Category: Banking and Financial Services

Friess Associates, the Greenville company that launched the popular Brandywine Fund in 1985, is launching the Friess Small Cap Growth Fund. It is the first time Friess has made its small-cap services widely available. Previously, only institutions and high-net-worth individuals could access the firm’s small-cap services due to high investment minimums. The new Friess Small…

HSBC Bank USA yesterday announced the closure of its New Castle County center by 2018. The branch employed about 450 employees. Some staff will work remotely from the financial services company’s Wilmington office, but about 400 jobs will move out of Delaware. The news leaked following an internal meeting around 10:00 a.m. yesterday. The company…

Gov. John Carney joined legislators this week in announcing a bill designed to spur investment in startups and small businesses. The Angel Investor Job Creation and Innovation Act would create a refundable tax credit for angel investors. “This legislation would encourage investments in innovative, Delaware-based small businesses and connect our most talented entrepreneurs with the…

DuPoint and The Dow Chemical Company have announced the members of the combined board of directors for the new company resulting from their merger. The 16-member board will consist of eight current members of the Dow board and eight current members of the DuPont board. Dow: Andrew N. Liveris, Chairman and CEO, The Dow Chemical…

EDis Company announced today the upcoming groundbreaking of the Back of America Greenville Financial Center on the corner of Route 41 and Centerville Road. Bank of America will occupy two-thirds of the 60,000-square-feet office building. The rest will be rented out to other companies. “This is undoubtedly the best corner in the county and we are…

Henry H. Beckler, 86, of Greenville, passed away Tuesday, May 9. A former Chase Manhattan banker, Beckler was instrumental in bringing credit card banking to Delaware. He joined the Bank of Delaware in the late 1970s, where he became invested in making the state a financial capital. “As Henry followed what South Dakota was doing in…

Top real estate deals of this quarter

A cement plant, an iconic hotel, a corporate headquarters, two suburban hotels, a historic bank building and a city shopping center were among the million-dollar properties that changed hands in the first months of 2017, according to CBRE Research. The high-dollar sales reflect deals that started in the third and fourth quarters of 2016, traditionally…

All three major rating agencies, Moody’s Investors Service, Fitch Ratings, and S&P Global Ratings, gave New Castle County triple-A credit ratings. “New Castle County’s superior credit rating reflects the strength of our local economy and steps we are taking to be responsible stewards of taxpayer funds,” County Executive Matthew Meyer said in a press release.…