What is the holding company for Wilmington Trust?
Wilmington Trust Corporation is the holding company for the Wilmington Trust Company and its subsidiaries. It is the largest banking company in Delaware, with a market share of more than 40 percent in that state.
What happened to Wilmington Trust in 1994?
Wilmington Trust's mutual funds business stumbled in 1994, after taking some losses on risky investments. In July 1994 Standard and Poor's Corp. downgraded Wilmington's triple A rating to A, because the Rodney Square funds held 12 percent of its portfolio in structured and variable-rate notes.
Is Wilmington Trust a Federal Reserve Bank?
Wilmington Trust was a state-chartered bank but not a member of the Federal Reserve system, and this outsider status allowed it to do what few other banks could, namely distribute its own mutual funds.
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Wilmington Trust Corporation
Company Histories
Wilmington Trust Corporation is the holding company for the Wilmington Trust Company and its subsidiaries. It is the largest banking company in Delaware, with a market share of more than 40 percent in that state.
