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Saturday, July 25, 2020
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Philadelphia Fed’s Harker: Economy perking along  as  labor market remains tight

By Eileen Dallabrida, This year’s economy will offer more jobs than qualified people to fill them and increased consumer confidence—with bolstered spending to match. That’s the consensus this week from a blue-ribbon panel presenting the 2020...
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Navient buys shares back from hedge fund

Navient Corporation, Wilmington,  has entered into an agreement to repurchase 20,346,464 shares of common stock owned by Canyon Partners, LLC affiliates at a purchase price of $14.77 per share. Canyon is a hedge fund based...
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Carney rolls out proposed fiscal ’21 budget

Gov.  John Carney on Thursday presented a $4.6 billion   Fiscal Year 2021 Recommended Budget. The 2021  budget is up nearly four  percent from last years budget. “We presented a responsible budget plan today that makes...
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Trending: Insurance company to bring 52 jobs to Wilmington

A small mutual insurance company founded in Salem County, NJ, is moving across the river to Wilmington. Farmers of Salem is relocating from Salem, NJ  to Wilmington in 2021,  bringing 52 jobs to the city’s Central...
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Trending: Fire-damaged WSFS office in Hockessin won’t reopen

WSFS will not reopen its Hockessin office after a fire in December.  No one one was hurt in the Dec. 8 fire that broke out  after the bank was closed. "Given the substantial damage,  it...
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Bassett, Dawson and Foy celebrates 35th anniversary

Bassett, Dawson and Foy, Inc., located at 1011 Centre Road., Wilmington, is marking 35 years of serving high-net worth clients. The advisors at Bassett, Dawson & Foy, Inc. offer wealth solutions for individuals, businesses and...
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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...