2023 Teach Children to Save Day Poster Winners! | |
Riley Grosser, a third grader at North Star Elementary School, was chosen as the winner of the 2023 Teach Children to Save Day Poster Contest. Students throughout the State were encouraged to create a poster on the importance of saving as part of the annual Teach Children to Save Day event. Over 100 entries were received. Riley received $100 as the first-place winner. Two runners-up, Joseph Bradshaw, a fourth grader at Lewes Elementary, and Hillary Shen, a third grader, also from North Star Elementary, both received $50 prizes. Congratulations to all the winners! See Riley's poster, "A Penny Saved is a Future Earned," above. | |
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Save the Date - 2023 Delaware Trust Conference
October 17th & 18th
Sponsorships Available!
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Sponsorships and Exhibitor Spaces are now available for the 2023 Delaware Trust Conference. Join Platinum Sponsor: The Bryn Mawr Trust Company of Delaware (a WSFS Company); Diamond Sponsors: Connolly Gallager; Gordon, Fournaris & Mammarella; and McCollom D'Emilio Smith Uebler.
The 2023 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, on October 17 & 18, AND on-demand through November! Full agenda and early-bird registration coming soon!
See all the sponsorship benefits and download the Exhibitor's Book on the conference webpage.
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Fulton Bank Launches Diverse
Business Banking Program
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Fulton Bank, a subsidiary of Fulton Financial Corporation, has launched a Diverse Business Banking program designed to meet the unique needs of minority, women, veteran and LGBTQ business owners.
“This program advances our purpose to change lives for the better,” said Fulton Financial Chairman, President and CEO Curtis J. Myers. “We are committed to making financing and banking products more accessible to groups that, historically, have been underserved.”
The cornerstone of the program is Fulton Bank’s Diverse Business Advocates, bankers who have earned a special certification and can provide one-on-one mentorship, educational resources, and custom solutions to meet the needs of diverse business owners.
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Bank of America Private Bank Market Minute | |
U.S. Equities ended higher last week while notching sizable daily gains last Friday. The S&P 500 touched its highest level since mid-August 2022 and ended 1.8% higher on the week, while the Nasdaq Composite rose 2.0% notching its sixth straight weekly gain. The President approved legislation that suspends the debt ceiling until 2025, ending a political standoff and avoiding a default on the federal debt. As for economic data, the Institute for Supply Management (ISM) manufacturing Purchasing Managers’ Index (PMI) slipped to 46.9 in May, down slightly from April’s reading of 47, although notching a seventh straight monthly contractionary reading (a reading below 50 indicates contraction). However, manufacturers reported the most widespread net decline in prices paid since July 2022. Following a 10.1 million Job Openings and Labor Turnover Survey (JOLTS) last week, U.S. payroll employment rose 339,000 month/month in May, with upward revisions to prior months. In contrast, the household survey showed the unemployment rate rose to 3.7% from 3.4%. Market odds for a June hike more than halved from the week prior to around 25%, according to CME Group. A resilient labor markets continues to complicate the hike versus a pause decision for the Federal Open Market Committee’s (FOMC) policy meeting next week. This week’s economic releases include ISM Services PMI and the Fed’s Consumer Credit release. Later in the week, the Fed releases the Q1 Financial Accounts of the U.S. detailing the net worth of U.S. households. | |
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. | |
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Chambers USA 2023 Ranks Connolly Gallagher in Three Delaware Practices
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“Unique Expertise. Unparalleled Experience. Unequaled Credibility.”
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Richards, Layton & Finger is “universally regarded as a top-tier firm in Delaware” (The Legal 500). The firm is highly ranked in two categories in The Legal 500’s 2023 national rankings: tier 1 in M&A Delaware Counsel and tier 2 in M&A Litigation: Defense.
In M&A Litigation, firm director Gregory Williams is again named in the prestigious Hall of Fame category, Rudolf Koch and Blake Rohrbacher are ranked as Leading Lawyers, and Robert Burns, Kevin Gallagher, and Matthew Perri are recognized as key lawyers. Srinivas Raju is a Leading Lawyer in the Delaware Counsel practice area, with Paul Altman, Doneene Damon, Mark Gentile, and John Mark Zeberkiewicz named as key lawyers.
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The Legal 500 US Ranks Morris Nichols Among Leading M&A Law Firms
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The Legal 500 United States today released its 2023 edition, again ranking Morris Nichols in its guide of premier US law firms.
“Hailed as ‘one of the top firms in Delaware, whose name everyone knows,’” sources tell Legal 500 editors that the firm offers “an ‘unparalleled knowledge of Delaware law’.” “They also know the landscape and the courts inside and out.”
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Richards, Layton & Finger and Three Firm Directors Named in Managing Intellectual Property’s IP Stars
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Managing Intellectual Property’s 2023 edition of IP Stars ranks Richards, Layton & Finger as Highly Recommended—the guide’s highest firm ranking—and recognizes firm directors Fred Cottrell and Kelly Farnan as Patent Stars. In addition, Jason Rawnsley has been named a Rising Star.
Richards Layton has one of the most active and respected intellectual property litigation practices in Delaware. We are nationally recognized for tackling difficult, large-scale IP matters in the Delaware District Court, one of the leading venues for IP litigation in the United States, as well as in the Delaware Court of Chancery and Superior Court.
A leading force in Delaware’s IP bar, Fred Cottrell is the chair of Richards Layton’s Litigation Department. He handles significant IP litigation in Delaware’s state and federal courts, regularly representing industry giants in complex patent disputes. Fred’s practice encompasses several other areas of litigation, including antitrust, products liability, and commercial law.
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The Payments Pros Podcast: | |
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Troutman Pepper's Payments Pros podcast offers insights from Troutman Pepper Fintech and Payment practice group attorneys, industry business leaders, and regulatory experts on the most challenging legal and regulatory concerns confronted by participants in the payments industry — including everything from BSA to EFTs, fintech to regtech, licensure to lending, Nacha to the CFPB, and payment processing to debt collecting. Our attorneys, industry experts, and regulatory insiders walk you through the federal and state regulatory, legal, and business intricacies of the highly complex payments industry.
In our first episode, Troutman Pepper attorneys Keith Barnett and Carlin McCrory welcome Nacha Senior Director of Network Risk Management Jordan Bennett to discuss Nacha's recent request for information (RFI) and request for comment (RFC) regarding ACH risk management.
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Cinnaire Closes $151 Million in Committed Capital for Equity Fund
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Cinnaire announced today the closing of the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor Low-Income Housing Tax Credit fund. The fund will support the creation of 1,464 affordable homes across 14 new construction and rehabilitation projects in five Midwest states. Fund 39 is the first of four multi-investor funds planned by Cinnaire this year.
Fund 39 investors include major national and regional banks, 93% of which are repeat investors with Cinnaire. The fund will focus on 14 properties in Illinois, Indiana, Michigan, Wisconsin and Minnesota. The properties supported by the fund will include 2,628 bedrooms and serve an estimated 3,367 low- income residents with safe, affordable housing.
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