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Tuesday, May 5, 2020
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WSFS posts higher earnings for 2019

Wilmington-based WSFS Financial Corp. reported higher earnings in the fourth quarter and 2019 as the integration with Beneficial Bank  went smoothly Net income for the year was $444.9 million, up from $246.5 million a year...
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Housing fund announces $1 million in funding for two dozen homes

Seven   housing projects statewide will receive $1 million from Delaware’s Housing Development Fund. The HDF, Delaware’s housing trust fund, was created for the purpose of providing affordable low and moderate-income households. Nonprofit developers or...
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State settles with Horace Mann, representative over transfer of teachers’ retirement accounts

Horace Mann Investors, Inc., has agreed to provide settlement payments to  customers with IRA accounts opened by one of its registered representatives, Dieter Hofmann. In 2016, the State of Delaware moved  its deferred compensation plans...
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Chase opens first free-standing branch in north Wilmington.

Chase has opened its first free-standing office in Delaware at the Brandywine Commons shopping center at 1000 Rocky Run Parkway. The former Bryn Mawr Trust branch operate every day of the week with the exception...
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From ProPublica: IRS reforms free file program, drops agreement not to compete with TurboTax

ProPublica is a Pulitzer Prize-winning investigative newsroom.  Finding free online tax filing should be easier this year for millions of Americans. The IRS announced significant changes Monday to its deal with the tax prep software industry....
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Updated: M&T Bank issues warning about account ‘phishing’

M&T, the largest full-service bank in Delaware, is warning customers about criminals "phishing" for account information. "We recently learned of a scam involving text messages advising that your M&T accounts or cards have been restricted....
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Seaside Jewish Community synagogue expansion groundbreaking coming this week

Seaside Jewish Community will hold a groundbreaking ceremony and reception to mark the beginning of the expansion of its synagogue. The event will take place 11:30 a.m. on January 5, 2020, at the synagogue...
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The end-of-the-year budget  bill

Hello everyone, Earlier this month, this column took note of the nervousness over whether a popular tax break for smaller breweries and distilleries in Delaware and elsewhere would get an extension. The measure had the support...
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Del-One opens interactive teller center in Rose Hill

Last week, a grand opening and ribbon-cutting ceremony was held at the Rose Hill Community Center near Wilmington to celebrate the installation of a Del-One Interactive Teller Machine. The ITM  offers immediate access to a live...
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Chase and a story of racial bias

Hello everyone, The other day, I logged on to a Chase website and saw a message from CEO Jamie Dimon condemning racism. It seemed a little strange at the time until the back story emerged. The...