DBA Digest for March 7, 2025

Over 50 members of the Delaware Bankers Association converged on the nation's capital this week for the 2025 DBA Washington Visit. The group received extensive briefings from the American Bankers Association, the FDIC, The Federal Reserve, the OCC, the Treasury; The Federal Home Loan Bank of Pittsburgh; and, FinCEN. There were also meetings with Senators Coons and Blunt Rochester, and Representative McBride.

Thank you to all our sponsors! Presenting Sponsors: Capital One and Sallie Mae. Platinum Sponsor: Federal Home Loan Bank of Pittsburgh. Lunch Sponsor: Discover. Dinner Sponsor: Richards Layton & Finger. Bus Sponsor: WSFS Bank.

Alex Lyden Promoted to Partner at Evercore Wealth Management

We are pleased to announce the promotion of Alex Lyden to Partner at Evercore Wealth Management. Alex Lyden, Chief Fiduciary Officer of Evercore Trust Company, has significantly contributed to the growth and success of Evercore Wealth Management and Evercore Trust Company, N.A.

Evercore Wealth Management, LLC, a subsidiary of Evercore, serves high net worth families, foundations, and endowments, delivering customized strategic wealth planning, investment management, and trust and custody services. The firm manages $13.8 billion in client assets as of December 31, 2024. Additionally, Evercore Wealth Management offers personal trust and custody services to its clients through its Wilmington, Delaware-based affiliate Evercore Trust Company, N.A. a national trust bank regulated by the Office of the Comptroller of the Currency.

LAST CALL FOR VOLUNTEERS!

2025 Teach Children to Save Day!

Only 15 Classrooms Still Available!

Only 15 Classrooms are still in need of volunteers for this year's Teach Children to Save Day event, April 7th through 11th! Teaching is fun and easy with complete materials and training provided. Bankers can volunteer and receive detailed information via the link below.

This year's lesson is taken from the new comic book, The Savings Genie, featuring The Great Investo, Penny, and The Mystical Saveroo. The book will teach the importance of saving for a financially independent future. The comic book is made possible through the generous sponsorship 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!

Don't Miss These Upcoming OnCourse Learning Webinars!

Residential Construction Lending - March 10th

Residential construction lending is expected to expand given the shortage of existing homes for sale and growth in the typical age group for first-time home buyers. In many markets, there is extensive remodeling that is maintaining a large share of projects. This program provides an overview of the major issues involved in administering and monitoring consumer or residential construction loans, primarily to individuals having a home built or remodeled.

Audience: This session is ideal for consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers, credit officers involved in the consumer lending process, and support personnel involved in the administration of residential construction loans.

Banking Cannabis Part 1: Onboarding and KYC - March 11th

During this program, we will lay a good foundation for building your program on marijuana and hemp.What would be in your risk assessment? What do you need to open an account? How will we set up a Customer Identification Program (CIP) and a Customer Due Diligence (CDD) for your institution? How to break customers into tiers and establish the rules for each tier.

Audience: This session is ideal for AML/CFT/BSA officers and staff, security, deposit operations, deposit and loan compliance, and new account representatives.

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

2025 BOB Funding Round Now Open with $12 Million Available to Help Small Businesses

The 2025 Banking On Business (BOB) funding round opened on Tuesday, March 4, with $12 million available to assist qualified small businesses. BOB offers unsecured secondary loans, in conjunction with member first loans, to help qualified small businesses that would otherwise not meet traditional underwriting requirements. In 2025, $4 million of the $12 million BOB allocation is set-aside for minority- and women-owned small businesses through the Banking On Business Inclusion and Equity fund (BOBIE), a special purpose credit program established in accordance with applicable law.

Podcast: CFPB’s Inquiry Into Payments Privacy

In the latest episode of Payments Pros, host Carlin McCrory welcomes Kim Phan to discuss the Consumer Financial Protection Bureau's (CFPB) recent inquiries into enhancing privacy protections.

On January 10, the CFPB sought public input on improving privacy safeguards and curbing harmful surveillance and digital payments, particularly those offered by large technology platforms. The CFPB is particularly interested in comments on existing financial privacy laws and issues related to intrusive data collection and personalized pricing.