Category: Banking and Financial Services

Year Up graduates reflect on a challenging year

We introduced you to five members of the Year Up program in April, asking them first about their expectations and fears entering the program and then, a few months later, checking in to see how things were going in a program that started with classes at Wilmington University; workshops on personal development and soft skills…

Year Up students on cusp of completing “life-changing” experience

This is the final installment in a series of stories we’ve written following five participants in the Year Up program.  Just over a year ago, Ronald Shackelford Jr. and his fianceé Taylor Brown were treading water. Ronald was recovering from a seizure at the Philadelphia Airport and working odd jobs. Taylor had been bouncing between…

Wawa: Payment security breach lasted for months

WAWA, Pa. – A months-long data security breach of potentially every location of Wawa, the popular gas station and convenience store chain, has affected credit card information for customers, officials announced Dec. 19. Wawa has more than 40 locations in Delaware and potentially all of the company’s 850 locations could have been affected, officials said.…

New Del. partnerships aim to diversify fintech

WILMINGTON – Two new partnerships aim to engage Delaware’s middle school-age girls in learning about technology and also assist minority entrepreneurs, which could help diversify the sector’s future workforce. First State Fintech Lab (FSFL), a Wilmington-based nonprofit dedicated to growing the financial technology sector in Delaware, and TechGirlz, a Philadelphia-based nonprofit that aims to engage…

Tidemark FCU opens two new branches

SEAFORD – Tidemark Federal Credit Union opened two new branches in Selbyville and Long Neck this past summer, growing the Sussex County-based financial institution. The Long Neck branch, located at 24940 John J. Williams Highway, and the Selbyville branch, located at 36445 Lighthouse Road, are the fifth and sixth branches for the Seaford-based credit union…

Meyer rejects DBOT stock-swap in reversal

WILMINGTON – New Castle County Executive Matt Meyer will not sign off on a plan to swap the county’s collateral in the Delaware Board of Trade (DBOT) investment for stock in the company’s new owner after initially backing the plan. Meyer’s administration sought to sign the deal in November, and the New Castle County Council…

Bank of America donates $500K to ChristianaCare cancer fund

CHRISTIANA – Bank of America announced Wednesday, Nov. 20, that it was donating $500,000 to the Endowed Fund for Translational Cancer Research at ChristianaCare’s Helen F. Graham Cancer Center & Research Institute. The $10 million fund benefits communities throughout Delaware and around the country by supporting biomedical research for new breast, ovarian, lung and colorectal…

MidCoast Community Bancorp finds a buyer in Citizens Financial

WILMINGTON – MidCoast Community Bancorp has agreed to be acquired by Mansfield, Pennsylvania-based Citizens Financial Services for an estimated $31 million less than five years after CEO Eric Hoerner took over the reins following what one of its board members called “a harsh turn of events.” As of June 30, 2019, MidCoast had $268 million…

Delaware State Treasurer Colleen C. Davis on Nov. 4 attended the iconic Closing Bell ceremony at the NASDAQ Stock Exchange. The event celebrated Delaware’s contributions to the global economy. “Delaware’s unique economic environment was on display to an international audience at the stock exchange on Monday,” said Davis. “The collaboration between various industries, nonprofits, and governments…