Fed Approves M&T Bank's Acquisition Of Wilmington Trust
April 26 2011 - 4:29PM
Dow Jones News
The Federal Reserve said it has approved the application by
M&T Bank Corp. (MTB) to acquire Wilmington Trust Corp.
(WL).
The Fed on Tuesday disclosed its approval of the request by
M&T, which is based in Buffalo, N.Y. M&T has $68 billion in
total assets, the Fed said.
Wilmington, of Wilmington, Del., late last year had agreed to be
bought by M&T. It has total assets of $11 billion, according to
the Fed.
-By Jeff Bater, Dow Jones Newswires; 202-862-9249;
jeff.bater@dowjones.com
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