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Thursday, January 16, 2020

Del-One to offer services in Route 9 ‘banking desert’

Del-One Federal Credit Union will open a financial services center in the Route 9 area.  The site comes out of efforts to address a "banking desert" along a stretch of Route 9, which runs between...

WSFS rolls out first stage of fintech upgrades that include pilot of text messaging...

Wilmington-based WSFS Bank has announced the first steps of its technology upgrade. The bank announced it has enhanced the website experience, launched Zelle, and kicked off a pilot for a messaging mobile application known as...

County Executive Meyer won’t OK converting Board of Trade loan to stock

New Castle County Executive Matt Meyer will not sign a resolution calling for a loan to the Delaware Board of Trade to be converted to county-owned stock in its parent company. The resolution had previously...

Small Business Saturday

Good afternoon everyone, American Express is again asking Delawareans to shop on  Small Business Saturday. The long-running event, which has support from downtown organizations in Delaware and elsewhere,  comes the day after a busy  Black Friday....

Delaware’s business tax structure earns high ranking

Delaware managed to end up just outside the top 10  in a ranking of the state’s business tax structure. The report was issued last month by the Tax Foundation, a nonpartisan group. Since 2014, the...

Wilmington Trust outlook sees risk of tech productivity gains spurring populist policies

Wilmington Trust  announced its 2020 Capital Markets Forecast, "Market Tug of War: The interplay of productivity, populism, and portfolios." As the title indicates, productivity gains are likely to not make their way to employees who...

PNC names new Delaware market executive, signs long-term lease for downtown headquarters

PNC Bank has a new Delaware Market Executive and announced plans to keep its headquarters in Wilmington. PNC veteran Jim Hutchinson was named  Delaware Market Executive effective immediately. He has more than 30 years of...

TD Bank ranks first in regional JDPower small business banking report

TD Bank ranked  highest in small business banking in the  southern region, according to the 2019 J.D. Power Small Business Banking Satisfaction Study. TD Bank's overall small business customer satisfaction score reached 854 points for...

JPMorgan Chase may be eyeing expansion at other employment centers

JPMorgan Chase is reportedly looking outside New York City as it continues to grow. Bloomberg (limited page views) reported on the possibility of adding jobs in lower-cost areas like Delaware, Plano, TX  and Columbus, Ohio. Such...

M&T again ranks first in number of Delaware Small Business Administration loans

M&T Bank again ranked No. 1 in Delaware in the total Small Business Association-backed loans. In its overall footprint, M&T Bank extended 1,449 loans for a total of $178.8 million, which is up from 1,403...