large portion of the bank, aligning management's interests with those of outside shareholders.The addition of Wilmington Trust expands M&T's presence in the attractive mid-Atlantic region and provides a welcome source of non-interest
with increases in trust (up 8%) and brokerage (up 6%) income. We expect the eventual combination of M&T, Wilmington Trust , and Hudson City to contribute to healthy growth in non-interest income, and view the positive 2013 results as
income in the near future. M&T also benefited from a reversal of an accrued compensation obligation related to the Wilmington Trust acquisition. Excluding this item, expenses still remained under control at the traditionally tight-fisted bank
outlook. M&T's 2011 acquisition of Wilmington Trust appears to be progressing nicely ..... and integrating acquisitions, the Wilmington deal was a bit different from past deals due to Wilmington 's focus on high net worth customers
million from first quarter 2011. The acquisition of Wilmington Trust added nearly $87 million in trust income compared ..... appears to be making progress on the integration of Wilmington 's operations--the bank's efficiency ratio fell
our expectations, as expenses resulting from the Wilmington Trust deal outpaced new revenue. We may alter our short ..... some loan growth in the quarter, even excluding the Wilmington Trust deal. Car dealership loans declined slightly as
share. The results were ahead of our expectations, due primarily to a $42 million aftertax gain related to the Wilmington Trust acquisition, $51 million in gains on investment securities, as well as a faster-than-expected reduction of
We are no longer providing equity research on Wilmington Trust WL following its acquisition by M&T Bank MTB. We provide broad coverage of more than 1,700 companies across more than 140 industries, and adjust our coverage as necessary based on client demand and investor interest.
announcing the approval of its forthcoming acquisition of Wilmington Trust WL by the Federal Reserve, also announced that it intends to redeem $330 million in Wilmington 's Troubled Asset Relief Program funds upon closing
We are suspending Wilmington Trust 's WL issuer rating pending the bank's acquisition by M&T Bank MTB, to which we assign a BBB+ issuer rating.