FDIC to First Bank of Delaware, CEASE & DESIST

Since you are an "insider" what were the regulations that they were breaking? If they were shut down, where is the advisory from the FDIC?

Curious:

As an "Insider", it was the same regulations that they were breaking with their installment loan and credit card products that never went published by the FDIC as the Bank "discontinued" the products based upon the decision that forthcoming from the FDIC. If you are aware of the process, when the regulators were in, reports were issued, and the Bank had a time period to correct all noted issues, however the Bank did not, and instead of bearing the humiliation (if you knew Mr. Primus the CEO and Mr. Madonna, the Board Chairman you would know they would rather take the easy way out) of accepting the FDIC's recommendation of shutting the products down, the Board and Senior Management's response to the report was that the Bank would terminate the products installment loans effectve 12/31 and more recently their ACH/RCC products.

But I guess you know that every "product" ......"shut down" doesn't necessarily mean an advisory is posted when the Bank takes action to discontinue the line of busness before the FDIC decision is rendered upon coming back and verifying responses and the final report is issued.

If you want to do further homework on me being an insider, why not call not Bank and ask them where their Chief Operating Officer and ACH/RCC Product Manager are, and why they are where they are right now.

Kenneth: The First Bank of Delaware is chartered out of Delaware, where they have 2 branches in DE, but the corporate offices are located in center city , PA

(for Curious .....that's ........50 s. 16th street, 24th floor along with Metro Bank and Republic First Bank - their original sister Bank) While your there, stop by the Residences and gaze at teh stars that live there or grab a bite to eat at Mr. Primus' favorite fast food .....Chic-Fil-A in the mall.

But who am I, am no insider.