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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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© 2014 Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by
M&T Bank. Investment Services, Wealth Advisory and Corporate & Institutional products and services are offered by Wilmington Trust Company,
operated in Delaware only, and Wilmington Trust, N.A. International Corporate & Institutional services are offered through our international affiliates.

 Investments: • Are NOT FDIC-Insured. • Have NO Bank Guarantee. • May Lose Value. 
Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust or Wilmington Trust NA.

M&T Bank and Wilmington Trust, N.A. are Members FDIC and Equal Housing Lenders NMLS #381076 Equal Housing Lender