DBA Digest for October 29 , 2021
All On-Demand Sessions Now Available!
Don't Miss a Moment of 2021 Delaware Trust Conference! 18 CLE Credits Available!
Todd Flubacher, Partner, Morris Nichols Arsht & Tunnell LLP, and Cynthia D.M. Brown, President, Commonwealth Trust Company, discuss Unitrust Conversions at the 2021 Delaware Trust Conference
Did you miss the 2021 Delaware Trust Conference? No, you didn't! All sessions of the 2021 Delaware Trust Conference are now available for on-demand viewing on the conference app. Attendees can earn up to 18.0 CLE Credits, Including 2.0 Ethics Credits! 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. Registrations are still being accepted! The All-Access Pass is only $995 for DBA Members!

LAST DAY TO SAVE 50% ON JOB POSTINGS!
Introductory Discount Ends Oct. 31st!
Delaware Bankers Association Unveils BankTalentHQ – Talent Gathers Here!
The introductory posting discount for DBA Members and Associate Members ends October 31st! Use coupon code LAUNCHDE at checkout through October 31st to receive 50% off a 30-day job posting. This code can be used an unlimited number of times until October 31, 2021

BankTalentHQ is designed as a talent management resource for the financial industry and is brought to you by the Delaware Bankers Association, in partnership with other state banking associations across the country. BankTalentHQ is the premier talent management site for financial industry careers.

To get started, please click on the link below...
Dan Stolzer to Retire as Fulton’s Chief Legal Officer; Natasha Luddington Joins Corporation’s Senior Management Team
Daniel R. Stolzer, senior executive vice president, chief legal officer and corporate secretary of Fulton Financial Corporation, has announced that he will retire from Fulton on January 7, 2022 after more than eight years of service to the company.

In a related announcement, Fulton announced that Natasha R. Luddington has joined Fulton’s senior management team as senior executive vice president and will become the corporation’s chief legal officer and corporate secretary upon Stolzer’s retirement.
"Taking the 'Grrr' Out of Grammar" Rescheduled to January 26, 2022
"Taking the Grrr Out of Grammar" has been rescheduled for Wednesday, January 26, 2022. Participants will enjoy working with practical grammar and punctuation rules. Topics for avoiding grammar glitches include subject-verb agreement, verb tense, misplaced as well as dangling modifiers, parallel structure, sentence structure, and pronoun case. Also included are the latest rules to help participants eliminate punctuation pitfalls while mastering commas, semicolons, and colons.

Join Linda Comerford, Comerford Consulting for this valuable course via Zoom.  Just $99 per person!
Mid-Atlantic CEO Forum - November 7-9
The Mid-Atlantic CEO Forum, an Event for Bank CEOs and Senior Leadership, will bring together bankers and industry partners for sessions with nationally recognized speakers providing relevant and timely content geared specifically to bank CEOs and other senior leaders. The Forum will be held November 7th through 9th at the Renaissance Baltimore Harborplace Hotel. Follow the link below for full agenda and registration information.
DBA partners with the Federal Reserve on the 2021 Small Business Credit Survey for Delaware small businesses with less than 500 employees
 
Completing the survey increases policymakers’ understanding of small business conditions at both the national and state levels. It is important for policymakers to understand what small business conditions are like in Delaware to make decisions and legislation related to the small business sector.

The survey closes on November 19, 2021. Take the 10-minute survey at the link below.
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.
Cinnaire: Residents Still Reeling from Hurricane Ida - A Rallying Cry for Affordable Housing
In early September, the remnants of Hurricane Ida, a deadly and destructive Category 4 Atlantic hurricane, wreaked havoc on 10 city blocks in Wilmington, DE. The storm caused the Brandywine Creek to flood to historic levels, a natural disaster that displaced hundreds of individuals and families living in high-poverty neighborhoods and impacting primarily people of color. Claymont Street Apartments, a 23-unit affordable housing development, is located at 1300 16th Street in Wilmington, a neighborhood hardest hit by the floods.
FideliTrade 3rd Q Market Update Now Available
In the third quarter of 2021, gold prices struggled with news of accelerated taper talk, but benefited from the pandemic gaining strength. Gold prices ended the quarter modestly lower at $1,757.00/oz, down $13, or 0.73%. Silver prices were impacted more significantly, dropping nearly $4 in a 15.15% decline to $22.17. Palladium, however, was the largest loser. Based on LBMA PM Prices, palladium prices lost an astounding $808, or 42.5% to $1,899. Platinum prices shed $96, or 9.07%, to settle the quarter at $963. Platinum and palladium prices suffered from reduced demand because car companies cut production due to microchip shortages. With three-quarters of 2021 in the books, for the year gold prices are 7.55% lower and silver prices are down 16.08%. Platinum and palladium prices are 9.8% and 18.9% lower, respectively.
Troutman Pepper Insight: CBA Requests Increased CFPB Supervision of Fintechs Via the Larger Participant Rule
The Consumer Bankers Association (CBA), a trade group of retail financial institutions, recently sent a letter to the Consumer Financial Protection Bureau (CFPB) director, requesting increased supervision of financial technology companies (fintechs). On October 3, just three days after Rohit Chopra was confirmed as the next CFPB director, the CBA urged him to consider expanding the agency’s larger participant rule.

The CFPB has authority to supervise certain “covered persons,” defined in 12 U.S.C. §5481 (6) to include “any person that engages in offering or providing a consumer financial product or service” and any affiliate of such person that acts as a service provider to such person. Fintechs are thus nondepository covered persons, but fall outside of the CFPB’s express, statutory supervisory authority. Under 12 U.S.C. § 5514, the CFPB has express supervisory authority over covered persons in the residential mortgage, private student lending, and consumer payday lending markets. The agency also has supervisory authority of any covered person who “is a larger participant of a market for other consumer financial products or services,” as defined by particular rulemaking.
Ballard Spahr Webinar: Advanced Issues in Deposit Litigation - November 10
Continuing their conversation from last year, join Ballard Spahr Consumer Financial Services attorneys as they discuss advanced issues in the deposit litigation space. Their discussion will include: Personal jurisdiction in deposit litigation cases; Inter-bank warranties under the UCC, particularly, tendering a claim that is covered by a warranty, accepting or rejecting the tender, what to do if a tender is rejected, and the consequences for a failure to accept a rightful tender; overdraft practices challenged in current litigation, including approving positive settle negative cases (APSN) and ACH retry cases; and, the tension between UCC 3-405 and 3-103(a)(9). The webinar will be Wednesday, November 10, 2021, 12:00 - 1:00 PM ET.
Sign Up Now! Two On-Line Courses:
Fundamentals of Commercial Banking; and,
Analyzing Repayment Sources!
The Delaware Bankers Association & Delaware Financial Education Alliance has partnered with Andy Keusal with Keusal Learning LLC to offer two new online Breaking into Banking videos:

  • Breaking into Banking 101: Fundamentals of Commercial Banking - ten learning modules, over 5 hours in total content

  • Breaking into Banking 201: Analyzing Repayment Sources - nine modules covers topics including how to analyze income statements, balance sheets, collateral, and risk rating.

Each module includes a video lesson and a multiple-choice self-check. Many of the lessons include exercises/case studies for learners to work through that are related to a sample company outlined in the course’s Reference Guide.

Get the full details, including an introductory video at the link below.
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com