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Wilmington Trust expands in Center City Philadelphia.

Business Editors

WILMINGTON, Del.--(BUSINESS WIRE)--July 23, 2001

Wilmington Trust, expanding its wealth management and commercial banking services in Pennsylvania, has doubled its space in Philadelphia by moving to a new office at One Liberty Place.

In addition, the company announced that Jerome M. Mauro has joined Wilmington Trust's Philadelphia office as a Private Client Advisor. Mauro comes to Wilmington Trust after spending a year as vice president of sales at ePlaced.com, a Web-based recruiting firm in Charlotte, North Carolina. Prior to that, he spent six years as a senior development officer and relationship manager with The Graham Company insurance group in Philadelphia.

Mauro joins a team of financial experts who focus on providing investment management, trust and wealth transition planning, financial planning, insurance, and credit services to its target client base of business owners, high net worth individuals and families, attorneys, physicians, tax advisors, and other professionals.

"We have experienced tremendous growth in southeastern Pennsylvania in recent years, and the Philadelphia market has been a primary factor in that growth," says Mark A. Graham, president of Wilmington Trust of Pennsylvania. "We needed a larger office to accommodate our growing staff in Philadelphia. And as part of that expansion, we are very pleased to have Jerry join our team."

Wilmington Trust, one of the leading wealth management companies in the United States, moved to the 31st floor of One Liberty Place, Suite 3150, at 1650 Market Street in Center City Philadelphia. The office's telephone number is (215) 419-6570.

This latest expansion follows the opening of two new Pennsylvania offices in the fall of 2000, in West Chester and Doylestown, adding to offices in Villanova and Haverford. Expanding in southeastern Pennsylvania since 1994, Wilmington Trust of Pennsylvania focuses on three key business lines: private client advisory services, commercial banking, and real estate lending. The company has added roughly 60 professional staff members in Pennsylvania in the past few years, boosting the staff to more than 70 today.

Graham said that Philadelphia and its surrounding counties are among the most attractive markets in the region for the kinds of wealth management and commercial banking services Wilmington Trust provides to individuals and privately held businesses with annual sales of between $5 million and $200 million. Wilmington Trust of Pennsylvania's commercial loan portfolio is about $1 billion.

"The demand for our relationship management approach and custom-tailored services is only getting stronger," says Graham, who has guided the company's expansion in southeastern Pennsylvania since 1996. "The team we've assembled in Pennsylvania--committed to building long-term client relationships and delivering consistent investment returns--should ensure our continued growth throughout the region."

About Jerome Mauro

Before joining Wilmington Trust, Mauro worked at ePlaced.com, a Web-based recruiting firm for contract professionals, from 2000 to 2001. Prior to that, he served as a senior business development officer and relationship manager at Graham, an insurance brokerage firm, from 1994 to 2000. Mauro started his career at Xerox Corporation in 1971, spending more than 22 years at the company. His final position there was head of North American operations for Xerox Engineering Systems.

Mauro graduated from the University of Richmond in Richmond, Virginia, with a B.S. in Business Administration. He also holds property and casualty and health insurance agent licenses in Pennsylvania and surrounding states.

He lives with his wife and three children in Marlton, New Jersey.

About Wilmington Trust

Wilmington Trust of Pennsylvania is a wholly owned subsidiary of Wilmington Trust Corporation (NYSE: WL). The corporation's principal wholly owned subsidiary is Wilmington Trust Company, which was founded in 1903 to manage the wealth of the du Pont family. Today, Wilmington Trust, with $24.9 billion in assets under management, is the 13th largest personal trust provider in the United States and the leading banking company in its home state of Delaware.

The company provides wealth management, corporate trust, and commercial banking services to customers throughout the United States and in more than 50 other countries online and from offices in California, Delaware, Florida, Maryland, Nevada, New York, Pennsylvania, London, and the Cayman and Channel Islands. For more information about Wilmington Trust, visit www.wilmingtontrust.com.
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Publication:Business Wire
Date:Jul 23, 2001
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