News Briefs

May 21, 2013
Cape school board meets May 23

The Cape Henlopen school board will meet at 7 p.m., Thurs­day, May 23, in the cafeteria of Mariner Middle School. There will be a presentation on the Common Core Standards and discussion of the proposed plan for new elementary schools.

Milton planners set to meet May 21

The Milton Planning & Zon­ing Commission will meet at 6:30 p.m., Tuesday, May 21, at the Milton Public Library. Fern­moor Homes is requesting the final subdivision review and approval of Phase 3 of Heri­tage Creek. Fernmoor is also seeking preliminary subdivision approval for Phase 4 of the same development. For details call 302-684-4110.

Memorial Day celebration set

The traditional Sussex County Memorial Day Service will be held on The Circle in George­town, Sunday, May 26, at 1:30 p.m. Cosponsors are the Georgetown Kiwanis Club and the Korean War Veterans Association.

The keynote speech, “Your Coast Guard in Action Today” will be delivered by Coast­guardsman Petty Officer Michael Logue, stationed in Rehoboth Beach, at the Indian River Inlet.

Master of ceremonies will be Joseph Booth. Colors will be presented by the Sussex Central High School Junior Army ROTC. Invocation and benediction will be offered by the Rev. Christo­pher Cordrey of Bethesda United Methodist Church, Georgetown. Soloist Cathy Gorman will sing the national anthem and lead attendees in singing “God Bless America.” Memorial wreaths will be placed by local veterans’ groups and service organizations in tribute to those who died in the World Wars, Korea, Viet­nam, and the recent conflicts to protect U.S. freedoms. Assisting will be members of Troop 95, Boy Scouts of America. A rifle salute will be executed by the Korean War Veterans Associa­tion. “Taps” and its echo will be performed by Maria Menard and Sarah Lynch of Sussex Techni­cal High School. Some seating is provided on The Circle. At­tendees are encouraged to bring comfortable folding chairs.

Wilmington Trust officer pleads guilty

Charles M. Oberly, U.S. attor­ney for the District of Delaware, announced May 8 that Joseph Terranova pleaded guilty to con­spiracy to commit bank fraud before Judge Gregory M. Sleet. According to the plea agree­ment, Terranova, who was vice president of the Delaware Com­mercial Real Estate Division of Wilmington Trust Company, conspired to extend credit to cus­tomers of the bank under terms inconsistent with those approved by the bank’s loan committee, or under terms that would not have been approved had they been presented to the loan com­mittee.

Some of the loans were extended to Dover real estate developer Michael Zimmerman, who has been charged in a sepa­rate indictment. According to the U.S. Attorney’s Office, Terranova further conspired to conceal the true financial condition of the bank, in part by extending new loans to clients to enable these clients to keep existing loans cur­rent and by causing the bank to misrepresent its reporting of past due and nonperforming loans. Terranova faces a maximum pen­alty of five years’ imprisonment and a $250,000 fine.

Welcome to The Cape Gazette Archive.
This content is provided free of charge
thanks to our sponsor:

Close ad in...

Close Ad