Category: Banking and Financial Services

Millennial-centric banking app to hire 30-50 industry vets to drive growth

By Peter Osborne l DBT Editor Acorns, the company behind a simple investment application with more than 5 million account holders, will add up to 50 technology and operations jobs downtown over the next six months, expecting to find them among longtime Delaware bankers looking to return to the fast-growth days. The Irvine, California-based company’s core…

If your commercial banker works at Christiana Trust, it’s time to update your phone contact list. WSFS Bank, primary subsidiary of WSFS Financial Corporation, has placed its corporate trust and institutional services under the new name, WSFS Institutional Services. Those services have fallen under the Christiana Trust name since 1993. The change reflects a strategic shift…

Following WSFS Financial Corporation’s acquisition of Beneficial Bank, Gerard P. Cuddy, Karen Dougherty Buchholz and Michael J. Donahue have joined the WSFS Board. The three executives join the WSFS board in accordance with the acquisition agreement between WSFS and Beneficial that was completed on Friday, March 1. “One of the many advantages we immediately gain…

Citizens for a Pro Business Delaware (CPBD), the lobbying group that successfully fought to stop the break up of TransPerfect by the Court of Chancery, delivered the keynote address at the translation services company’s annual sales conference. CPBD Campaign Manager Chris Coffey spoke to upwards of 300 employees about what he calls the “existential threat” posed…

Infrastructure Investor has recognized Wilmington Trust as the “Global Corporate Trust Services Provider of the Year.” In 2018, Wilmington Trust’s project finance team worked on nearly 70 deals. The projects ranged in size from $20 million to $1.5 billion, spanning conventional power supply, renewables, midstream oil and gas, infrastructure and telecom (data center and cell…

WSFS to use savings from merger to fund tech upgrades

By Dan Linehan Contributing Writer The bank is hardly alone in its need to adapt to digital disruption, but WSFS Financial Corp. is standing out for its novel way of paying for the transition. The Wilmington-based bank has found an elegant solution to funding its technology upgrades that relies on its merger with Philadelphia-based Beneficial…