DBA Digest for April 14, 2022
Last Call for Volunteers!
2022Teach Children to Save Day -
April 25th to April 29th!
29 IN-PERSON Classes, 10 VIRTUAL Available!
Time is running out to volunteer for 2022 Teach Children to Save Day. Make a difference by teaching elementary school students how to develop good savings habits today for a financially strong future! 29 In-Person and 10 On-Line classes are available.

Teaching is fun and easy! Complete video training is provided, and is now available for viewing on the Teach Children to Save Day page! There are plenty of in-person classes available along with a handful of virtual classes.

This year's event, the 24th annual, is April 25th through 29th. The majority of classrooms will be in-person! Teach Children to Save Day educates elementary school students on the importance of developing personal savings habits to build a financially independent future. Over the years Delaware’s bankers have taught an important lesson on saving to over 225,000 kids.
2022 DBA Annual Meeting and Dinner - May 12th - DuPont Country Club!
Registration Now Open!
Don't miss the Delaware Bankers Association's 127th Annual Dinner, May 12th, at the DuPont Country Club, 1001 Rockland Road, Wilmington.

Hear keynote speaker Mark Lally, the CEO of First State Compassion. After a 20 year career in law enforcement, Mark trailblazed Delaware’s medical cannabis industry, creating industry-leading procedures and policies while focusing on delivering the best products and services to thousands of patients every month.

Sponsorships are available! Join these prestigious sponsors:
Federal Home Loan Bank of Pittsburgh
Young Conaway Stargatt & Taylor
Connolly Gallagher
Richards Layton & Finger
McCollom D'Emilio Smith Uebler
Belfint Lyons & Shuman
Potter Anderson Corroon
Santora CPA Group
Weiner Benefits Group
Women Connect Retreat - May 26th!
Kickoff the Memorial Day weekend at the Hyatt Place in Dewey Beach and enjoy a refreshing mind and body morning, inspirational keynote, sit down lunch, and early happy hour! The Women Connect Network serves as a catalyst to engage, empower and connect women in the Financial Services Industry.

Sponsorships are available! Join these prestigious sponsors: Wilmington Trust; The Bryn Mawr Trust Company of Delaware; Delaware Community Foundation; Pinion; and, Wilmington University! Email Corinne Stayton for sponsorship information.
Business Writing Workshop - On-LIne - May 25th
Corporate communicators value this highly interactive workshop designed to resolve two of the biggest written communication challenges: writing more effective documents while following a more efficient process. Practical, lively exercises help increase skills in Paragraph Performance from introductions to conclusions, Sentence Sense, Word Wisdom, and Format Force. A review of practical grammar and punctuation rules is included. Documents and messages will look, sound, and feel more professional!

Workshop Objectives: 
• Identify varied audiences and purposes for writing;
• Polish rough edges of writing style in paragraphs, sentences, words, and format;
• Write more effective documents while following a more efficient writing process; and
• Apply course concepts to actual writing samples.

Cost: $199/per person ($249/non-members)
U.S. Economic Outlook: A New Phase of Recovery
The fierce downturn of 2020 and rapid recovery of 2021 are in the past. This year will feature more moderate growth, amid policy normalization. Projecting how much of each we will get in the balance of 2022 is no easy task.

Monetary policy has entered a tightening cycle. A review of the Fed’s history shows that soft landings are possible, but require a favorable economic context. The U.S. economy has a great deal of momentum supported by elevated savings, a need for businesses to rebuild inventories, a broad return to work, and renewed investment.

Risks to the recovery are evident in all directions, be they a renewed COVID surge, uncontrolled inflation, high energy prices or other spillovers from the Russia-Ukraine war. But we expect activity to persevere.
Ask the Regulators Webinar: Computer-Security Incident Notification Rule - April 28
On November 23, 2021, the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (the Agencies) announced the approval of a final rule on computer-security incident notification to improve the sharing of information about cyber incidents that may affect the U.S. banking system. Compliance with the final rule is required by May 1, 2022.

On Thursday, April 28, 2022, at 2:00 ET, the Agencies will jointly host an Ask the Regulators webinar regarding this rule. The program is intended for banking organizations and their bank service providers, as defined in the computer-security incident notification final rule. During the webinar, the Agencies will respond to questions submitted in advance from banking organizations and bank service providers.

Please email questions in advance of the webinar to asktheregulators@stls.frb.org. Questions received by April 20 will receive priority for responses from the panelists.

FDIC National Webinar:
Empowering Banks to Offer Affordable Accounts Using Core Technology - April 26
This webinar is for community banks to learn more about how to offer affordable accounts through core technology. Community bankers will share testimonies about how utilizing technical assistance provided by core providers increased their ability to offer affordable accounts and maintain competitiveness in a market where accounts with affordable features are becoming more prevalent. The core providers will discuss their experience working with community bank clients on this effort. Cities for Financial Empowerment Fund and American Bankers Association will discuss how their continued partnership has led to 200+ certified Bank On accounts to date. Event Date: April 26, 2022. Event Time: 1:00-2:30pm ET
Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her Planet Jurdy cartoons for the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
Troutman Pepper Insight: New Virginia Law Permits Banks to Provide Virtual Currency Custody Services

On April 11, Virginia enacted a new law (HB 263), which goes into effect on July 1, 2022, permitting “banks” to provide customers with “virtual currency custody services so long as the bank has adequate protocols in place to effectively manage risks and comply with applicable laws.” The law, in a first for Virginia, defines “virtual currency” as “an electronic representation of value intended to be used as a medium of exchange, unit of value, or store of value,” which “does not exist in a physical form; it is intangible and exists only on the blockchain or distributed ledger associated with a particular virtual currency.”
Wilmington University's Annual Golf Classic is BACK!
Wilmington University will be hosting the Annual Scholarship Golf Classic at Deerfield on Thursday, May 5, 2022. As a valued partner of Wilmington University, we invite you to participate by considering one of the many sponsorship opportunities we have available. We’re excited to be back on the green for 2022, and look forward to hosting an enjoyable event with game-day challenges, golfer gift packs, dinner with a silent auction, and live music. Participants will also have a chance to win a car through the Hole-in-One competition!
Every donation goes directly toward student scholarships. By sponsoring, be assured that you and your business will receive exposure from over 120 golfers, special guests, and fellow sponsors. We have enclosed an event prospectus we hope you’ll find helpful.
Thank you in advance for your generosity. If you’d like to save time, simply register online via the link below...
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com