Shareholders vote on Wilmington Trust sale
A piece of Delaware fades away when shareholders of Wilmington Trust are expected to approve sale of the bank to Buffalo’s M&T bank
The merger of the financial institution was announced on November 1. The final step in the merger will come in early summer when federal regulators vote on the merger.
When the merger is complete there will be about 700 layoffs, most of them in the Wilmington area. M&T will eventually change the name on Wilmington Trust bank branches. Company officials say Wilmington Trust bank branches won’t close.
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