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Thursday, January 20, 2022

State development finance panel approves millions of dollars in requests

The Delaware Council on Development Finance Monday approved millions of dollars of Strategic Grant requests that include funds for expanding a financial technology company, a processor of cheesesteak meat, and a...

CSC reaches preliminary deal to buy Netherlands-based business services company for $2 billion

Delaware-based Corporation Service Company and Netherlands-based Intertrust N.V. announced that a preliminary agreement calling for CSC to acquire the company in a cash deal valued at nearly $2 billion.

Ally completes buyout of Fair Square credit card company for $750 million

Ally Financial Inc.  closed on  its acquisition of Fair Square Financial, a digital-first credit card company based in downtown Wilmington. Ally had earlier disclosed the pending deal valued valued at $750 million "The addition of Fair...

Forward view from Jim Lee – The world really is moving faster

By Jim Lee   (Lee, CFA, CMT, CFP, is the founder of   StratFI, Wilmington)   One of my favorite investment reads from the past year is 100 Baggers: Stocks that Return 100-to-1 and How to Find Them, by...

Wilmington-based Navient plans to exit fed student loan servicing business

Wilmington-based Navient and Maximus announced the companies have signed an agreement to transfer the loan servicing for U.S. Department of Education-owned student loan accounts from Navient to Maximus, subject to government approval. The portfolio would...

M&T adds Spanish-language website

M&T Bank recently launched a new Spanish-language version of the website. As part of the change, M&T has designated some branches as "multicultural," meaning those branches have bilingual staff and resources that reflect the other...

DSU offering cash management account to university community

Delaware State University has partnered with Investor Cash Management to offer a new cash management account (CMA) for students, faculty, staff, and alumni that combines a  bank account with the investment options of a brokerage account....

Delaware State University returning to Wilmington with Capital One building donation

Delaware State University will return Wilmington thanks to the donation of a building from banking giant Capital One. DSU had moved its satellite classrooms out of a city to Kirkwood Highway, west of Wilmington, about...

PNC closing Greenville branch

PNC  plans to close its  Greenville branch at 3840 Kennett Pike in Wilmington. The branch will be  combined with the Talleyville office at  4111 Concord Pike in Wilmington, less than 3.5 miles away. In addition to...

Frontier credit card from Wilmington-based Barclaycard adds fee-free year for new customers

Barclays and low-fare carrier Frontier Airlines are offering new credit card customers a year without an annual fee.  Barclays has credit card operations in Wilmington. Frontier offers flights from New Castle Airport to Orlando. three...
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