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Wilmington Trust's CEO Takes Wait-and-See M&A Approach


By Matt Ackermann, American Banker

July 27, 2009

For anyone in a rush to snap up wealth management firms, or who thinks Wilmington Trust Corp. is poised for a buying spree, Ted T. Cecala says think again. The chairman and chief executive officer of Wilmington Trust strikes the profile of a lion in wait. He advises caution and talks up the risks of chasing deals in the current market, but he says the company will expand -- in time.

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