Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. and Keefe, Bruyette & Woods, Inc. as joint bookrunners on an SEC-registered offering by Wilmington Trust Corporation of 21,706,250 shares of its common stock, which included 2,831,250 shares purchased pursuant to an over-allotment option. The net proceeds of the offering were approximately $238.1 million.

Wilmington Trust Corporation is a financial services holding company that provides regional banking services throughout the mid-Atlantic region, wealth advisory services for high-net-worth clients in 36 countries, and corporate client services for institutional clients in 89 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Sophia Hudson and Jennifer Freiman. The financial institutions team included partner Margaret E. Tahyar and associates Lena V. Kiely and Jessy Li. The tax team included partner William H. Weigel and associate Sarah Joy (not yet admitted). Partner Gail A. Flesher and associate Emma L. Ahrens provided environmental advice. Devin Chadderton was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.