May 21, 2002

TED T. CECALA, JR.
Chairman & Chief Executive Officer, Wilmington Trust Company

The Kalmar Nyckel and Old Swedes Church may remind us of how far back Wilmington's history reaches, but the Wilmington Trust tower rising from the old Post Office on Rodney Square, catacorner to the DuPont Building, is an even more vivid reminder of Wilmington's history, especially its corporate history. Wilmington Trust, celebrating it's centennial in 2003, has been, and is, a central part of Wilmington and its history.

Wilmington Trust, of course, reaches beyond Delaware. It is the 13th-largest personal trust provider in the US. With its affiliates, Wilmington Trust manages $37 billion in client assets. It has a client base spanning 50 countries on six continents. It now has offices in New York, New Jersey, Pennsylvania, Maryland, Florida, Nevada, Georgia, and California as well as in London, the Channel Islands, and Cayman Islands. But it is the Delaware history we know best.

Founded in 1903 by T. Coleman du Pont and several other prominent Delaware businessmen, the Wilmington Trust Company has always been in the forefront of wealth management. Its three core businesses today–regional banking, corporate financial services, and wealth management–continue to provide advantages to clients and shareholders not only from its focus on service and its business mix, but also, because of the Delaware advantage.

Ted T. Cecala, Jr. has been with Wilmington Trust for over 20 years, specializing in all aspects of Corporate Development. He began his Wilmington Trust career as Controller and, in July 1996, became Chairman and Chief Executive Officer.

Ted will share with us Wilmington Trust's positioning for the future in our changing world and changing economy, as well as the future of the banking industry in Delaware, the United States, and beyond.

Beverley Baxter