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Sunday, March 29, 2020

State announces extension of business tax deadlines

The Delaware Division of Revenue (DOR)  confirmed  the deadline for taxpayers to file their 2019 Delaware personal income tax returns has been extended to July 15, 2020. The division and the Internal Revenue Service remain...

Delaware Division of Revenue extends business, personal tax deadlines to July 15

The Delaware Division of Revenue announced that the deadline for taxpayers to file their 2019 Delaware personal income tax returns has been extended to July 15. The decision comes as a response to the coronavirus...

Dividend yields rise as market falls

Good afternoon everyone, Yesterday’s brutal day on Wall Street led to some interesting situations for companies with a local presence. Delaware City refinery owner PBF Energy’s shares  at one point were showing  an eight percent dividend...

AARP poll: Majority of Delawareans worry about having enough money for retirement

More than six in ten Delawareans feel anxious about having enough money for retirement. That's one of the findings from a recent  AARP Delaware statewide survey of registered voters in Delaware, ages 25-64. Only 13...

Arden acquires Northwestern Mutual’s trust business

Arden Trust Company (Arden Trust), a limited purpose trust company under the ownership of Kestra Financial, Inc. announced its acquisition of a $400 million trust business from Northwestern Mutual, of Milwaukee. Headquartered in Wilmington, Arden Trust...

Former Cecil Bank CEO indicted on fraud, bribery charges

A federal grand jury has indicted the former President and CEO  of Cecil Bank, Elkton, MD. Mary Beyer Halsey,  59, of Rising Sun, MD faces federal charges of conspiracy to commit bank fraud, bank fraud,...

M&T wins 13 business banking excellence awards

 Greenwich Associates has recognized M&T Bank with 13 regional and national Greenwich Excellence Awards and two Greenwich Best Brand Awards for small business and middle market banking.   Since 2011, M&T Bank has earned a total...

Former Delaware credit card exec Richard Vague in line for Pennsylvania ...

Pennsylvania Gov.  Tom Wolf announced his intention to nominate Richard Vague, a managing partner of Gabriel Investments to serve as secretary of the Department of Banking and Securities. Vague, who resides in Philadelphia, was a...

Philadelphia Fed’s Harker: Economy perking along  as  labor market remains tight

By Eileen Dallabrida, This year’s economy will offer more jobs than qualified people to fill them and increased consumer confidence—with bolstered spending to match. That’s the consensus this week from a blue-ribbon panel presenting the 2020...

Navient buys shares back from hedge fund

Navient Corporation, Wilmington,  has entered into an agreement to repurchase 20,346,464 shares of common stock owned by Canyon Partners, LLC affiliates at a purchase price of $14.77 per share. Canyon is a hedge fund based...