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Friday, July 19, 2019

Belfint, Lyons & Shuman wins accounting service award

Belfint, Lyons & Shuman, CPAs  announced that they have won  ClearlyRated’s Best of Accounting  Award for service. Best of Accounting Award winners have proven themselves as industry leaders in service quality based  on ratings provided by...

Philly Fed president Harker comfortable with holding interest rates steady

Patrick Harker, the former president of  University of Delaware and  head of the Federal Reserve Bank of Philadelphia, told the Wall Street Journal (paywall) that he sees no need to lower interest rates. Harker does not...

WSFS stock drops on news of higher loan loss provisions

WSFS Financial Corp. raised loan loss provisions from two customers apparently inherited in the merger with  Philadephia based Beneficial. Shares of WSFS fell about 3.7 percent in Wednesday trading on an up day for stock...

Development Finance Council recommends projects that aim to create 330 jobs

Companies are on track to create about 330 new jobs in Delaware after the Council on Development Finance at its recent meetings recommended approval of multiple grants from the Delaware Strategic Fund. In April CDF recommended...

Dover Downs owner to buy back stock, start dividend program

Twin River Worldwide Holdings, Inc. announced that its Board of Directors approved a capital return program under which Twin River may expend a total of up to $250 million for a stock repurchase program...

Report: Fintech a powerful force in Delaware economy

A report on financial technology (Fintech) in Delaware takes note of a growing sector of the economy that is attracting new players and legacy banks. The report, researched and authored by the Delaware Prosperity Partnership,...

Richmond-based insurance agency giant purchaes Dover-based Pfister Insurance

The Hilb Group, LLC  (THG)  a private equity funded insurance agency acquirer with 81 offices,  purchased   Dover-based Pfister Insurance, Inc. for an undisclosed sum. The transaction became effective June 1. THG is based in Richmond,...

Congressional delegation responds to Barclays news

The Delaware Congressional Delegation, U.S. Sens. Tom Carper and Chris Coons and U.S. Rep. Lisa Blunt Rochester, issued the following statement regarding Barclays decision to move 500 jobs to New Jersey.  “Today’s news is deeply disappointing,...

Barclays plans to cut 500 jobs in Delaware as it moves positions to...

Big cuts are on the way at Barclays operations in Wilmington.  Barclays announced. via press release that it will relocate approximately 500 jobs from its offices in Wilmington to a new campus in Whippany, New...

Business people: June 1, 2019 – WSFS, Faw Casson, Cecil County government

(Send your personnel news items to drainey@delawarebusinessnow.com WSFS Bank adds senior vice president WSFS Bank welcomed Martin Lespada as Senior Vice President, Director of Retail Strategy. Lespada will be responsible for the planning and execution of WSFS’...