Marlette Funding/Best Egg acquires flexible rent platform
Marlette Holdings, Inc., north Wilmington, announced the acquisition of Till, Inc., a flexible rent platform. Till will be rebranded under Marlette's Best Egg brand...
Bancorp gets OK for national charter, discloses headquarters move to Sioux Falls
Company will retain Wilmington workforce
The Bancorp, Inc. has completed the charter conversion process for its bank unit with the Office of the Comptroller of...
WSFS adds to lead in bank market share
An analysis of an annual report from Federal Deposit Insurance Corp. shows Wilmington-based WSFS Bank extending its Delaware market share lead over M&T...
Capital One to open innovation center in Philadelphia
Capital One plans to open an innovation center City Philadelphia as it works to deal with technology challenges, the Philadelphia Business Journal reported.
The center...
WSFS’ Regional-national poll points to confidence in reaching personal financial goals
INFLATION, POOR CREDIT AREAS OF CONCERN
Nearly three-quarters of Americans (72%) feel confident they will achieve their financial goals, according to a new WSFS Bank...
Ally adding staff in Delaware after Fair Square acquisition
Ally Financial, one of the nation’s largest digital financial services companies, is growing its employee base in Wilmington.
In December 2021, the company completed...
Delaware January jobless rate holds steady at 4.8%
Delaware’s seasonally adjusted unemployment rate in January 2022 stood at 4.8%, unchanged from December 2021.
Employment growth and the unemployment rate continue to remain well...
TD Bank to acquire Memphis-based First Horizon
TD Bank Group and First Horizon Corporation signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at $13.4...
PNC closing branch in Bear in May
PNC Bank will close its Eden Square branch at 100 Eden Circle in Bear on May 20.
The Eden Square branch will be consolidated with...
WSFS’ 4th quarter earnings beat estimates
WSFS Financial Corporation, the parent company of WSFS Bank, reported an increase in net income from the third quarter, although earnings were down slightly...
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,...
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...
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...
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:...
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...
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...
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 ...
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...
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...
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....
