Company Profile For Wilmington Trust Corporation

Wilmington Trust Corporation (WL.N) (New York Stock Exchange)
sector: Financials · industry: Financial Services - Diversified ·
As of  27 Nov 2009
11.72USD
Price Change
-0.46
Percent Change
-3.78%
 
 
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Overview

Wilmington Trust Corporation is a financial holding company engaged in providing a range of banking and other financial services through its banking and other subsidiaries. The Company’s subsidiary Wilmington Trust Company (WTC) is a bank and trust company founded in 1903. The Company also owns one other depository institution: Wilmington Trust FSB (WTFSB), a federally-chartered savings bank. In November 2008, the Company merged Wilmington Trust of Pennsylvania (WTPA) into Wilmington Trust FSB (WTFSB). WTFSB owns Wilmington Trust Retirement and Institutional Services Company (WTRISC), a Delaware-chartered trust company. WTRISC owns Wilmington Trust Fiduciary Services Company (WTFSC), a New Jersey-chartered nondepository bank. The Company operates in four business segments: Regional Banking, Corporate Client Services (CCS), Wealth Advisory Services (WAS), and Affiliate Money Managers.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Wilmington Trust Corporation's interest income fell 27% to $228.5M. Net interest income after LLP fell 47% to $76.7M. Net loss applic. to Common fell 84% to $3.5M. Net interest income reflects lower interest & fees on loans, also reflects higher provision for loan losses. Net loss also reflects higher salaries & wages expenses and an increase in furniture, equipment & supplies expenses.

Company Address

Wilmington Trust Corporation
Rodney Square North
1100 North Market Street
Wilmington   DE   19890
P: +1302.6511000
F: +1302.6518010

Total Employees

2909

Find Out More About WL.N

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