Wilmington Trust is one of the 10 largest US agencies based on fiduciary assets. The Wilmington Trust is currently an international provider of corporate and institutional services, investment management, and private banking, and is renowned for its prestigious brands and services. The company was founded on July 8, 1903, as a bank, trust, and secure deposit company by the president of DuPont T. Coleman du Pont. In 2010, it became a subsidiary of M & amp; T Bank.
Video Wilmington Trust
Histori
The Wilmington Trust was founded on July 8, 1903 by T. Coleman du Pont, who was then president of DuPont, to manage the growing wealth of the duPont family. DuPont opened the business in the former private dining room and living room at 915 Market Street in Wilmington, Delaware, with some investors and $ 500,000 in market capitalization.
In 1907, the company moved to DuPont Building in the Tenth & amp; Street Markets. He paid his first dividend (2.5%, $ 1.25 per share) on August 1, 1908. The company's first incorporation occurred on July 15, 1912: the acquisition of First National Bank and National Bank of Wilmington and Brandywine making it the largest bank on the East Coast. In 1971, he became one of the founding members of NASDAQ. In 1999, the company moved its listing to the New York Stock Exchange (NYSE).
On November 1, 2010, the Wilmington Trust announced a merger with M & amp; T Bank, Buffalo, New York. The deal valued the 107-year-old company for $ 3.84 a share, or 46 percent lower than its closing price on October 29. Investors receive 0.051 M & amp; T Buffalo is based for every Wilmington share.
In 2011, they announced their intention to "voluntarily cancel the list" of the NYSE after completing the merger with M & T Bank.
The Wilmington Trust is one of the largest holders of fiduciary assets in the United States.
Maps Wilmington Trust
Office
The corporate headquarters for the Wilmington Trust is located in a post office converted at Rodney Square in downtown Wilmington. It has domestic offices in New York City, Los Angeles, Boston, Philadelphia, Las Vegas, Phoenix, Atlanta, Baltimore, Beverly Hills, Stamford, Connecticut; Palm Beach, Florida; West Chester, Pennsylvania; Bethlehem, Pennsylvania; Villanova, Pennsylvania; Jacksonville, Florida; Birmingham, Alabama, and Charleston, South Carolina.
Internationally, Wilmington Trust has offices in Dublin, Frankfurt, and London.
Its main branch in Newark, Delaware was added to the National Register of Historic Places in 1982.
See also
- List of bank merges in the United States
Source
- Company Information
- 2007 Annual Report
- http://www.bloomberg.com/news/2010-11-01/wilmington-trust-to-be-bought-by-mt-for-351-million-below-market-value.html
Source of the article : Wikipedia
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