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WILMINGTON TRUST ACQUISITION OF FREEDOM VALLEY BANK COMPLETED

 WILMINGTON, Del., Oct. 8 /PRNewswire/ -- Wilmington Trust Corporation (NASDAQ: WILM) announced that the acquisition of Freedom Valley Bank was completed today.
 The acquisition, which was agreed to in March 1993, involves the purchase of Freedom Valley Bank's equity securities for $11.85 million. This transaction is not anticipated to dilute Wilmington Trust's earnings. Freedom Valley Bank is a community bank with more than $110 million in assets and serves Delaware and Chester counties in Pennsylvania, with branches in Delchester, Lionville, Media and West Chester. Freedom Valley Bank will operate as a subsidiary of Wilmington Trust Corporation. Later this month, an organization meeting will be held to appoint the management team.
 Wilmington Trust Chairman and CEO Leonard W. Quill stated, "We are delighted to expand our presence in neighboring Pennsylvania. This acquisition will allow us to provide our wide range of services to the communities served by Freedom Valley Bank."
 Wilmington Trust Company, also a subsidiary of Wilmington Trust Corporation, currently has 60 branches in Delaware, one branch in West Chester, Pa., and three trust offices in Florida. With $4.1 billion in assets, Wilmington Trust Company is the largest, full-service, independent bank chartered in Delaware.
 /delval/
 -0- 10/8/93
 /CONTACT: Ted T. Cecala of Wilmington Trust, 302-651-1897/
 (WILM)


CO: Wilmington Trust Corporation; Wilmington Trust Company; Freedom
 Valley Bank ST: Delaware IN: FIN SU: TNM


MK-MJ -- PH030 -- 0293 10/08/93 16:12 EDT
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Publication:PR Newswire
Date:Oct 8, 1993
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