WSFS Bank branch in Wyoming to close in December

1025 at 2 columns by .

WYOMING — Customers of the WSFS Bank in Wyoming received a surprise when they got a letter dated Nov. 1. The letter informed them that the long-time bank’s Wyoming branch will be closing for good on Dec. 28. The letter, signed by Shelly R. Kavanagh, vice president and regional manager for WSFS, stated: “We want […]

LETTER TO THE EDITOR: Demand responsibility in Wells Fargo scandal

In light of the recent appalling and insulting practices imposed on consumers from Wells Fargo, it’s time to demand action. Given the recent news of the Consumer Financial Protection Bureau $100 million fine assessed to the Wells Fargo Bank for widespread unlawful sales practices, it’s time to demand answers. More than 5,300 bank employees have […]

Man sentenced in Wilmington Trust fraud gets prison reprieve

DOVER — A federal judge has delayed the start of the prison sentence for a Dover businessman who pleaded guilty to conspiracy in an ongoing criminal investigation of the lending practices of the failed Wilmington Trust bank. The judge on Tuesday ordered 52-year-old Salvatore Leone to report to prison on Jan. 4. Leone initially was […]

Kent County Levy Court chooses bank for rec center construction loan

DOVER – After issuing a request for proposal to eight banks in February, Kent County is now one step closer to financing the new recreation center. Five banks submitted proposals for the $5 million loan sought for the $10 million recreation center. After evaluating the submissions, Susan Durham, the county’s finance director, recommended obtaining a […]

JPMorgan Chase to add 1,800 Del. jobs

WILMINGTON — JPMorgan Chase and Co. plans to add 1,800 jobs in Delaware by 2019. Company and state officials said Monday the new hires will bring JPMorgan’s Delaware workforce to almost 10,000 employees, spurring the state’s total financial-sector employment to its highest level ever. The new employees will work primarily in technology, finance, asset management […]

Dover businessman sentenced in Wilmington Trust fraud case

WILMINGTON — Dover businessman Salvatore Leone was sentenced Tuesday to a year and a day in federal prison after pleading guilty to conspiracy in an ongoing criminal investigation of the lending practices of the failed Wilmington Trust bank. Leone, 52, apologized for the pain and embarrassment he inflicted on his family through his “stupidity and […]

Former Wilmington Trust president, three others indicted

WILMINGTON — The U.S. Attorney’s Office, District of Delaware, announced indictments Wednesday against four men for their roles in concealing from the Federal Reserve, the Securities and Exchange Commission and investors the amount of past due loans on Wilmington Trust’s books from October 2009 until November 2010.

The 19-count superseding indictment also charges Robert V.A. Harra, 66, of Wilmington, David Gibson, 58, of Wilmington, William North, 55 of Bryn Mawr, Pennsylvania, and Kevyn Rakowski, 61, of Lakewood Ranch, Florida, with making false statements in securities filings and to agencies of the United States government.