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How Loyalty to Customers Led to Storied Bank's Fall.

Authors :
Sidel, Robin
Source :
Wall Street Journal - Eastern Edition. 11/27/2010, Vol. 256 Issue 126, pB1-B3. 3p.
Publication Year :
2010

Abstract

The article discusses circumstances that culminated in the sale of financial-services firm Wilmington Trust Corp. to rival M&T Bank Corp. in November, 2010. During the 1990s Wilmington began acquiring significant exposure to commercial loans through its purchases of local banks in Delaware. Many of these loans became troubled, and the bank proved reluctant to pressure borrowers.

Subjects

Subjects :
*BANK mergers
*COMMERCIAL loans

Details

Language :
English
ISSN :
00999660
Volume :
256
Issue :
126
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
55441875