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Monday, September 16, 2019

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’...

Business owner gets 5 years in prison and is ordered to pay $4.2...

William Cook, 63, of Berlin, MD was sentenced Thursday  by Delaware  U.S. District Court Judge Colm F. Connolly to five years in prison  on federal bank fraud, false statement, and money laundering charges. After a...

Malvern Bank on the hunt for business customers in Delaware

Malvern Bancorp, Inc. is on the hunt for business customers  in northern Delaware. The parent company of Paoli, PA-based Malvern Bank recently announced the formation of an Advisory Board, that includes two members of the...

Three nonprofits to offer program for businesses that may not qualify for conventional...

A new, statewide partnership aims to  aid economic development in Delaware. FINANTA, SeedcoDE and West End Neighborhood House are teaming up to create a  one-stop shop for businesses that want to start or expand,...

Bank of Princeton completes purchase of former WSFS-Beneficial branches

The Bank of Princeton announced that it has successfully completed the previously announced acquisition of five branches located in Bordentown, Browns Mills, Chesterfield, Deptford, and Sicklerville, in New Jersey. The branches were part of Beneficial...

State Farm cuts vehicle insurance rates for 2nd year in a row

One of the state's largest auto insurers announced a rate cut. State Farm will cut its auto rates in Delaware for the second year in a row. The overall personal auto rate will drop by 5.1...

Chemours earnings decline as titanium market softens & start-up costs put dent in...

The Chemours Company, Wilmington, reported lower earnings and revenues  in the first quarter. "Our results in Q1 were consistent with our expectations for a slower start to 2019," said Chemours CEO Mark Vergnano. "Our performance...