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Monday, August 3, 2020
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Sallie Mae reports second quarter loss

  Student lender Sallie Mae reported a loss in the second quarter. The loss per share totaled 23 cents, driven by a $243 Million increase to the provision for credit losses, due to future impacts from...
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Delaware gets an information technology council

The state's first Information Technology  Industry Council was launched at a special webinar late last week. The IT Industry Council is comprised of more than 20 executives representing employers in the state. The group's aim is...
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Updated: Search feature offers a look into Payroll Protection loans in Delaware, nationwide

The ProPublica nonprofit journalism site has issued a search feature on Payroll Protection Program loans in Delaware and nationwide. The site added the feature based on previously released spreadsheets from the Small Business Administration. Click here...
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Viewpoint: As deadline nears, SBA asks Payroll Protection lenders to work with...

BY: SBA Steve Bulger, Mid-Atlantic Regional Administrator (acting)  The final days  of the Paycheck Protection Program are upon us. The U.S. Small Business Administration continues to work with lenders to prioritize access to capital and...
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$1.45 billion in loans issued under Payroll Protection Program went to Delaware organizations

Financial institutions have processed  more than $1.45  billion in Payroll Protection Program loan-grants for Delaware companies. The PPP program partially or totally forgives loans to companies and organizations that retain employees during the coronavirus crisis. While...
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Delaware businesses get 4,872 loans in 2nd round of Payroll Protection Program

Delaware held its own when it came to the second round of Paycheck Protection Act loans. A report from the Small Business Administration indicated that a total of 4,872 loans with a value of more...
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WSFS beefs up ATM network during coronavirus pandemic

WSFS Bank today announced its ATM network is expanding from 473 ATMs to 560 to serve customers across Greater Philadelphia and Delaware. The expansion should significantly expand coverage in Philadelphia and South Jersey. WSFS already...
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Payroll Protection Program window opens

Hello everyone, The next batch of Payroll Protection Program applications is slated to move through the pipeline today. A total of $360 billion has been allocated for this phase, which comes with restrictions that  (may) keep...
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Stepping up in the COVID-19 war: CyberStreets, WSFS, Bloom Energy, Columbus Inn/Charcoal Pit

3D printing initiative  from Cyber Streets will add masks for  Beebe staff  Beebe Healthcare will begin printing masks for staff thanks to a donation of a 3D printer from Cyber Streets. Cyber Streets, a nonprofit organization...
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Chase to open Newark branch in third quarter

JPMorgan Chase will open a Chase  financial center branch later this year at the Newark Shopping Center. Chase spokesperson Ashlei Bobo said the branch will open in the third quarter of this year. Chase had long...