News Topic: Delaware

The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities. ... Read full article

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance. ... Read full article

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings. ... Read full article

The Pennsylvania company will pay $31 million for a bank with $269 million in assets. ... Read full article

The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike. ... Read full article

The company disclosed that net charge-offs will spike due to issues with loans to a health care facility and a refinery. ... Read full article

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions. ... Read full article

The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most the the closures will take place in Pennsylvania. ... Read full article

It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank. ... Read full article

The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year. ... Read full article

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial. ... Read full article

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself. ... Read full article

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

Mark Turner will retire at the end of this year. Rodger Levenson, the company's chief operating officer, will take the helm. ... Read full article

The sale includes 160,000 accounts and more than $400 million in deposits. ... Read full article

Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices. ... Read full article

Attorneys for then President Robert Harra said he is innocent and will file an appeal. The case centers on a scheme said to have been carried out during the crisis years, before the bank was sold to M&T. ... Read full article

KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan. ... Read full article