M&A Deal Summary

M&T Bank Acquires Wilmington Trust

On May 16, 2011, M&T Bank acquired financial services company Wilmington Trust for 351M USD

Acquisition Highlights
  • This is M&T Bank’s 11th transaction in the Financial Services sector.
  • This is M&T Bank’s 5th largest (disclosed) transaction.
  • This is M&T Bank’s 11th transaction in the United States.
  • This is M&T Bank’s 1st transaction in Delaware.

M&A Deal Summary
Date 2011-05-16
Target Wilmington Trust
Sector Financial Services
Buyer(s) M&T Bank
Deal Type Add-on Acquisition
Deal Value 351M USD

Target

Wilmington Trust

Wilmington, Delaware, United States
website
Wilmington Trust Corp. is a comprehensive array of personal trust, financial planning, fiduciary, asset management, and family office services that help high-net-worth individuals and families grow, preserve, and transfer wealth.

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Buyer(S) 1

Buyer

M&T Bank

Buffalo, New York, United States

website

Category Company
Founded 1856
Sector Financial Services
Employees17,115
Revenue 8.0B USD (2022)
DESCRIPTION

M&T Bank is a financial holding company. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. M&T Bank was founded in 1856 and is based in Buffalo, New York.

DEAL STATS #
Overall 11 of 16
Sector (Financial Services) 11 of 13
Type (Add-on Acquisition) 8 of 10
State (Delaware) 1 of 1
Country (United States) 11 of 16
Year (2011) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-28 Bradford Bank

Baltimore, Maryland, United States

Bradford Bank, is a financial services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 Hudson City Bancorp

Paramus, New Jersey, United States

Hudson City Bancorp, Inc., a financial service company. Hudson City Savings Bank is constantly working with our vendors in a continuing effort to protect customer information and to provide the best service possible.

Buy $3.7B
Mergr

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