DBA Digest for March 28, 2025

Women Connect - May 1 - Wilmington!

Registration is now open for the next Women Connect event, May 1, 8 a.m. to 1 p.m. at the Delaware Center for Horticulture, 1810 North Dupont Street, Wilmington. Featured topics include Elder Care; Women's Wellness; a Vendor Showcase; and, More! Join our sponsors; Brown Brothers Harriman Trust Company, Delaware Community Foundation, Wilmington University, and Visa U.S.A., Inc.! Register today for this exciting day of Engagement, Empowerment, and Networking!

DBA 130th Annual Meeting & Dinner,

May 15th - Sponsorships Available

Sponsorships are now available for the Delaware Bankers Association 130th Annual Meeting and Dinner, May 15th, at the DuPont Country Club in Wilmington. Join these prestigious sponsors: Belfint Lyons Shuman; Delaware Community Foundation; The Federal Home Loan Bank of Pittsburgh; McCollom D'Emilio Smith Uebler; Pinion; Potter Anderson Corroon; Richards Layton Finger; Santora CPA Group; Troutman Pepper Locke; Visa U.S.A., Inc.; Weiner Benefits Group; Wilmington Trust, and, Young Conaway.

2025 Teach Children to Save Day Instructional Video Now Available!

You volunteered for this year's Teach Children to Save Day, but now you're wondering: "How do I teach a class to a room full of inquisitive 4th graders?" Not to worry! The 2025 Teach Children to Save Day instructional video is now available. Teaching Pro, Judy Austin, from the Center for Economic Education and Entrepreneurship, provides step-by-step instruction and helpful tips to make this year's lesson fun and memorable for the students and you, too! Watch the video via the link below. You can also find the lesson plan and this year's comic book there, too!

This year’s lesson is taken from the new comic book The Great Investo and Penny in The Savings Genie, and introduces the new character of The Mystical Saveroo!  Each student will receive their own copy of the comic book. The book was created specifically for the 2025 Teach Children to Save Day event and was made possible with the support of Barclays, Wells Fargo, WSFS, Bank of America, TD Bank, Artisans' Bank, Fulton Bank, M&T Bank, Sallie Mae, Smarty Pig, Visa, Comenity Bank, County Bank, First Citizens Community Bank, and Shore United Bank."

Now Open! Your One Stop Shop for Your Regulatory Compliance Training!

Compliance professional, where can you get the latest training, resources, and solutions for your bank's compliance needs? Check out the DBA's Regulatory Compliance Training page. There you'll find training from OnCourse Learning, access to resources from Compliance Alliance, and compliance certificate programs from the American Bankers Association... all in one convenient page. Click the link below for your regulatory compliance solutions!

Don't Miss These Upcoming OnCourse Learning Webinars!

Fair Lend Workshop for Community Banks - April 2nd

Limited Spots available! Join us for this special 2-hour class and workshop for community bankers to explore the requirements and the environment for Fair Lending standards. We will discuss the basic requirements that all community banks must demonstrate, beginning with the Fair Lending risk assessment process. We will also review policy, training, application and underwriting processes. We will analyze the inter-related Equal Credit Opportunity Act (Regulation B) and Fair Housing Act. We will share common errors, audit exceptions and exam findings to highlight potential gaps.

Audience: This workshop will be advantageous to anyone with hands-on responsibilities for Fair Lending and/or Community Reinvestment Act compliance as well as those handling loan adverse actions and loan exceptions. This can include loan officers, loan processors responsible for denials and/or second review, compliance officers, and auditors.

Updating BSA Risk Assessment: National Priorities and Changes - April 8th

During this program, we will look at some of the expectations for your risk assessment that will be important as you begin to adapt your risk assessment to include national priorities and the national risk assessments. Learn more as we take a look at this proposed rule and what it may mean to you in 2025.

Audience: This session is ideal for BSA officers, BSA staff, management, and compliance.

Learn more and browse all the webinars via the link below.

Tarrie Miller Joins Philadelphia Fed’s Community Depository Institutions Advisory Council

The Federal Reserve Bank of Philadelphia announced the appointment of three new members to its Community Depository Institutions Advisory Council (CDIAC).

Kelly Botti, president and chief executive officer of TruMark Financial Credit Union; Gregory T. Hayes, president and chief executive officer of Kish Bank and Kish Bancorp, Inc.; and Tarrie Miller, president and chief operating officer of County Bank; began three-year terms on the CDIAC in March 2025.

Tarrie Miller has more than four decades of experience in financial services and joined County Bank, headquartered in Rehoboth Beach, DE, in 2013. Miller is vice president of the Harry K Foundation Executive Board and a member of the Delaware Cash Management Policy Board. She is also a past chair of the Delaware Bankers Association and a member of the American Bankers Association Community Bankers Council.

Bank of America Private Bank -

Market Minute

The S&P 500 and Nasdaq Composite each managed to break a four-week streak of losses last week, though weekly gains were marginal at 0.5% and 0.2%, respectively. The S&P 500 remained 7.8% off its February 19 high as of last Friday’s close. Energy, Financials, and Healthcare led the week while Communication Services, Technology, and Consumer Discretionary are the only S&P 500 sectors in the red year-to-date (YTD). European Equities were essentially flat last week, though the MSCI Europe Index’s 13.4% YTD gain well-outpaces that of the S&P 500 (-3.6%). In U.S. economic news, the Federal Reserve (Fed) held its policy rate unchanged at 4.25-4.50% last week, in line with expectations. Their updated quarterly Summary of Economic Projections featured 11 of 19 committee members expecting two interest rate cuts in 2025, down from 15 in December. Policymakers lowered their growth expectations and raised inflation expectations for the year, though Chairman Powell asserted that tariff-induced inflation could be “transitory.”

New Ask the Fed- Sunset of the FFIEC CAT Session 2: A Discussion with the CRI - April 10, 2:00 p.m.

As the FFIEC CAT sunsets on August 31, 2025, supervised financial institutions may instead consider other resources as noted in the CAT Sunset Statement. This series will focus on industry developed resources to further support supervised financial institutions.

Please join Board of Governors Principal Cybersecurity Policy Analyst Don Peterson and Conference of State Bank Supervisors Senior Director Brad Robinson, April 10, 2 to 3 p.m., as they discuss the sunset of the FFIEC CAT and available resources with Josh Magri from the CRI. CRI will provide an overview of the Cyber Profile while answering your questions.

Registration is open now at www.askthefed.org. As always, we want your questions. You can email your questions in advance of each session at questions@askthefed.org. Questions received in by April 4th will receive priority. This session is only open to financial institutions.

Peter Gordon Elected President of ACTEC

Gordon Fournaris & Mammarella, P.A. is pleased to announce that Peter Gordon, a founder of the firm, has been elected President of the American College of Trust and Estate Counsel (ACTEC), effective March 24, 2025. This prestigious appointment marks a significant milestone in Peter’s distinguished career and reflects his leadership and dedication to the trust and estate law profession.

As President of ACTEC, Peter Gordon will lead the organization in its ongoing efforts to uphold the highest standards of professional excellence, ethics, and education in the field of trust and estate law. With decades of experience and a reputation for legal excellence, Peter has been an integral part of ACTEC for many years, contributing to its mission of promoting knowledge, scholarship, and service to the legal community.

Peter Gordon, who founded Gordon Fournaris & Mammarella, P.A. with a focus on providing exceptional legal services, has built a reputation as a leader in his field. His election to President of ACTEC is a testament to his commitment to both his clients and the legal community at large.

CTA Significantly Amended by Interim Final Rule

On March 21, the Financial Crimes Enforcement Network (FinCEN) submitted an interim final rule (IFR) to the Federal Register, regarding the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The IFR indicates that it takes effect immediately upon publication in the Federal Register, which is anticipated to occur on March 26.

Wilmington University Scholarship Golf Classic on Thursday, May 8, 2025

We are thrilled to invite you to Wilmington University’s annual Scholarship Golf Classic on Thursday, May 8, 2025, at Deerfield in Newark, Delaware. 

This memorable event brings our community together for fun, refreshments, golf gifts, raffles, and camaraderie – all while raising funds for student scholarships. If golf isn’t your sport, you can join us for the evening dinner celebration, which includes complimentary wine, live music, and a silent auction.