Delaware

WSFS sells Bryn Mawr insurance division

Published

2 years ago

July 9, 2022

A rebranded WSFS Financial institution and Bryn Mawr Belief location is seen in Berwyn, Pa. | PHOTO COURTESY OF WSFS

WILMINGTON – About three months after absolutely integrating Byrn Mawr Belief following its acquisition, WSFS Financial institution has bought the previous financial institution’s insurance coverage division.

BMT Insurance coverage Advisors, an unbiased insurance coverage brokerage and danger administration consulting agency, was bought to Patriot Development Insurance coverage Companies, primarily based in Fort Washington, Pa. The phrases of the deal, which closed June 30, weren’t disclosed.

All the BMTIA workers have reportedly been supplied jobs at Patriot.

WSFS, the most important homegrown financial institution in Delaware, closed its deal to accumulate Bryn Mawr Belief and its associates in January for $976 million. In doing so, WSFS grew to become the sixth largest financial institution by deposits within the Philadelphia-Wilmington-Camden metropolitan space, leapfrogging its largest Delaware competitor M&T Financial institution.

It acquired the Pennsylvania-based Bryn Mawr largely so as to achieve its well-regarded wealth administration and belief division and additional increase into the larger Philadelphia space. The mixed wealth administration division created $13.3 million in earnings versus the $1.3 million derived from its insurance coverage merchandise, in response to WSFS’ first-quarter earnings report.

“We evaluated many elements when making this determination, with a precedence of sustaining high-quality service and merchandise for our purchasers, and continued alternatives for our BMTIA associates,” stated Dominic C. Canuso, government vp and chief monetary officer for WSFS, in a July 7 assertion saying the sale. “Our focus is on the long-term natural development alternatives for the financial institution, the wealth and belief enterprise, and our different strategic fee-based companies. We decided that one of the best alternative for BMTIA was with Patriot, which brings further product choices and scaled operations to the staff and is a frontrunner within the insurance coverage trade.”

Patriot is a growth-focused nationwide insurance coverage companies agency that companions with worker advantages and property and casualty companies nationwide. Its collaborative mannequin delivers assets and strategic help to its companies, whose leaders proceed to function with a excessive diploma of autonomy of their native markets.

Matt Gardner, founder and CEO of Patriot, stated he was “thrilled” with the acquisition each for its accelerated natural development path and its proficient staff.

“As a lifelong Philadelphian, I used to be already conversant in BMTIA and I’m excited for them to now have all of Patriot’s nationwide assets to offer to their purchasers. I do know this will likely be an awesome partnership,” he added.

Source link

Delaware

Delaware County man speaks out following 2 crashes within hours outside Ridley Township home

Published

8 hours ago

November 25, 2024

Press Room

Delaware County man speaks out following 2 crashes within hours outside Ridley Township home – CBS Philadelphia

Watch CBS News

Since 2014, there have been a total of 32 crashes at the intersection of Morton and Swarthmore avenues in Ridley Township, according to the Pennsylvania Department of Transportation.

Source link

Delaware

Burn Ban lifted in Delaware – 47abc

Published

16 hours ago

November 25, 2024

Press Room

DELAWARE – Delaware State Fire Marshals have announced that the statewide Burn Ban has been lifted as of Monday morning.

Residents are encouraged to continue practicing safety when burning fires outside, including keeping a fire at least 50 feet from all structures and never leaving a fire unattended.

Source link

Delaware

Delaware Lottery Play 3 Day, Play 3 Night winning numbers for Nov. 24, 2024

Published

24 hours ago

November 25, 2024

Press Room

Delaware Lottery Play 3 Day, Play 3 Night winning numbers for Nov. 24, 2024

The Delaware Lottery offers several draw games for those aiming to win big. Here’s a look at Sunday, Nov. 24, 2024 results for each game:

Winning Play 3 numbers from Nov. 24 drawing

Day: 4-9-0

Night: 1-8-8

Check Play 3 payouts and previous drawings here.

Winning Play 4 numbers from Nov. 24 drawing

Day: 2-9-0-8

Night: 5-6-2-2

Check Play 4 payouts and previous drawings here.

Winning Multi-Win Lotto numbers from Nov. 24 drawing

03-05-09-28-30-32

Check Multi-Win Lotto payouts and previous drawings here.

Winning Lucky For Life numbers from Nov. 24 drawing

07-11-14-26-48, Lucky Ball: 15

Check Lucky For Life payouts and previous drawings here.

Winning Play 5 numbers from Nov. 24 drawing

Day: 5-9-1-9-2

Night: 9-6-2-2-3

Check Play 5 payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

Sign the Ticket: Establish legal ownership by signing the back of your ticket with an ink pen.
Prizes up to $599: Claim at any Delaware Lottery Retailer, in person at the Delaware Lottery Office, or mail your signed ticket and claim form; print your name/address on the ticket’s back and keep a copy/photo for records. By mail, send original tickets and documentation to: Delaware Lottery, 1575 McKee Road, Suite 102, Dover, DE 19904.
Prizes up to $2,500: Claim in person at Delaware Lottery Retailer Claim Centers throughout Kent, Sussex and New Castle Counties.
Prizes of $5,001 or more: Claim in person at the Delaware Lottery Office (business days 8 a.m. to 4 p.m.) with a photo ID and Social Security card.
For all prize claims, directions to the Delaware Lottery Office are available online or via mapquest.com for a map.

Check previous winning numbers and payouts at Delaware Lottery.

Can I claim a jackpot prize anonymously in Delaware?

Fortunately for First State residents, the Delaware Lottery allows winners remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much, or how little, they win.

How long do I have to claim my prize in Delaware?

Tickets are valid for up to one year past the drawing date for drawing game prizes or within one year of the announced end of sales for Instant Games, according to delottery.com.

When are the Delaware Lottery drawings held?

Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
Mega Millions: 11:00 p.m. on Tuesday and Friday.
Play 3, 4: Daily at 1:58 p.m. and 7:57 p.m., except Sunday afternoon.
Multi-Win Lotto: 7:57 p.m. Monday, Wednesday, and Friday.
Lucky for Life: Daily at 10:38 p.m.
Lotto America: 11:00 p.m. Monday, Wednesday, and Saturday

Missed a draw? Peek at the past week’s winning numbers.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Delaware Online digital operations manager. You can send feedback using this form.

Source link