Category: Banking and Financial Services

WSFS Bank has named Anthony Ryan as the new senior vice president and director of small business. The long-time Delaware Valley banker will lead a team of 18 small business lenders across the bank’s newly expanded footprint, which includes Delaware, Philadelphia, southeastern Pennsylvania and southern New Jersey. “Anthony is the utmost dutiful banker to our…

Capital One is stepping up to fund the second phase of development at the former AstraZeneca North Campus outside Wilmington. The bank announced on May 22 that it has provided a $68 million five-year loan to Brandywine Investment Group II, an affiliate of Delle Donne & Associates that is financing the next stage of development…

The Bank of Princeton has successfully completed the acquisition of five WSFS Bank branches in New Jersey, including Bordentown, Browns Mills, Chesterfield, Deptford and Sicklerville locations. “We are very excited about the branch acquisition and view it as transformational for The Bank of Princeton, allowing for considerable opportunities to grow and improve shareholder value,” said…

WSFS Bank has announced the new management team that will oversee the bank’s expanded network of retail banking offices following its merger with Philadelphia-based Beneficial Bank. The network will now include 90 retail banking offices throughout Delaware, southern New Jersey and southeastern Pennsylvania. The combined firm plans to close 25 percent of its retail locations.…

By Alex Vuocolo You may know Fred Dawson because he helped plan your retirement. You may have also heard him jamming with his band, Club Phred, during one of the countless gigs he’s played over the years throughout Delaware. A respected financial planner for more than three decades, Dawson is also a devoted musician, author…

By Alex Vuocolo McDermott Will & Emery — which has 1,100 lawyers in 20 locations on three continents — in April opened a new office at the Nemours Building in downtown Wilmington. The expansion marks only the latest case of a large, out-of-state law firm setting up shop in Delaware to take advantage of its…

Delaware banking jobs rebound, even with muddy data

By Peter Osborne Conventional wisdom would tell you that the Delaware banking industry has taken a significant job hit thanks to mergers with out-of-state banks and recession-related downsizing. Phrases like “shedding jobs” and “layoffs” dot news stories and conversations about what’s happened to the sector over the years. Conventional wisdom would be wrong. It’s true…

Chase: 10-12 branches coming to Delaware within next five years

By Peter Osborne JP Morgan Chase says it expects to open 10-12 branches in Delaware within the next five years. “We are continuously looking for optimal branch locations but it’s too early to share any location details” including whether it will open branches downstate, said spokesperson Ashlei Bobo. She did say that Chase has committed…