DBA Digest for May 30, 2025

Delaware Legislative Honors Delaware Bankers Association's 130th Anniversary

David Mench, DBA Director, Government Affairs, In-Coming DBA President Karyn Polak, DBA President Sarah Long, and Delaware State Senator Spiros Mantzavinos in the Delaware Senate Chamber, May 22nd.

The Delaware Legislature honored the Delaware Bankers Association on the Association's 130th Anniversary during a session on Thursday, May 22, at Legislative Hall in Dover. Prior to the session, the DBA hosted a reception luncheon for the legislators.

Don't Miss These Upcoming OnCourse Learning Webinars!

Data Privacy 101 - June 2nd

Are you new to data privacy? Have you been assigned some responsibilities at your institution but are concerned about your background and preparation? Attend this session to understand the principles of data privacy, review the common data privacy threats which concern your institution, and review practical data privacy controls which can safeguard your financial institution.

Audience: This session is ideal for Information privacy officers, C-suite personnel, IT risk officers, information security officers, incident handlers, lead auditors, vendor managers, emergency management professionals, compliance officers, and information privacy officers.

Common Issues in HMDA Data - June 4th

This webinar provides insight into the murky areas of HMDA which may result in the failure to report the appropriate loans on the LAR or errors in reported data fields. Participants receive a detailed manual that serves as a handbook long after the program is completed.

Audience: The program is ideal for loan officers, compliance officers, loan processors, clerks, and auditors.



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

The Delaware Council on Banking Announces New Funding Opportunity

The Delaware Community Investment Venture Fund (DCIVF), which is administered by the Delaware Council on Banking, provides funding opportunities for banking organizations, credit unions, and Community Development Financial Institutions doing business in Delaware to better serve the needs of low- to moderate-income census tracts within the state. Applications must be completed and submitted to the Delaware Council on Banking on or before 5:00 p.m. on June 16, 2025.

Banks, credit unions, and CDFIs properly registered and authorized to conduct business in the State of Delaware may apply for one or more grants to support proposed programs that: 

1. invest in the development of financial product or financial product underwriting innovations that will enhance access to capital, funding, and other financial services for businesses in low- to moderate-income tracts in Delaware;
2. deploy, test, and evaluate these innovations for providing capital and funding to businesses in low- to moderate-income tracts in Delaware; and
3. promote and make these innovations available to a variety of banking organizations, Community Development Financial Institutions, and credit unions for use in enhancing access to capital, funding, and other financial services for businesses in low- to moderate-income tracts in Delaware.

If you have any questions, please email DCIVF@delaware.gov. 

Philadelphia Fed Video: Labor Markets and Opportunity: Is Our Workforce Getting Smaller?

Across the United States, as the baby boomer generation retires, fewer workers are participating in the workforce. Why is this happening, and why does it matter?

Low labor force participation can have a big impact on the economy. “If we don’t have enough people with the right skills entering the labor force, then we don’t get the growth we want,” says Philadelphia Fed President and CEO Patrick T. Harker.

Congress gave the Fed a dual mandate — stable prices and maximum employment. That’s why we study economic data and speak directly to workers to understand what’s happening in the economy.

Virtual Event! ABA Women Lead Symposium - July 17th!

Don't miss the Women Lead Symposium, July 17, a convenient virtual program

designed to help emerging leaders and seasoned professionals become successful leaders.

This joint effort between the American Bankers Association, the Delaware Bankers Association, and other state bankers associations will help you gain critical leadership skills that will support your bank’s growth goals and advance your career. You’ll learn leading practices and actionable insights to navigate key positions at your bank and foster workforce excellence. You’ll walk away with leadership resources and a strong professional network!

See the full agenda and registration information via the link below!

Richards Layton’s Kinsey Lenehan Chosen for DBT’s Top 40 Under 40

Kinsey Lenehan, counsel at Richards, Layton & Finger, has been named among The Delaware Business Times Top 40 Under 40 Class of 2025. Known as the DBT40, this annual award honors top young professionals across the state under the age of 40 for their accomplishments in and out of the office.

“I’m so proud to congratulate Kinsey on this well-deserved award,” says Lisa Schmidt, president of Richards Layton. “She is more than a skillful lawyer; her tireless dedication to our firm, our profession, and our community is truly remarkable. We salute her and all she does to enrich the lives of those around her—while also raising two small children and running marathons in states across the country!”



Kinsey focuses her legal practice on complex transactional matters relating to Delaware alternative entities, including limited liability companies, limited partnerships, and general partnerships. She advises global law firms, national and international financial institutions, privately held funds, investment vehicles, and other entities on a wide range of complex matters.

Donate to the DCF’s Leadership Campaign

The DCF is working diligently to guide Delaware's nonprofit sector as it "Meets the Moment" in addressing the unprecedented challenges at the state and local levels. This month, the DCF is advising and training nonprofit leaders to assess the impact of the funding freeze, create contingency plans, and explore creative, entrepreneurial methods to address rising community needs. Our “Meet the Moment” grant cycle will distribute up to $425,000 this summer. Please consider making a gift to the DCF's Leadership Campaign. Your support will ensure that our work continues. 

Cinnaire Raises $340 Million for Affordable Housing Development and Preservation

Cinnaire announced the closing of a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history. Designed to create housing that provides people a safe, stable place to call home, this fund will finance 33 developments across 11 states, providing 2,455 affordable housing units supporting more than 5,400 individuals and generating more than $844 million in local economic activity.

Fund 43 will support transformative developments including:

Imani Village Phase IV – Wilmington, DE

Located in New Castle County, Imani Village IV will deliver 84 new units—57 affordable and 27 market-rate—serving families as part of the Riverside community revitalization effort in Wilmington. Developed by Pennrose Properties in partnership with REACH Riverside and Wilmington Housing Authority, this project is aligned with Purpose Built Communities’ mission to transform neighborhoods of concentrated urban poverty. Supportive services will be offered through Kingswood Community Services. Imani Village IV is the fourth phase of Cinnaire’s partnership with Pennrose and a key component of Wilmington’s inclusive redevelopment plan.

Navigating Change: First 100 Days Under the Trump Administration

We are pleased to share with you our latest publication, "Navigating Change: First 100 Days under the Trump Administration," authored by our Digital Assets + Blockchain team. This retrospective examines the pivotal developments in the digital assets industry during the initial phase of the Trump administration.

The first 100 days were marked by significant changes across various levels, including federal government actions, state and federal legislative initiatives, regulatory updates, and industry advancements. As the new administration began to shape its policies, the United States navigated its approach to cryptocurrency and blockchain technology, setting the stage for future financial innovation.