DBA Digest for October 25, 2024

IT'S TRUST TIME!

Delaware Trust Conference Starts Monday!

The 19th annual Delaware Trust Conference starts Monday! And there's still time to register! The 2024 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, October 28 and 29. The sessions will also be available on-demand through November! Earn up to 18.5 CLE Credits!

The 2024 Delaware Trust Conference features the top experts in the field with the latest information on how you can maximize the Delaware Trust advantage for your clients!

Register today and make your Trustober the best ever!

Delaware Trust Conference:

Sunday Night Kickoff Reception!

The 2024 Delaware Trust Conference will kick off with a reception Sunday, October 27, 5 to 7 p.m. at the DuPont Environmental Education Center, 1400 Delmarva Lane, Wilmington. Experience the best of Delaware’s wildlife. DEEC features panoramic river and marsh views, and a 10-acre ornamental garden. Tickets to this exclusive reception event are just $150. Platinum and Diamond Sponsors receive two free registrations to the reception with their sponsorships. Space is limited! Register via the link below!

Women Connect! Rehoboth Beach!

Register Today!

Don't miss the next Women Connect Networking Event on Thursday, November 7 at Agave Rehoboth and Friday, November 8 at the Cambria Hotel Rehoboth. Topics include: A panel discussion on 'Women as Allies,' featuring James Ambagis, President & COO, BNY Mellon Trust of Delaware, Isabel Araujo, Senior Manager, Charles Schwab Trust Company of Delaware and Jennifer Fisher, Managing Director, Brown Brothers Harriman Trust Company of Delaware, a fireside chat with Nancy Dibert, CEO, Epic Marketing, and a keynote by Delia Sullivan, author of “The Story I Told Myself”, featured in Deserts to Mountaintops: Choosing our healing through radical self-acceptance by Jessica Buchanan. The program will include ample networking opportunities, a vendor showcase of local women owned businesses and non-profits, and headshots offered by a professional photographer! Register today for this exciting day of Engagement, Empowerment, and Networking!

Upcoming OnCourse Learning Webinars!

2024 Call Report Common Exam Issues - November 6th

Lately, examiner scrutiny is focused on accurate regulatory reporting as it is impacted by loan classification, allowances, and other re-classifications that trickle down to the Call Report. We will look at examples of exam findings and discuss how to address these findings at the bank. 

Audience: Whether you're looking to enhance your understanding of the exam process or seeking guidance on compliance, this webinar will equip you with the knowledge needed to navigate these critical aspects of bank operations. 

Wire Transfer Compliance - November 7th

Funds transfer fraud causes millions of dollars in losses for businesses and financial institutions every year. In 2023 alone, financial institutions filed over 400,000 Suspicious Activity Reports on incidents of wire fraud and/or suspicious funds transfers. Learn the steps you can take to protect your institution and your account holders! 

Audience: This informational session is designed for operations personnel, BSA officers, compliance officers, internal auditors, and any employee who handles wire transfers. 

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

Mid-Atlantic Bank Executives Conference –

November 3 & 4

The Mid-Atlantic Bank Executives Conference brings together bankers and industry partners for sessions with nationally recognized speakers providing relevant and timely content geared specifically to bank c-suite and other senior leaders. Sessions include: Economic Update; Keeping Pace with Rapidly Emerging Technologies; Credit Risk; and, More! Follow the link below for the full agenda and registration information.

Bank of America Private Bank Market Minute

The S&P 500 notched its 47th all-time high of 2024 at last Friday’s close, up nearly 1% to cap the index’s sixth straight week of gains. Utilities and Real Estate led the index last week with the former sector now up nearly 30% year-to-date. While the Nasdaq Composite and Dow Jones Industrial Average climbed 0.8% and 1.0% over the week, respectively, the benchmark Small-cap Russell 2000 Index outperformed its Large-cap peers last week with a near-2% gain—closing above its July 16th high for the first-time last Wednesday. U.S. Treasury yields were little changed by the end of the week while gold prices closed above $2,700 per troy ounce for the first time ever last Friday. Amid ongoing tensions in the Middle East, oil prices took a breather last week, down over 8% per the West Texas Intermediate benchmark. U.S. economic news focused on stronger-than expected retail sales in September. Sales rose 0.4% over the month, adding to evidence that the U.S. consumer remained intact in Q3. After hitting the highest level since August 2023 the prior week, jobless claims registered lower than expected at 241,000 for the week ending October 12.

See Vince and Dick at the Delaware Trust Conference!

Vincent C. Thomas and Richard W. Nenno of Young Conaway are excited to speak at the Delaware Trust Conference on October 28-29, 2024. Vince Thomas (Left) is Partner in and Co-chair of Young Conaway's Business Planning and Tax Section. Mr. Thomas is recognized as a national speaker and authority on the administration of Delaware statutory and common law trusts, as well as complex tax and business transactions for high-net-worth individuals. He will be speaking in a session called “So, Here’s What’s Going On: A Trustee’s Fiduciary Duty to Report.”

Dick Nenno (Right) is Senior Counsel with Young Conaway's Tax, Trusts and Estates Group. With over 45 years of estate-planning experience, Mr. Nenno is recognized as a national and published authority on estate-planning issues. He will be speaking in a session called “Conflict of Laws: What Makes the Delaware Advantage Work? What Endangers Its Future?”

If you’re attending the Delaware Trust Conference, don’t miss your chance to connect with Vince and Dick!

Richards, Layton & Finger Attorneys Honored by Lawdragon and Delaware Today

Nineteen Richards, Layton & Finger attorneys have been named in four Lawdragon 500 guides in 2024. A legal media company that provides online news and editorial features, Lawdragon selects its honorees through a comprehensive process involving journalistic research, nominations, and peer vetting. See the list of honorees via the link below.

Thirty-three Richards, Layton & Finger attorneys have been named Top Lawyers in Delaware Today magazine’s list of the best lawyers in the state. The magazine polls lawyers throughout Delaware to compile its annual Top Lawyers list. Four Richards Layton lawyers were designated “top vote getters” after receiving the most votes from their peers in their respective practice areas. See the list of honorees via the link below.

Morris Nichols Promotes Bankruptcy & Restructuring Attorney Matt Talmo to Partner

Morris Nichols is pleased to announce that bankruptcy and restructuring attorney Matthew O. Talmo has been invited to join the firm partnership, effective January 1, 2025.

“It is with great pleasure that we congratulate Matt on this wonderful accomplishment and welcome him as a new partner,” said Bill Lafferty, chair of the firm’s executive committee.



Matt’s practice focuses on business reorganization and restructuring. In his eight years at the firm, he has been involved in complex chapter 11 proceedings and reorganization matters, representing various parties in interest, including debtors, official and ad hoc committees, asset purchasers, debtor-in-possession (DIP) lenders, and creditors.

Learner College of Business & Economics: Preparing You to Meet the Market's Financial Needs

According to the U.S. Bureau of Labor Statistics, the job outlook for financial managers is projected to grow 17 percent from now until 2033. The increasing importance of big data and FinTech in the finance sector necessitates a strong foundation in programming and analytics. The University of Delaware’s Master of Science in Finance program helps you evolve and grow as a financial professional to stay current in a changing industry. Offered by UD’s Lerner College of Business and Economics, the program is designed to augment your financial industry knowledge with specialized coursework in risk management and fixed income securities. In addition to developing your skills in critical thinking, the program sharpens analytical decision making and emphasizes teamwork. We equip you with the tools to identify, assess, and mitigate financial risks as well as the fundamental programming knowledge required to collect, process, and analyze extensive financial datasets. Collectively, these skills are critical in the increasingly data-driven financial industry and enable decision makers to navigate complex financial environments and devise effective strategies for managing risks and opportunities facing their enterprises. Recent graduates have successfully secured careers in areas such as investment banking, private wealth management, and financial services. We are now accepting applications for Spring 2025 enrollment. Join us!