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Newark, Delaware
Wednesday, November 22, 2017

Idea from Del-One member generates $5,740 for Breast Cancer Coalition

Rosalyn, a Del-One credit union member, went to the Smyrna branch and asked if the credit union could offer a debit card image for breast cancer awareness.  Del-One brought this great idea to fruition and...

Delaware’s credit card burden ranks 21st in nation

Delaware, sometimes known as the credit card capital, the state ranks 21st  when it comes from the debt load that comes from using the plastic. A  recent CardRatings study compared costs-of-living in all 50 states...

Exelon unit files Chapter 11 in Del. in bid to turn over Texas...

Delmarva Power owner Exelon Corporation placed a Texas power plant subsidiary into Chapter 11 bankruptcy proceedings in Wilmington that if successful would give ownership to lenders. The company cited low electricity prices as the reason...

WSFS forms limited purpose trust company

WSFS Financial Corporation announced the formation of a new trust company, Christiana Trust Company of Delaware.  The new trust company will be a wholly- owned subsidiary of WSFS Financial Corporation and will supplement the existing...

Harnish to receive UD entrepreneurship award

The University of Delaware Horn Entrepreneurship has announced the winner of the 2017 Siegfried Award for Entrepreneurial Leadership, business leader and author Verne Harnish. Harnish is founder of   Entrepreneurs' Organization (EO), with more than 12,000...

JD Power survey shows small business customers less satisfied with their bank

Many small businesses are feeling neglected by their banks as satisfaction in nearly every factor declines, according to the J.D. Power 2017 U.S. Small Business Banking Satisfaction Study. “Small business banking is one of only...

WSFS posts strong earnings in third quarter

WSFS Financial Corp. reported net income of $20.6 million,  compared to net income of $12.7 million during the same period a year ago and net income of $20.6 million in the second quarter of...

Sallie Mae posts earnings gain in third quarter

Sallie Mae reported a strong third quarter.  “The third quarter includes the back-to-school season for millions of families and the peak of our lending activity. It is gratifying to have helped 221,000 students return to...

Companies to see decline in workers comp insurance rates

Delaware will see  a decrease in workers comp  insurance Rates, effective December 1. “I am thrilled to see an agreement come so quickly from the Delaware Compensation Rating Bureau (DCRB), the Ratepayer Advocate, and my...

Wilmington Trust settlement puts dent in M&T earnings

M&T reported higher earnings in the third quarter as a settlement with predecessor bank Wilmington Trust putting a dent in results.  Diluted earnings per common share measured in accordance with generally accepted accounting principles  (GAPP...
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