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Delaware and Financial Organizations

30 September 2017
Delaware and Financial Organizations

Many important financial organizations choose Delaware as their home thanks to its famous corporate law and business-friendly legislations.

Important financial organizations including special-purpose banks are choosing Delaware to take advantage of Delaware’s famous privileges.

The Delaware Financial Center Development Act in 1981 was a great encouragement for banks. Elimination of the usury law was also effective in this. After these steps, the State started to enforce extra legislations to protect the competitive advantages within the industry.

Delaware is one of the leading places when it comes to a developed financial services, insurance or banking industry. By cooperating with many global finance companies, It became an important place for financial organizations that wish to enter the U.S. market. Eventually, industry of financial organizations became an important part of Delaware’s economic power and development.

This great industry which creates incredible amount of employment chance in Delaware consists of credit card banks, commercial banks, other financial organizations, investment consultants, insurance companies, trusts and service providers. There were more than 40.000 employees within the industry in 2010.

Currently, there are 70 banks and trusts in Delaware including full-service commercial banks, credit card banks, non-deposit and limited purpose trusts, federal or state savings banks. Credit cards are also important within this industry. Bank of America, JP Morgan, Chase, Discover Bank, and Barclays Bank Delaware are some of the important names. Other important banking employers are Wilmington Trust, M&T, PNC, ING Direct, Citigroup, WSFS, Wells Fargo and HSBC.

TR Phone: +90 850 304 7002

US Phone: +1 302 526 4800

Email: info@enterprises.social

Address: Newark, Delaware.