History
Heritage

Our Heritage
From our beginning in 1903, Wilmington Trust's history illustrates the hard work of our staff, prudent business practices of our management, and our unwavering commitment to client service. We take pride in the role Wilmington Trust had in the growth of the US economy during the 20th century, and will continue on this course in the 21st.

Milestones in Our History

1903 T. Coleman duPont, president of E.I. duPont de Nemours and Company, and several prominent Delaware business leaders form the Wilmington Trust Company. The bank opens on July 8, 1903.
1912 Wilmington Trust becomes the largest bank in Delaware.
1929 Capital holdings exceed $4 million, enabling the bank to weather the Great Depression.
1933 Wilmington Trust plays a major role in the U.S. economic recovery, lending to leading businesses including Wilson Line for ship building, Coca Cola and GMAC.
1941 During WW II, 25% of the company's workforce joins the war effort. Wilmington Trust serves the cause by offering defense bonds.
1951 Begins expansion within Delaware, with acquisition of seven financial institutions over the next eight years. Funding continues to businesses that lead the post-war economic boom.
1961 Working with IBM, begins automation of installment and commercial loans, deposit accounts, and personal trusts.
1974 First Wilmington Trust ATM machine appears.
1991 Wilmington Trust Corporation is formed, driving the bank's growth in wealth management and trust markets and leading to new office openings in Florida, Maryland, New York, and California through Wilmington Trust FSB.
1996 Current chairman Ted T. Cecala and president Robert V.A. Harra Jr. assume their duties.
1998 Form affiliations with money managers Cramer Rosenthal McGlynn and Roxbury Capital Management.
1999 Wilmington Trust is listed for the first time on the New York Stock Exchange, stock symbol WL. Acquires Balentine & Company, investment counseling firm. Forms affiliation with Camden Partners, private equity firm.
2002 The London-based SPV Management Limited is acquired, enhancing Wilmington Trust's Corporate Client Services business as a leading provider of capital markets and entity management services in Europe. Over the next several years, the Dublin, Ireland, Frankfurt, Germany, and Luxembourg offices would add to the European expansion.
2003 Wilmington Trust celebrates a century of accomplishment and service to our clients, staff, communities, and shareholders.
2004 Transaction is complete for Grant, Tani, Barash & Altman, Inc., a Beverly Hills-based firm that provides family office services to high-net-worth individuals.
2008 The acquisition of AST Capital Trust Company concludes, nearly doubling the amount of retirement plan assets and the number of plans administered by Wilmington Trust.
2010 June, 2010 Don Foley becomes Chairman and Chief Executive Officer.
2010 November, 2010 Wilmington Turst signed a definitive agreement to become part of M&T Bank Corporation.
2011 The merger with M&T is completed.

Read more about our heritage and accomplishments.

Download our Corporate Heritage brochure to read more about Wilmington Trust, our history, and accomplishments.

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Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation (M&T). Investment management and fiduciary services are provided by Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., a national bank, and M&T Bank. International corporate and institutional services are offered through Wilmington Trust Corporation's international affiliates. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank.

Wilmington Trust Investment Advisors, Inc., a subsidiary of M&T Bank, is a SEC-registered investment adviser providing investment management services to Wilmington Trust and M&T Bank's affiliates and clients.

 Investment and Insurance Products:
  • Are NOT Deposits.  • Are NOT FDIC-Insured.  • Are NOT Insured By Any Federal Government Agency.  • Have NO Bank Guarantee.  • May Go Down In Value.  

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust Company, or Wilmington Trust, N.A.

Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.

M&T Bank, Member FDIC and Equal Housing Lender NMLS #381076 Equal Housing Lender