Is Wilmington Trust the same as Wilmington Savings Fund Society?
Wilmington Trust and Wilmington Savings Fund Society (WSFS Bank) are entirely separate corporate entities and distinct financial institutions managed by different parent organizations. While both share geographical roots in Delaware and operate within the financial services sector, they serve different primary markets. Wilmington Trust focuses heavily on elite wealth management, private banking, and corporate trust services under M&T Bank, whereas Wilmington Savings Fund Society (WSFS) functions as a broader regional commercial and retail bank operating its own comprehensive branch and consumer banking network.
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Wilmington Savings Fund Society, widely known as WSFS Bank, operates as a fully functioning, legitimate FDIC-insured financial institution and banking corporation.