Wilmington Trust

Infobox_Company
company_name = Wilmington Trust
company_
company_type = Public (NYSE|WL)
slogan =
foundation = 1903
location = Wilmington, Delaware
key_people = Ted Thomas Cecala, CEO & Chairman & Robert V.A. Harra Jr., President & COO
num_employees = 2,672
industry = Financial
products = Banking
owner =
revenue =
homepage = [http://www.wilmingtontrust.com www.wilmingtontrust.com] |

Wilmington Trust (NYSE|WL) was founded on July 8, 1903 as a banking, trust, and safe deposit company by DuPont president T. Coleman du Pont. He opened the business in the dining room and parlor of a former private residence at 915 Market Street in Wilmington, Delaware with a handful of investors and $500,000 in market capitalization.

In 1907 the company moved to the DuPont Building at Tenth & Market Streets and paid its first dividend (2.50% or $1.25 per share) on August 1, 1908. The company’s first merger occurred on July 15, 1912 with the acquisitions of the First National Bank and the National Bank of Wilmington & Brandywine, making it the largest bank on the East Coast. In 1971, it became one of the founding members of NASDAQ and moved its listing to the New York Stock Exchange in 1999.

The Bank is divided into 3 sections: Regional Banking, Corporate Client Services and Wealth Advisory Services.

1) Regional Banking services to commercial clients throughout the mid-Atlantic region as well as providing consumer services to clients in the immediate Delaware region.

2) Corporate Client Services caters to the needs of institutional clients in over 86 countries.

3) Wealth Advisory Services caters to high-net-worth clients throughout the United States and in 35 other countries.

For 2007, net income was stated at $182 million. Additionally, combined assets under management totaled $49.8 billion by the end of 2007, an increase of 11% from 2006.

Currently, the corporate headquarters for Wilmington Trust is in Wilmington, Delaware.

In addition, it has domestic offices located in New York City, Los Angeles, Boston, Philadelphia, Las Vegas, Phoenix, Atlanta, Baltimore, Beverly Hills, Stamford (CT), Palm Beach, West Chester (PA), Villanova (PA) and Charleston (SC).

Internationally, Wilmington Trust has offices in the Cayman Islands, Channel Islands, Dublin, Frankfurt, London, Luxembourg and the Netherlands.

ources

* [http://www.wilmingtontrust.com/wtcom/index.jsp?section=Invest&fileid=9 Corporate Information]
* [http://www.wilmingtontrust.com/repositories/wtc_sitecontent/PDF/AR-2007-Total.pdf 2007 Annual Report]