DBA Digest for September 16, 2022

FDIC Directors' College -

September 23rd, Hyatt Place, Dewey, DE

Time is running out to register for the 2022 FDIC Director's College, September 23, 8:30 a.m. to 1:30 p.m at the Hyatt Place Dewey. The FDIC Directors’ College provides ongoing education on current topics of bank supervision to bank directors, senior officers, corporate secretaries, and board advisors. The course is designed to help directors and trustees, both new and experienced, stay abreast of the ever-changing regulatory environment.

This year's agenda includes: Asset-Liability Committee (ALCO) Oversight, AML/CFT Risk Assessing, Third-Party and Risk Management, a conversation with regulators, and an Economic and Banking update. Registration is $299.00/per person, with a discount of 15% for ten or more registrants. To take advantage of this group rate or to register multiple attendees, please reach out to Renee Rau at [email protected]


2022 Delaware Trust Conference - In-Person, Live Stream, and On-Demand!

The 2022 Delaware Trust Conference is bigger, better, and super convenient! This year’s conference, the 17th annual, will be live at The Chase Center on the Riverfront, AND live-streaming, on October 18 & 19, AND on-demand through November! The agenda is filled with a stellar lineup of speakers. 18 CLE credits are available, including 2.0 ethics credits. Follow the link below to view the agenda and register.

Sponsorships and Exhibition Space still available!


DE Trust Conference Webpage

US Economic Outlook: The Northern Trust Economics Team Shares its Outlook for Growth, Inflation and Interest Rates

The U.S. economy has been underperforming this year, by both recent and historical standards. Real gross domestic product (GDP) has declined for two quarters in a row. This is a technical recession, not a broad one; nonetheless, concerns are rising as to when recession could come, how severe it will be, and how long it will last. 

Looking at the larger picture, a downturn is not assured. Forward-looking indicators of industrial activity are still in positive territory, and labor markets still have plenty of momentum. Inflation has started to ease a bit, which will increase real output; continued hawkishness by the Federal Reserve will also help to cool price increases in the coming quarters.

The central question surrounding the outlook is whether it will require a recession to bring inflation under control. We don’t think so, but it’s going to be a very close call on the soft landing.

Full Story

Shore United Bank Celebrates

Leslie Matthias' 20 Years of Service

Shore United Bank is happy to congratulate Leslie Matthias on 20 years of service. Leslie began her career with the bank in September of 2002 at the Glen Burnie branch in Maryland as a self-proclaimed “accidental banker”. Before starting her banking career, she attended the EMT Program at Anne Arundel Community College.


Leslie’s first position at the Bank was on the teller line, and later as a Customer Service Representative, followed by the role of Assistant Branch Manager.  For the past 11 years, she has held the position of Branch Manager in Glen Burnie, supporting her valuable team and showing up every day, prepared to work alongside her team to do their best to help their clients. 


“I would not be where I am today without my team! We have been together for a long time, and we help each other with whatever tasks need to be completed,” explains Leslie regarding the value in her work. “I only hope my team knows how valuable they are to me,” she adds. 

Visit our Website


OCC to Host Virtual Innovation Office Hours

The Office of the Comptroller of the Currency (OCC) announced that it will host virtual Innovation Office Hours on September 28–29, 2022, to promote responsible innovation in the federal banking system.

Office Hours are one-on-one meetings with representatives from the OCC Office of Innovation to discuss financial technology (fintech), new products or services, partnering with a bank or fintech company, or other matters related to responsible innovation in financial services. Each meeting lasts no longer than one hour. Interested parties should request a virtual Office Hours session by August 26, 2022, and are asked to provide information on the topic(s) they are interested in discussing with the Office of Innovation. The OCC will determine specific meeting times and arrangements after it receives and accepts the requests.


New- Ask the Fed®: Whistleblower Policy - Monday, October 3, 2022

On October 3, 2022, at 2:00 pm ET, staff from the Federal Reserve Board will provide an overview of the Federal Reserve’s whistleblower policy. The Federal Deposit Insurance Act (FDIA) protects employees of depository institutions from retaliation for providing whistleblower information to any federal banking agency or to the United States Department of Justice and provides rewards for whistleblowers in appropriate circumstances. The purpose of the whistleblower policy is to promote the submission of whistleblower claims regarding misconduct, unsafe or unsound practices, or violations of law or regulation occurring at any banking organization supervised by the Federal Reserve.

During the session, Federal Reserve Board staff will respond to questions submitted in advance from registrants. Please email questions in advance of the session to [email protected].


Troutman Pepper Insights: Piecing It All Together: OFAC Combines Seven Years of Regulations, Amendments, and Interpretations All in One

Your business was hit with a ransomware attack over the weekend, and the critical systems are locked up (i.e., encrypted). To unlock those valuable systems and continue operating the business, the threat actor demands financial payment. After much debate, you and your team decide the business needs to meet the threat actor’s demands to continue operations. Are there any laws or regulations you should consider before making a payment? Yes, and some were recently reissued.

On September 6, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published Cyber-Related Sanctions Regulations, 31 C.F.R. Part 578. The regulations do not change any prior

Full Story
We want to hear from you! Please send your news items to
Greg Koseluk at [email protected]