DBA Digest for November 4, 2022

Compliance Professionals! Don't Miss the

DBA Compliance School - December 7th!

Attention: Compliance Officers; Auditors; Lenders; and, Attorneys! Registration is now open for the DBA Regulatory Compliance School. In-Person at Wilmington University Brandywine Campus, and also Online.  Register before November 25th and receive the Early-Bird Discounted Rate of $699!

Get the latest information on the trends and topics you need in the ever-changing regulatory compliance environment. Sessions and topics include: Fair Lending, Deposit Compliance, UDAAP, HMDA, recent enforcement actions, and more! 8 DE & PA CLE Credits, CPE and CRCM Credits Applied For.

Presenting Sponsors:


2022 Delaware Trust Conference - On Demand!


Attention Wealth Mangement Professionals: All the sessions of the 2022 Delaware Trust Conference are still available via the conference site. Attendees can earn up to 18.0 CLE Credits, Including 2.0 Ethics Credits! Visit the conference webpage (link below) for credit forms. All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known. 

Thank you to all the Sponsors, Exhibitors, Speakers, In-Person Attendees, and Live-Streamers for making the 2022 Delaware Trust Conference a memorable event!


DE Trust Conference Webpage

JTC Acquires New York Private Trust Company

in Delaware

JTC, the global professional services business, has completed its acquisition of New York Private Trust Company (“NYPTC”), a Delaware-chartered non-deposit trust company.

NYPTC offers a range of fiduciary services, including trusts, estate administration and white label platforms to high net worth individuals, family offices and corporate clients who are based in the US and around the world.

The acquisition supports JTC’s strategy to continue its growth in the US market and in particular, to develop its US domestic trust services offering in what is a large and growing market.

NYPTC is highly complementary to JTC’s existing Private Client Services operations in the US, which were established in 2013 and now include offices in Delaware, Miami, New York and South Dakota.

Full Story

Sarah Slaysman joins Artisans’ Bank Mortgage Team

Artisans’ Bank is proud to announce that Sarah Slaysman has joined our Residential Mortgage Loan Team as a Mortgage Loan Originator. Working out of Artisans’ new Rehoboth Beach Branch and Business Center, Sarah will serve Southern Delaware and offer a full complement of home loans.

Sarah comes to Artisans’ Bank with over 20 years of experience in Banking. She has prior success as a Branch Manager, Licensed Investment Consultant and Mortgage Underwriter. Sarah has been a licensed Mortgage Loan Officer for the past seven years.

“I really enjoy working with people and educating them on their options. My extensive experience makes me a great partner to have on your team during the home buying process.”

Join Northern Trust on November 17 for Exclusive Insights from Their Experts

Join us for the first Market Insights event following the 2022 midterm elections to hear from our experts on market, economic and tax-planning developments.


November 17, 2022

8 a.m. PT | 9 a.m. MT | 10 a.m. CT | 11 a.m. ET


Duration: 60 minutes

Unable to attend?

Register to receive a replay of the webinar 24 hours following the event.


Bank of America Market Minute

Stocks capped their best two-week performance since November 2020 even as mega-caps tumbled. Last week $550 billion was wiped from the value of the biggest U.S. technical companies given weaker earnings and higher interest rates. Still, the Nasdaq Composite gained 2.2% over last week, while the Dow Jones Industrial Average advanced 5.7% and the S&P 500 rose almost 4%. In economic news, the Federal Reserve’s (Fed) preferred inflation gauge, the core personal consumption expenditures (PCE) index rose 0.5% month-over-month, matching forecasts and August's rise. The index was 5.1% higher year-overyear (YoY) following August's 4.9% rise. The Commerce Department released its first estimate of gross domestic product (GDP) growth for Q3 showing the economy expanded at an annualized rate of 2.6%, above consensus and the first positive reading this year. On the consumer, spending increased by 0.6% last month, according to the Commerce Department. Households spent more on essentials as prices marched higher. The personal savings rate fell to 3.1% and down from 7.9% a year ago. The Fed is expected to raise interest rates by 0.75% at its meeting this week lifting the target range of 3.75% to 4%. October’s monthly employment report will be released this Friday showing various measures of the labor market such as nonfarm payrolls, the unemployment rate, average hourly earnings, and labor force participation rates

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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.

29 Richards, Layton & Finger Practices Honored in U.S. News “Best Law Firms” Rankings

Richards, Layton & Finger has been recognized for excellence in 29 practice areas in the 2023 edition of the U.S. News - Best Lawyers “Best Law Firms” rankings, including receiving the survey’s top Tier 1 ranking in 22 practice areas.

Richards Layton has more practices listed in the “Best Law Firms” Delaware rankings, and more practices ranked in Tier 1, than any other firm in the state. Two of the firm’s practices—Mergers & Acquisitions Litigation and Securitization and Structured Finance Law—also achieved national ranking.

“We’re honored that U.S. News continues to recognize our firm’s commitment to excellence,” says Lisa Schmidt, president of Richards Layton. “Our lawyers have built a reputation for handling complex matters of Delaware law across an incredibly wide range of practice areas. We’re proud of the exceptional counsel and the outstanding service we provide to our clients, as well as our ongoing efforts to enhance both our profession and our community.”

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Morris Nichols Recognized in 21 Practice Areas in 2023 US News – Best Lawyers “Best Law Firms”

U.S. News - Best Lawyers “Best Law Firms” today released its 2023 edition. Delaware law firm Morris Nichols was selected for inclusion in 21 practice areas, covering a range of business law categories including corporate law and transactions; bankruptcy and reorganizations; and M&A, IP and patent litigation.

The rankings are based on client feedback, survey responses, and peer review. These results complement the recent recognition of 35 Morris Nichols attorneys selected for inclusion in The Best Lawyers in America® 2023 edition.

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GF&M recognized by U.S. News-Best Lawyers® "Best Law Firms" 2023

Gordon, Fournaris & Mammarella, P.A. is excited to announce that eight of their practice areas have been regionally ranked in the 2023 Edition of U.S. News – Best Lawyers ® “Best Law Firms.” GF&M’s practice areas for Litigation – Trusts & Estates, Real Estate Law and Trusts & Estates Law were again listed as Metropolitan Tier 1, and additionally Tax Law moved up a rank to Metropolitan Tier 1. The following GF&M practice areas were ranked Metropolitan Tier 2: Arbitration, Corporate Governance Law, and Mediation. GF&M’s Corporate Law practice area was ranked Metropolitan Tier 3. For the 2023 edition, over 12.2 million evaluations were provided for over 22,000 law firms throughout the United States. GF&M would like to thank those who submitted evaluations for our firm and U.S. News – Best Lawyers® for giving us the honor of being included in the 2023 Edition of “Best Law Firms.” Read the official press release here: Best Law Firms Publication | Best Law Firms (usnews.com)

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Weiner Benefits Hosts a Market Update: Special Edition Non-Qualified Plans and Executive Benefits-November 17th

Join Weiner Benefits Group on Thursday, November 17th 2022 at 10am for a Market Update with Principal Financial Services. Limited Spaces Available, Please Register in Advance. Questions? Please Contact Stephanie Clendening at 302-658-0218 or stephanie@weinerbenefitsgroup.com


Troutman Pepper Consumer Financial Services Monitor: Banking Groups Refute Senator Warren’s Report on P2P Fraud

Banking groups are taking issue with a report by Senator Elizabeth Warren (D-MA) regarding the prevalence of fraud on Zelle, the popular peer-to-peer (P2P) payment service. In an October 3 joint statement, the Consumer Bankers Association, American Bankers Association, Bank Policy Institute, and The Clearing House expressed their collective disagreement with the report’s conclusions that fraud and theft are rampant and growing on the platform, banks are not refunding when customers were fraudulently induced into making payments, and that the Consumer Financial Protection Bureau should increase its supervisory oversight of the platform.

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Correction: Last week's edition of the DBA Digest incorrectly ran the 2021 Delaware Today recognition for Connolly Gallagher in their poll of Top Lawyers.  We apologize for the mistake.

We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com