DBA Digest for April 4, 2025

Women Connect - May 1 - Wilmington!

Registration Now Open!

Registration is now open for the next Women Connect event, May 1, 8 a.m. to 1 p.m. at the Delaware Center for Horticulture, 1810 North Dupont Street, Wilmington. Featured topics include Elder Care; Women's Wellness; a Vendor Showcase; and, More! Join our sponsors; Brown Brothers Harriman Trust Company, Delaware Community Foundation, Wilmington University, and Visa U.S.A., Inc.! Register today for this exciting day of Engagement, Empowerment, and Networking!

Teach Children to Save Day is Next Week!

Be Sure to Watch the Instructional Video!

It's almost here! 2025 Teach Children to Save Day. How can you teach a class to a room full of inquisitive 4th graders? Be watching Teach Children to Save Day instructional video. Teaching Pro, Judy Austin, from the Center for Economic Education and Entrepreneurship, provides step-by-step instruction and helpful tips to make this year's lesson fun and memorable for the students and you, too! Watch the video via the link below. You can also find the lesson plan and this year's comic book there, too!

This year’s lesson is taken from the new comic book The Great Investo and Penny in The Savings Genie, and introduces the new character of The Mystical Saveroo!  Each student will receive their own copy of the comic book. The book was created specifically for the 2025 Teach Children to Save Day event and was made possible with the support of Barclays, Wells Fargo, WSFS, Bank of America, TD Bank, Artisans' Bank, Fulton Bank, M&T Bank, Sallie Mae, Smarty Pig, Visa, Comenity Bank, County Bank, First Citizens Community Bank, and Shore United Bank."

DBA 130th Annual Meeting & Dinner,

May 15th - Sponsorships Available

Time is running out to be a sponsor for the Delaware Bankers Association 130th Annual Meeting and Dinner, May 15th, at the DuPont Country Club in Wilmington. Join these prestigious sponsors: Belfint Lyons Shuman; Delaware Community Foundation; The Federal Home Loan Bank of Pittsburgh; McCollom D'Emilio Smith Uebler; Pinion; Potter Anderson Corroon; Richards Layton Finger; Santora CPA Group; Troutman Pepper Locke; Visa U.S.A., Inc.; Weiner Benefits Group; Wilmington Trust, and, Young Conaway.

Don't Miss These Upcoming OnCourse Learning Webinars!

Understanding Commercial Loan Documents - April 7th

Developed specifically for financial professionals, this program will help you gain a deeper understanding of why certain documents are required, and the significance of various sections and verbose language often referred to as “boilerplate.” You’ll review each section of required loan documents with an expert instructor who has been teaching loan documentation for more than 25 years.

Audience: This course is ideal for lenders, loan assistants, loan operations personnel, credit analysts, and personnel involved in loan review, internal audit, and compliance.

Updating BSA Risk Assessment: National Priorities and Changes - April 8th

During this program, we will look at some of the expectations for your risk assessment that will be important as you begin to adapt your risk assessment to include national priorities and the national risk assessments. Learn more as we take a look at this proposed rule and what it may mean to you in 2025.

Audience: This session is ideal for BSA officers, BSA staff, management, and compliance.

Learn more and browse all the webinars via the link below.

Glenmede Events: Philanthropy 2025 - Inspiring Actions for a Lasting Impact - April 30th

Mark R. Parthemer

Kenneth E. Spruill

Join Glenmede for a virtual discussion on the current state of philanthropy. Now, and throughout the remainder of 2025 and into 2026, it’s essential to understand the evolving trends in philanthropy and how they can influence your giving strategy. In this engaging session, Glenmede’s Mark R. Parthemer, Chief Wealth Strategist, and Kenneth E. Spruill, Jr., Director of the Center for Family Philanthropy and Wealth Education, will explore key developments in the philanthropic landscape. Wednesday, April 30, 11 a.m. EDT.

Bank of America Private Bank - Market Minute

After a positive start to last week, the S&P 500 closed Friday back near correction territory. The index shed 1.5% over the week while the technology heavy Nasdaq Composite fell 2.6%. Growth continued to lag with the Russell 1000 Value Index outperforming its growth counterpart by nearly 11% year-to-date (YTD). The yield on the 10-year U.S. Treasury flirted with 4.4% before falling 11 basis points (bps) last Friday alone after weaker-than expected economic data. In U.S. economic news, the personal consumption expenditures (PCE) price index rose 0.3% in February and 2.5% over the year. Excluding food and energy, core PCE inflation came in hotter than anticipated, up 0.4% over the month, its highest monthly reading since January 2024, and 2.8% year-over-year. The third and final estimate of real gross domestic product (GDP) growth registered at an annual rate of 2.4% in Q4 2024, revised upward from 2.3%. Meanwhile, two widely watched measures of consumer sentiment declined in March. The University of Michigan’s Consumer Sentiment Index fell from 64.7 to 57 as long-term inflation expectations rose to 4.1% or the highest level since 1993. The Conference Board’s Consumer Confidence Index similarly tumbled from 100.1 to 92.9 in March with future expectations sinking to the worst level in 12 years. S&P Global manufacturing purchasing managers’ index (PMI) dipped back below 50 in March after two months in expansionary territory, per preliminary estimates. This week, tariff-related news will be a key focus for investors in addition to March’s jobs report released on Friday.

New Ask the Fed- Sunset of the FFIEC CAT Session 2: A Discussion with the CRI - April 10, 2:00 p.m.

As the FFIEC CAT sunsets on August 31, 2025, supervised financial institutions may instead consider other resources as noted in the CAT Sunset Statement. This series will focus on industry developed resources to further support supervised financial institutions.

Please join Board of Governors Principal Cybersecurity Policy Analyst Don Peterson and Conference of State Bank Supervisors Senior Director Brad Robinson, April 10, 2 to 3 p.m., as they discuss the sunset of the FFIEC CAT and available resources with Josh Magri from the CRI. CRI will provide an overview of the Cyber Profile while answering your questions.

Registration is open now at www.askthefed.org. As always, we want your questions. You can email your questions in advance of each session at questions@askthefed.org. Questions received in by April 4th will receive priority. This session is only open to financial institutions.

Wilmington University Scholarship Golf Classic on Thursday, May 8, 2025

We are thrilled to invite you to Wilmington University’s annual Scholarship Golf Classic on Thursday, May 8, 2025, at Deerfield in Newark, Delaware. 

This memorable event brings our community together for fun, refreshments, golf gifts, raffles, and camaraderie – all while raising funds for student scholarships. If golf isn’t your sport, you can join us for the evening dinner celebration, which includes complimentary wine, live music, and a silent auction.