Category: Banking and Financial Services

WSFS Bank on Thursday announced a new leadership team for its network of banking offices in Delaware and Southeastern Pennsylvania. Shari Kruzinski, a long-time employee of the bank, will lead the Bank’s five Retail Regional Managers as senior vice president and director of retail business initiatives. The other hires include: Crissy Kelly Bowden has been…

Gov. John Carney, Sens. Tom Carper and Chris Coons, and Rep. Lisa Blunt Rochester yesterday joined Sallie Mae Chairman and CEO Raymond Quinlan for the ribbon cutting of the financial company’s second Delaware office. The new office is located at 86 Christiana Road in New Castle and will host 500 jobs. The company maintains its…

(AP) — Defense attorneys in the fraud and conspiracy case against four former executives of Wilmington Trust Corporation are asking a federal judge to acquit them on all charges. In court papers filed Friday, defense attorneys say that after calling almost two dozen witnesses and presenting volumes of exhibits over four weeks, prosecutors have failed…

(AP) — Federal prosecutors have rested their case in the fraud and conspiracy case against four former executives of Wilmington Trust Corporation. Prosecutors presented their final witnesses and evidence Tuesday, four weeks after the trial began. Testimony resumes Tuesday with defense attorneys calling their first witnesses. Former bank president Robert Harra Jr., and three other…

(AP) — A federal watchdog agency is asking a Delaware bankruptcy judge to reject plans for the sale of the company confounded by disgraced film mogul Harvey Weinstein. In a court filing Tuesday, the U.S. Trustee expressed concerns about procedures proposed for the sale of the Weinstein Co.’s assets. Texas-based Lantern Capital Partners has offered…

BB&T today announced Travis Rhodes has been named president for its Delaware Valley Region, which includes BB&T Community Banking markets in Philadelphia and surrounding Pennsylvania and New Jersey counties. Rhodes, who currently serves as regional corporate banking manager in Charlotte, N.C., will assume his new role effective immediately. He will replace Scott Gamble, who will…

Angel investors offer more than money to entrepreneurs

By Jon Hurdle Special to Delaware Business Times A veteran businessman and former state official, Alan Levin puts extra time and money into helping promising startups get off the ground. He’s part of a growing class of financial backers called angel investors, who step in when friends, family and savings don’t make the cut. “There…

CSC today announced the expansion of its Global Financial Markets business in the U.S. The Delaware-based financial services agency will now offer its special purpose entity, independent director and fund administration business to the structured finance and private equity markets through its global brand. “We’re very happy to be expanding these service lines through our…

(AP) — A Delaware judge has approved the sale of TransPerfect Global, a translation services company he ordered to be sold because of “complete dysfunction” and hopeless deadlock over its management between its feuding co-founders and sole directors. The judge on Thursday approved the acquisition of the company by co-founder Philip Shawe, who agreed to…