Bailout Bank Bio: Wilmington Trust

Nov 20, 2008 | 1 min read | Print Article

Wilmington Trust Corporation, based in Wilmington, DE, is a financial holding company whose primary subsidiary is Wilmington Trust Company, in addition to subsidiaries Wilmington Trust of Pennsylvania and Wilmington Trust FSB. In May 2008, Wilmington Trust acquired AST Capital Trust Company. According to its website, Wilmington Trust is one of the largest personal trust providers, with a staff of more than 2,500. Wilmington Trust will receive $330 million through the Treasury Department’s Capital Purchase Program.

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Bailout Bank Bio: Wilmington Trust


Federal Equity Investment	$330 million
Total Revenue	$1.11 billion (2007) $1.04 billion (2008)
Net Income (Loss)	$182 million (2007) ($23.6 million) (2008)
Number of Employees	2,925
Corporate Headquarters	Wilmington, Deleware
Business Sector	Financial
Officers and Directors	Ted T. Cecala, Chairman of the Board, Chief Executive Officer Robert V.A. Harra Jr., President, Chief Operating Officer, Director David R. Gibson, Chief Financial Officer, Executive Vice President
Corporate Website	http://www.wilmingtontrust.com
Executive Compensation	Wilmington Trust