Delaware

WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.

First Bank of Delaware is set to shut down by the end of the year, the result of a wide-ranging consent order issued that alleged weaknesses in the bank's monitoring of relationships in its e-payment and money services business lines, and poor compliance efforts.

WSFS Financial (WSFS) in Wilmington, Del., has been using its excess capital to open new branches, hire lenders and beef up its wealth management operations, but Chief Executive Mark Turner assured investors and analysts Friday that repaying the $53 million it received from the Troubled Asset Relief Program remains a priority.

WSFS Financial (WSFS) in Wilmington, Del., says that a discounted loan program it established late last year to help spur small-business expansion has been so well-received that the company is extending it through the end of June.

First Republic Bank in San Francisco has opened a trust company in Delaware as it looks to gain a greater market share of affluent households.

Aided by a recent acquisition and its investment in new branches, WSFS Financial Corp. in Wilmington, Del., reported a profit of $6.8 million, or 70 cents per share, in the third quarter, handily beating consensus analysts' estimates.

WSFS Financial Corp. in Wilmington, Del., said Thursday that it has created a loan program in which it will offer discounted rates to small businesses that use the funds to create jobs.

WSFS Financial Corp. in Wilmington, Del., has hired Paul D. Geraghty as its chief wealth officer.

Aiming to increase its trust assets under management, WSFS Financial Corp. in Wilmington, Del., has formed a seven-member advisory board to help it better serve existing clients and identify new ones.

Wilmington Trust Corp. said Tuesday that a majority of its shareholders approved the company's sale to M&T Bank Corp. in Buffalo, N.Y.

The Bancorp Inc. in Wilmington, Del., announced the pricing for a common stock offering designed to raise $50.3 million.

The Bancorp Inc. in Wilmington, Del., said Monday that it is trying to increase its equity by $50 million.

Wilmington Trust Corp. said Thursday that a unit has entered into a supervisory agreement with regulators requiring it to boost capital and reduce bad loans.

Maryland is trying to make a bigger name for itself with lenders pinching every penny they can, by promoting its lower taxes and better protection for directors.

Several banks rushed to repay investments under the Troubled Asset Relief Program in December, but hundreds head into the new year desperate for an exit strategy, even if it means selling.

WSFS Financial Corp. in Wilmington, Del., has announced its purchase of a bank from National Penn Bancshares Inc. in Boyertown, Pa.

Two Middle Atlantic companies are seeking to bolster their common equity.

WSFS Financial Corp. in Wilmington, Del., announced an agreement Thursday to acquire Christiana Bank & Trust Co. from National Penn Bancshares Inc. for $34.5 million.

WSFS Financial Corp. in Wilmington, Del., is preparing to raise as much as $150 million in fresh capital.

Wilmington Trust Corp. swung to a worse-than-expected first-quarter loss on still more credit deterioration at the banking and trust-services provider.