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The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.
June 18 -
The supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.
December 11 -
The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.
November 13 -
The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.
October 25 -
The Pennsylvania company will pay $31 million for a bank with $269 million in assets.
September 19 -
Ron Baron had been serving as interim president and CEO for the Delaware-based institution before being given the job permanently.
August 9 -
The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.
July 30 -
Dion Williams, former CEO of Del-One Credit Union, is returning to his native North Carolina to take over for Judy Tharp, who recently retired.
May 28 -
The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.
April 24 -
The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.
December 13