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M&T Bank's Wilmington Trust Agrees to Sell CIT Business to Madison Dearborn Partners - News

Wilmington Trust, a leader in wealth management and corporate and institutional services and a wholly-owned subsidiary of M&T Bank Corporation, announced an agreement with Madison Dearborn Partners, LLC ("MDP"), a leading private equity firm based in Chicago, under which funds affiliated with MDP will acquire Wilmington Trust's Collective.

M&T agrees to sell one of its trust businesses to Chicago private equity firm

M&T agrees to sell part of its wealth-management arm to private equity firm

The business being sold to Madison Dearborn Partners provides trustee and administrative services to asset managers and retirement plans.

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