Summary
M&T Bank Corp. said late Thursday that it has received all required approvals to buy Wilmington Trust Corp., and expects to close the deal Monday.
Buffalo-based M&T said it got the go-ahead for the deal from the New York State Banking Department and the Office of Thrift Supervision, the final hurdles to the deal. It had already been cleared by the Delaware Banking Commissioner and the Federal Reserve. Wilmington Trust shareholders approved the deal on March 22.See the full content of this document
Extract
; Wilmington Trust Deal Likely to Close Monday
Immediately after closing, all Wilmington Trust accounts will become M&T accounts, but the branches and ATMs will still carry the Wilmington name until the systems conversion in the third quarter.
"M&T aspires to carry on the mantel that Wilmington Trus...See the full content of this document
Sponsored links
