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Business Briefs May 2019

May 15, 2019

WSFS names southern Delaware regional manager

WSFS Bank, the primary subsidiary of WSFS Financial Corp., has announced its retail regional management team that will oversee the bank’s larger network of retail banking offices as a result of its recent combination with Philadelphia-based Beneficial Bank. Shelly Kavanagh has been promoted to senior vice president and regional manager of southern Delaware. She will continue to develop relationships with key constituents throughout the region and oversee 13 banking offices in Kent and Sussex counties. Kavanagh joined WSFS in 2012 as a small business relationship manager. Prior to her current leadership role, she successfully augmented the bank’s retail sales process as a vice president and retail program manager. Her banking career began in 2006 with BB&T in Washington, D.C., and she has extensive experience in retail banking and small business lending. Kavanagh is a board member of the Delaware Small Business Chamber and an active volunteer for several nonprofit organizations in Sussex County.

Delaware Business Leaders Hall of Fame inductees named

The Leadership Council of Junior Achievement of Delaware announced the 2019 Slate of Delaware Business Leaders Hall of Fame inductees, who will be honored at ceremonies Wednesday, Oct. 2, Wilmington Country Club.

2019 inductees are: former PNC Bank Delaware Chairman, President and CEO Calvert A. Morgan Jr; entrepreneurs Sam and Mariah Calagione of Dogfish Head Brewery fame; and media pioneer Thomas Henry Draper, who will be honored posthumously.

The festivities will also mark the global Centennial of Junior Achievement.

Rob Eppes, Junior Achievement of Delaware president, said,  “When an organization gets to be 100 years old, you take some time to be nostalgic, to revisit memorabilia, to celebrate the adversity overcome and the shared successes. At the same time, you have a keen focus and an informed eye to the future.” 

Eppes said, “This year’s Hall of Fame laureates allow us to look back a few decades into Delaware’s storied corporate past, and to look toward our necessary entrepreneurial future. Their stories range from those of today’s current pioneers creating their own pop-culture phenomenon, to an icon who is now an untimely part of Delaware history.”

Vantage Point Retirement Living announces growing team

Vantage Point Retirement Living has welcomed Dave Bolton, regional director of operations, and Jim Hellier, associate director of community relations, to the Vantage Point family.

Both Bolton and Hellier bring decades of experience and dedication to their roles. Vantage Point is the owner/operator of the Lodge at Truitt Homestead and the Lodge at Historic Lewes in Sussex County as well as Meadowcrest at Middletown in New Castle County.

Regional and family-owned, Vantage Point was born out of a passion and enthusiasm for creating lifestyle communities that give area seniors the most extraordinary retirement living experience possible with the full continuum of care at their fingertips. Both Bolton and Hellier embody this passion with an authentic commitment to seniors that is rare to find.

When they open this year and next, the three vibrant communities will be the only monthly-rental independent living retirement communities in the area. With luxury, spacious apartments, each community offers the definition of financial flexibility with no large buy-in fees, no complicated contracts, and security for the future with the development of a benevolent fund, as well as priority access to the full continuum of care. Seniors keep the assets they've worked for their whole lives. Apartments are monthly rentals.

State Farm cuts auto insurance rates in Delaware

For the second year in a row, State Farm will cut its auto rates in Delaware. As a result, the overall personal auto rate will drop by 5.1 percent. Statewide, customers of the state's largest insurer will realize total savings of approximately $9.3 million. The effective date for new and renewal business is May 13. The last rate change in Delaware was a decrease of 3.0 percent in July 2018. Combined, the two auto rate decreases will save Delaware customers $15 million.

“State Farm is very pleased to be able to offer another auto rate decrease in Delaware,” said Chris Schell, State Farm senior vice president. “Improving expenses and losses were important factors, among many, that supported our decision to make this rate change." 

Overall changes in premiums for individual motorists will vary. Rates depend on a customer’s policy and chosen coverage. Customers can contact their local State Farm agent to discuss their individual situation. Additional opportunities for discounts may apply. A rate decrease combined with discounts offers exceptional long-term value to State Farm customers. For more information, go to www.statefarm.com.

Free hot coffee for Royal Farms rewards members May 27

All Registered Rofo Rewards members will receive an any size free hot coffee, available all day, Monday, May 27, to honor veterans and active-duty military. Royal Farms is also encouraging Rofo Rewards members to download their updated app, available on the App Store or on Google Play. The updated app features enhancements in location services and gives users 400 free points on their birthday, enough to redeem a free chicken meal. Members also can save 25 cents per gallon for the first 30 days and 10 cents per gallon after that when they upgrade their Rofo Rewards card to Rofo Pay. To register without a  smartphone, go to www.royalfarms.com.

Edward Jones highest in investor satisfaction

Financial services firm Edward Jones ranks highest in investor satisfaction with full-service brokerage firms, according to the J.D. Power 2019 U.S. Full Service Investor Satisfaction Study, the firm recently announced.

The study measures overall investor satisfaction with 18 full-service investment firms based on eight factors, including financial advisor, account information, investment performance, firm interaction, product offerings, commissions and fees, information resources and problem resolution. The firm scored 853 in overall satisfaction, 18 points above the industry average.

"What a great honor it is to be recognized for what matters most, which is making a difference in the lives of our clients," said Edward Jones Managing Partner Janet Maher. "We illustrate the value of the Edward Jones client experience every day and help our clients achieve financially what is most important to them.”

Edward Jones was ranked highest in investor satisfaction by J.D. Power in 2015 (tied), 2012, 2010, 2009, 2007-05, and in a tie in 2002, when the study began.

Janet Maher's office is at 28322 Lewes-Georgetown Highway, Milton.

For more information, call 302-684-5946 or go to www.edwardjones.com/janet-maher.

Applebee’s raises funds for charities

The Rose Group, a leading franchisee of Applebee’s Neighborhood Grill & Bar restaurants, announced that it raised $14.5 million for various charities throughout Delaware, Maryland Pennsylvania and New Jersey since 2010.

Of that amount, Its five Applebee’s locations along the eastern shore of Delaware and Maryland raised a combined total of $894,000 through fundraisers for a variety of nonprofits.

“Fundraising and charitable giving have always been a cultural staple at The Rose Group,” said Jeff Warden, president and CEO. “At our core, we are a company focused on community engagement. We find there is no better way to get to know and engage with our neighbors than bringing everyone together for a good cause. We are incredibly impressed and humbled by the vigor that our local stores as well as each of our individual employees have put into fundraising efforts since 2010. It speaks to their character, and we are proud to have them as part of our team.”