in advance for your generosity. If you’d like to save time, simply register online via the link below...
Troutman Pepper Update: FinCEN Implores Vigilance From Financial Institutions in Anticipation of Attempted Russia Sanctions Evasion
Following the significant sanctions and other restrictions imposed by the United States and its global allies resulting from the Russian Federation’s invasion of Ukraine, the Financial Crimes Enforcement Network (FinCEN) issued an alert (FinCEN Alert) on March 7, advising financial institutions on how to identify and report potential attempts to evade sanctions.

The FinCEN Alert provides a number of red flags associated with potential sanctions evasion using the U.S. financial system and convertible virtual currency (CVC).
BankTalentHQ is celebrating its 5th Anniversary and that means savings for YOU! Through March 31, 2022, select the three 30-day Online Job Posting Package for $799 and enter the code BUY2GET1 to receive savings at checkout.

The Delaware Bankers Association has partnered with BankTalentHQ to provide our members with the premier talent management site for financial industry careers. When you post on BankTalentHQ, through our partnership with Circa, your open position is also posted on a combination of 15,500+ employment offices, community-based organizations and other specific diversity hiring sites.
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com