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Thursday, January 20, 2022

M&T adds multicultural banking centers in Delaware

M&T Bank has  designated  eight bank branches in Delaware as multicultural banking centers and contributing $100,000 to a loan program and other resources intended to help Latino and Black small-businesses owners in Sussex County. The...

WSFS receives $15 million in settling long-running insurance case

WSFS Financial Corporation announced it agreed to resolve litigation related to  a predecessor, Christiana Bank & Trust Company. WSFS will receive $15 million under the terms of the  settlement.  The case was related to a Universitas...

WSFS branches temporarily close walk-in lobby services

Citing staffing challenges related to Covid-19 WSFS announced that all branches will operate without walk-in service beginning Tuesday. Banking offices will operate as drive-thru and appointment only. Locations...

Lyons, University of Delaware Economic Forecast returns in February

The annual Economic Forecast returns in February, with a member of the Open Market Committee of the Federal Reserve, listed as a speaker. The forecast will be held in...

Delaware households 7th best in improving balance sheets during pandemic

Despite the financial pressures arising from the pandemic, fewer Delawareans fell behind on credit card bills. QuoteWizard found that the loan delinquency rate in Delaware fell by 38%...

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.

Delaware employers may see 20% drop in workers comp insurance rates

Workers’ compensation insurance rates will decrease for the fifth year in a row, effective December 1, 2021. The voluntary market is seeing yet another double-digit decrease in voluntary market loss costs, with an average...

Bank of Delmarva parent to merge into north Jersey-based bank

OceanFirst Financial Corp., Red Bank, NJ, and Partners Bancorp, the parent company of The Bank of Delmarva, Seaford, and other financial institutions announced a definitive acquisition deal. Partners will merge into OceanFirst, with OceanFirst the...

Shores Bankshares completes merger with Severn Bancorp

Shore Bancshares, Inc., the holding company of Shore United Bank, and Severn Bancorp, Inc., the holding company of Severn Savings Bank, FSB, announced their merger has been completed. Shore Bankshares has Delaware offices in Felton, Camden,...
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