September 22, 2014 10:38 AM ET

Banks

Company Overview of First Bank of Delaware

Company Overview

First Bank of Delaware operates as a full-service, state-chartered bank, providing a range of commercial and consumer banking services to individuals, small and medium–sized business, executives, professionals, and professional organizations in Delaware and the surrounding states. Its deposit products include checking accounts, interest bearing demand accounts, money market accounts, certificates of deposits, savings accounts, lockbox services, and individual retirement accounts. The company’s loan portfolio comprises secured and unsecured commercial loans, including commercial real estate loans, loans secured by one-to-four family residential property, commercial construction, owner occupie...

1000 Rocky Run Parkway

Wilmington, DE 19803

United States

Founded in 1999

Phone:

302-529-5984

Fax:

302-529-5987

Key Executives for First Bank of Delaware

First Bank of Delaware does not have any Key Executives recorded.

First Bank of Delaware Key Developments

Federal Deposit Insurance Corporation Charges USD 15 Million Fine Against First Bank of Delaware

First Bank of Delaware lost its charter to operate and was hit with a USD 15 million fine for not implementing an effective anti-money laundering compliance program or building internal controls to report suspicious activity. The charges were brought against the bank by Federal Deposit Insurance Corporation (FDIC) and the treasury department's Financial Crime Enforcement Network (Fincem). The Justice Department has also filed charges of violations of Financial Institutions Reform, Recovery and Enforcement Act against the Delaware bank. It was accused of originating withdrawals on behalf of fraudulent merchants, leading to a diversion of consumers' funds from their accounts.

First Bank of Delaware To Be Deleted From OTCBB

First Bank of Delaware’s common stock will be deleted from OTC Bulletin Board (OTCBB) effective November 20, 2012, on account of dissolution of issuer effective November 16, 2012. Pursuant to liquidating trust plan, on and after the Effective Date, all outstanding shares of common stock of the Bank shall automatically be deemed cancelled.

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