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Newark, Delaware
Tuesday, August 22, 2017

Wells Fargo taps Del. B of A executive to head banking team

Wells Fargo & Company has named  Delaware MBNA/Bank of America executive Andrew Rowe to head its Community Banking Customer Segments team, effective in September. Rowe will lead efforts focused on meeting the needs of customers...

Paul Ryan says ‘Death Tax’ hurts small businesses. IRS data shows otherwise

By Cezary Podkul ProPublica Does the estate tax really hurt small businesses? House Speaker Paul Ryan thinks so. He revived this longstanding debate in a May 17 column in the Kenosha News, in which he defended...

State Insurance Dept. adds chat feature to website

The Delaware Department of Insurance has added a live chat support feature to its website. The chat box offers online users a quick and convenient way to connect with a department specialist who can...

Community Reinvestment Action Council moving to longtime bank building

DCRAC, the Delaware Community Reinvestment Action Council, Inc., is moving its main office to 600 South Harrison Street in Wilmington, in  2017. The building itself is a gift from Fulton Bank and grants from three...

Delaware policyholders protected from use it and lose it insurance cancelations

Delaware homeowners are among the best protected in the nation against having their homeowner's insurance non-renewed or rates raised due to filing or even inquiring about a claim. This is according to a recent study...

Shore Bankshares reports higher earnings in first quarter

Shore Bancshares, Inc.  reported net income of $2.8 million  for the first quarter of 2017, compared to net income of $2.495 million for the fourth quarter of 2016, and net income of $2.46  million...

Navient acquires JPMorgan Chase student loan portfolio and reports lower earnings

Navient released lower  first-quarter 2017 financial results and the purchase of JPMorgan Chase's $6.9 billion education loan portfolio. “With the acquisition of nearly $7 billion of education loans, we again demonstrate our capability to successfully...

College Ave secures $30 million in funding

College Ave Student Loans, Wilmington,  has secured $30 million in funding. Fourth-round investors include new and existing participants, such as Comcast Ventures and Leading Edge Ventures. This round of funding was oversubscribed, with the initial...

Community Powered credit union offering preferred business partner program

Community Powered Federal Credit Union is now offering a  Preferred Partner Program for selected businesses. Local companies are invited to apply for the program. According to a release, the "carefully selected group is promoted to the...

M&T Bank to sponsor field at newly opened DE Turf Sports Complex

M&T Bank announced  a sponsorship with DE Turf Sports Complex, a 12-field multipurpose facility between Dover and Milford.  M&T has signed on for a three-year sponsorship to name Field 2 as M&T Bank Field,...