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Monday, December 18, 2017

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...

Settlement reached between U.S. Attorney and successor bank of Wilmington Trust

M&T has agreed to settle a criminal case over the disclosure of bad loans by predecessor Bank Wilmington Trust. The settlement will total $60 million. The settlement led to a delay in the trial of...

WSFS unveils new design at its oldest branch bank office

WSFS Financial Corporation, the parent company of WSFS Bank,  announced the completion of the renovation of the Union Street banking office with a recent ribbon cutting and dedication to Wilmington ceremony. Elected officials, customers and...

Deal with bank, trial delay, reported in Wilmington Trust case

Delaware Online reported today that the trial of former Wilmington Trust executives will be delayed until next year after a deal was reached with the financial services company.  The trial had been slated to get...

Student loan servicer Navient vows to fight PA Attorney General’s lawsuit

Wilmington-based student loan servicer Navient came out swinging in responding to a lawsuit by the Pennsylvania Attorney General over its business practices. Navient shares were down 13 percent in Thursday trading. The company issued the following...

Jury selection under way in trial of former Wilmington Trust execs

Jury selection has begun for a trial to determine if four former Wilmington Trust executives are guilty of conspiracy and false statements. The expected six-week trial is scheduled to begin Oct. 10 in district court...

Trial of former Wilmington Trust execs to get under way

The trial of former Wilmington Trust executives gets underway this week. In 2015, Former Wilmington Trust President, Robert V.A.  Harra and other executives have been indicted on federal charges related to concealing information on bad loans...

Wilmington Trust to manage Takata airbag restitution trust

Wilmington Trust, N.A. has been appointed trustee and investment manager for the Takata Corporation Restitution Fund Trust.  The $975 million trust, established as part of Takata Corp.’s settlement with the U.S. Department of Justice, will...

South Jersey bank to merge with Bank of Delmarva parent

Delmar Bancorp, parent company of The Bank of Delmarva, and Liberty Bell Bank, Marlton,  NJ, are proceeding with a merger announced earlier  this summer   The deal is valued at $16 million. Delmar Bancorp is...

Siegfried, Belfint, Lyons & Shuman make top 300 CPA firm ranking

Two Delaware-based certified public accounting firms made a national  top 300 list. The Siegfried Group, Wilmington,  was  recognized by Inside  Public Accounting as the fastest-growing CPA firm in the country with an organic growth rate of 18.4...
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