Wilmington Trust Corporation · Wilmington, DE United States ·(NYSE: WL)
Company Description
Phone: 302-651-1000
Fax: 302-651-8937
Toll Free: 800-441-7120
Rankings
- S&P 400
View Wilmington Trust Corporation Locations On A US Map
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This link will open in a new window Wilmington Trust Corporation owns Wilmington Trust Company, which has about 50 bank branches in Delaware. The company's trust and banking operations elsewhere in the US are carried out through its Wilmington Trust FSB subsidiary, which has about two dozen offices. In addition to deposit accounts and loans, Wilmington Trust also offers clients mutual funds, brokerage, insurance, and equipment leasing. It has business segments devoted to Corporate Client Services, primarily for private businesses in the US, the Caribbean, and Europe; and to Wealth Advisory Services, which includes trust, asset management, and family office services. To read the full description, subscribe now.
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Key Wilmington Trust Corporation Financials
| Company Type | Public - NYSE: WL Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $650.1 |
| 2008 Employees | 2,946 |
Wilmington Trust Corporation Executives
29 executives listed for Wilmington Trust Corporation's Wilmington, DE location.
| Title | Name & Bio | Contact |
| Chairman and CEO, Wilmington Trust Corporation and Wilmington Trust Company | Ted Cecala | Network |
| President, COO, and Director, Wilmington Trust Corporation and Wilmington Trust Company | Robert Harra | Network |
| EVP and CFO, Wilmington Trust Corporation and Wilmington Trust Company | David Gibson | Network |
Competition
Competitive Landscape for Wilmington Trust Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Wilmington Trust Corporation Competitors
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