DBA Digest for October 6, 2023

It's Almost Here!

2023 Delaware Trust Conference

In-Person! Live-Stream! On-Demand!

There's still time to register for the 2023 Delaware Trust Conference. For your convenience the Conference will be live at The Chase Center on the Riverfront, AND live-streaming, on October 17 & 18, AND on-demand through November! See the agenda via the link below and register today!

Climb Aboard the Kalmar Nyckel for a Special Monday Evening Reception October 16th!

There's are still a few spots left for the 2023 Delaware Trust Conference kick-off reception on Delaware's tall ship, the Kalmar Nyckel. Be there, Monday, October 16, 4 to 6 p.m. Tickets to this exclusive reception event are just $150. Platinum and Diamond Sponsors receive two free registrations to the reception with their sponsorships. Space is limited! Contact Corinne Stayton to reserve your spot today!

Women Connect - November 2nd - 9:00 to 4:30

University & Whist Club, Wilmington

Don't miss the next Women Connect event, Thursday, November 2, 9:00 a.m. to 4:30 p.m., at the University & Whist Club in Wilmington. Topics include: “The Return to Work” Post-Pandemic Challenges and Silver Linings; The 6 Pillars of Self Care, Building Self Care into Your Life; and Emotional Intelligence. There will also be plenty of networking opportunities. Only $149 for the full-day pass ($99 for a half-day pass). Register today for this exciting day of Engagement, Empowerment, and Networking!

Business Writing Workshop

November 1, 2023, 9:00 am - 4:00 pm

Time equals money in the work world, so creating clear documents quickly that can be understood easily is crucial. Join Linda Comerford, Comerford Consulting for this rewarding on-line course via Zoom, Just $199 per person for DBA members! ($249 for non-members)

Workshop Objectives: After attending this course, participants will benefit from an increased ability to:

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

Taking the Grr out of Grammar

November 8, 2023, 9:00 am - 12:30 pm

Surveys show that 80% of those in the business world tend to say, “Grr!” a lot when editing a document. Join Linda Comerford, Comerford Consulting for this valuable on-line course. Just $99 per person for DBA members! ($149 for non-members)

Workshop Objectives:  This half-day course helps participants do the following when writing and editing:  

• Analyze why correct documents are so important;
• Identify the errors that tarnish a writer’s image;
• Learn practical, current grammar and punctuation rules;
• Practice correcting grammar glitches and punctuation pitfalls; and,
• Demonstrate understanding of the rules through a pre- and post-quiz.

Tom Mears of Shore United Bank Promoted to Regional President of Coastal Region

Shore United Bank is pleased to announce the promotion of Tom Mears as our Regional President in the Coastal region, serving the coastal areas of Delaware and Maryland. Tom’s impressive background in banking, personal accomplishments and dedication to his team and community gives no surprise as to how he earned this role within the Bank.

He joined Shore United Bank after spending a large portion of his career at Mercantile Bank. “In my prior Banking career, which now spans over 33+ years, I've been everything from teller to CEO,” said Tom on his prior banking experience.

In addition to his experience in banking, Tom’s expertise began from a solid educational foundation. “I am a 1988 graduate of Virginia Polytechnic Institute and State University (Virginia Tech). I’ve gone to University of Maryland Banking School, University of Oklahoma Commercial Lending School and graduated from Leadership Maryland – class of 2013,” he explained.

Opportunity LIVES Here Symposium - Nov. 1

Inspired by the philosophy that “prosperity is something everyone can realize,” State Senator Darius Brown launched this initiative in partnership with the Riverfront Development Corporation of Delaware and the Delaware River and Bay Authority. Opportunity LIVES Here promises to transform the Three Rivers area – defined by the confluence of the Brandywine, Christina, and Delaware Rivers – into an economically, culturally, and thriving community. The agenda includes; Building an Economic Ecosystem, Investing in Our Neighborhoods, Access to Capital, and When Opportunity Presents Itself.

Opportunity LIVES Here Symposium, Wednesday, November 1, 9 a.m. – 12 p.m.

Chase Center on the Riverfront, Wilmington.

Bank of America Private Bank Market Minute

While the U.S. Equity Indexes are still higher for the year, the S&P 500, Nasdaq, and Dow Jones Industrial Average (Dow) posted losses for Q3 of 2023. The S&P 500 Index closed the month down 4.9% while the Dow and Nasdaq Composite dropped 3.5% and 5.8%, respectively, over September. At last Friday's close, the S&P 500 was down almost 7% from its July 31 peak. As for the 11 major S&P 500 sectors, Utilities lost the most ground by shedding 10% in September while, on the other hand, Energy stocks gained 11%. The yield on the benchmark 10-year U.S. Treasury note traveled above 4.6% last Wednesday—it’s highest since 2007—before ticking lower at the end of last week. U.S. inflation data showed that for August, the Personal Consumption Expenditure (PCE) price index rose 0.4% in August versus 0.2% in June. Its core counterpart (excludes food and energy)—and the Federal Reserve’s (Fed) preferred inflation measure—increased only 0.1% for the month. Housing and gasoline were large contributors to the increase in PCE. Across the Atlantic, Eurozone inflation slowed sharply in September as headline consumer inflation slowed to 4.3% year-over-year (YoY) and the core consumer price index (CPI) slowed to 4.5% YoY. A last-minute bipartisan deal on short-term funding was reached Saturday night, avoiding a government shutdown and kept the government funded until at least November 17. All eyes will be on how markets digest the weekend move, as well as the August jobs report due on Friday.

12th Annual Financial Institutions and Law Enforcement Cybersecurity Conference

October 12, 2023 | 9:00 a.m.-4:30 p.m.

The Federal Reserve Bank of Philadelphia invites you to attend “Emerging Threats and Technology” on Thursday, October 12, from 9:00 a.m. to 4:30 p.m. Increase your understanding of security threats and new developments in the tech world through a day of virtual learning and discussion. 

At the 12th Annual Financial Institutions and Law Enforcement Cybersecurity Conference, you’ll learn the latest information to help keep your institution safe from cyberthreats. Session topics include: trends in fraud; crime and law enforcement issues for banks; identifying risks when outsourcing to third party vendors; free tools from the federal government to remediate commonly found vulnerabilities; and, artificial intelligence.

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.

Webinar: The U.S. Supreme Court’s Decision in CFSA v. CFPB: Who Will Win and What Does It Mean?

Tuesday, October 17, 2023 | 2:00 - 3:30 PM ET

October 3, the U.S. Supreme Court held oral argument in Community Financial Services Association of America Ltd. v. Consumer Financial Protection Bureau, a case with profound potential implications for the future of the CFPB. At issue is whether the CFPB’s funding mechanism violates the U.S. Constitution’s Appropriations Clause and, if so, what the appropriate remedy should be. Both sides were subjected to intense questioning during the oral argument, with all of the Justices asking questions.

Our exclusive roundtable brings together six attorneys who filed amicus briefs with the Supreme Court. They will share their reactions to the oral argument, important insights into the thinking of the nine Justices, predictions for how and when the Court will rule, and potential implications for the CFPB, the industry, and consumers.

If the CFPB has regulatory, supervisory or enforcement authority over your bank, credit union, or company, you won’t want to miss this special event. Space is limited.