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What: Shares of Wilmington Trust
So what: There has been considerable speculation that Wilmington Trust would find a suitor for months now. In July, The New York Times reported that K.B.W. listed several banks it thought were potential targets for their "footprint, more low-cost deposits, and healthy fee-income businesses." The list included Cardinal Financial
Now what: Wilmington Trust has posted losses for the past five quarters as it continues to add to provisions for loan losses. Times are tough for the bank, but with the stock trading well under 0.7 times book value, Wilmington Trust may appear attractive to would-be buyers.
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