Wilmington Trust to Acquire AST Capital Trust Company

Wilmington Trust Corporation (NYSE: WL) announced that Wilmington Trust FSB has signed a definitive agreement to acquire AST Capital Trust Company, a provider of directed trustee, trust administration, and back-office services offered through financial advisors to retirement plans, high-net-worth individuals and families, and institutional investors.

Wilmington Trust projects that the acquisition will add approximately $27 million of revenue and be nondilutive to earnings in 2008.
Pending regulatory approval, they expect to complete this transaction by this summer.
Terms of the deal were not disclosed.

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