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Friday, July 19, 2019

M&T to add 200 technology jobs in Wilmington

M&T Bank will add 200  positions in Wilmington as part of an announced plan to hire more than 1,000 technologists in coming years.   The hiring will bolster Wilmington's status as a financial technology "fintech" hub...

New state auditor reports progress in first 100 days

State Auditor Kathleen  McGuiness issued a report detailing her first 100 days in office. In a release, she measures taken since her inauguration designed to "reset the Auditors Office." The office had come under fire over...

Auto Finance company agrees to $550,000 settlement with state over subprime auto loans

An auto finance company operating in Delaware, Exeter Finance LLC, has agreed to provide  relief for its role in financing subprime auto loans to hundreds of Delaware car buyers, Attorney General Kathleen Jennings announced. This...

Delaware (so far) not part of an economic slowdown

Good afternoon everyone, We’ll know more in coming months, but there are scattered economic signs of slowing growth.  So far, Delaware does not seem to be part of the trend. The Center for Economic and Policy Research...

Delaware gets low ranking on taxpayer return on investment

Delaware ranks 39th when it comes to  Best & Worst Taxpayer Return on Investment in 2019. Source: WalletHub The ranking was compiled by the financial advice website, Wallethub. WalletHub used 30 metrics to compare the quality and efficiency...

Cover & Rossiter principal in demand for information on Opportunity Zones

Taxes are the hot topic right now for both individuals and businesses. Recently, Myunghee Geerts, Principal in Cover & Rossiter’s tax department, was invited to speak at several business organization events. Her primary focus was...

Delaware Reinvestment Action Council to manage Money School programs

Two First State financial  nonprofits  are uniting their efforts. The Delaware Financial Literacy Institute (DFLI)  announced that effective, April 1, the Delaware Community Reinvestment Action Council, Inc. (DCRAC) will assume oversight of DFLI’s Money...

WSFS changes name of corporate trust unit

WSFS Bank has organized its corporate trust and institutional solutions under a new name, WSFS Institutional Services.  The corporate trust and institutional services had operated under the Christiana Trust name. WSFS acquired Greenville based Christina  Bank...

Wells Fargo announces redress program after settlement over banking practices

Wells Fargo has launched  a consumer redress review program through which consumers who have not yet been made whole through other remediation programs already in place can seek to have their inquiry or complaint...

WSFS acquisition of Beneficial to close on Friday after Fed approval

WSFS Financial Corporation plans to close the acquisition of Beneficial Bancorp on Friday. The  Board of Governors of the Federal Reserve System Wednesday approved WSFS’ acquisition of Beneficial -  the final required regulatory approval. WSFS expects...