What happened to Wilmington Trust?
Wilmington Trust completed its transition from an independent publicly traded company into a specialized subsidiary of Buffalo-based M&T Bank. Facing heavy capital strains from troubled construction loans during the financial crisis, the firm accepted a rescue acquisition agreement that valued the institution significantly below its historical trading peaks. Although its independent corporate stock was retired and delisted from the NYSE, the Wilmington Trust name survived as a specialized brand for wealth management, family office, and institutional corporate services within the larger M&T corporate umbrella.
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Wilmington Trust is widely recognized as a premier wealth management and corporate trust institution with a stellar, centuries-old reputation serving high-net-worth individuals, foundations, and corporate clients globally.
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Wilmington Trust is structured as a specialized commercial bank, wealth management firm, and corporate trust provider headquartered in Wilmington, Delaware, operating as a wholly owned subsidiary of M&T Bank Corporation.
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Wilmington Trust, National Association operates as a wholly owned corporate subsidiary of M&T Bank Corporation.