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Monday, December 18, 2017

M&T Bank CEO Robert Wilmers, 83

Robert G. Wilmers, who built Buffalo-based M&T Bank Corp. into a regional powerhouse. has died. He was 83.  M&T’s Board of Directors named lead outside director Robert T. Brady, former Chairman and CEO of Moog,...

Navient again designated as Military Friendly Employer

Navient  announced it has been named a Military Friendly Employer. This is the third consecutive year that Navient has been recognized for its commitment to veteran employment by Victory Media, publisher of G.I. Jobs and Military Spouse...

SBA deadline nears for rain-related claims in 2016

The U.S. Small Business Administration reminded small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Jan. 17 is the filing deadline for federal economic injury disaster loans in...

Hedge fund investor says it is time for Navient to throw in the towel

Happy Monday, It hasn’t been a great year for Navient. The Wilmington company,  which was spun off a few years ago from Sallie Mae,  has been buffeted by a lawsuit from the Pennsylvania Attorney General and...

WSFS to provide debit card services to SoFi

WSFS Financial Corporation, the parent company of WSFS Bank,  entered into a two-year partnership to provide payment processing and debit card sponsorship services for a new cash management account by SoFi Securities, a subsidiary...

Sloppiness and worse in school finance

Good morning, At this business newsletter and website,  we mainly confine police and court coverage to white-collar crime. The scanner sites can offer accounts of the latest shooting or pile-up on I-95.  Over the past couple...

First annual report released by government efficiency panel

Gov. John Carney released the  first annual report  of the Government Efficiency and Accountability Review (GEAR) Board. While no total was calculated, the report indicated savings could run into the millions of dollars.  Governor Carney  established...

Sussex rolls out business loan program for portions of the county

Sussex County is replacing an underused business loan program, with a program that combines funds from the county and Discover Bank. County Council this week approved the creation of a new economic development loan program that will...

Coons, Carper support banking regulatory reduction bill

U.S. Senator Tom Carper and Chris Coons (both D-Del.)  announced their support for bipartisan legislation authored by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Senator Mark Warner (D-Va.), to reduce regulatory burdens on...

WSFS CEO apologizes for Black Friday direct deposit glitch

The CEO of WSFS  issued an apology to customers after a Black Friday glitch led to a delay in customers getting paychecks deposited into their accounts. The apology from Mark Turner stated that a technical...
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