News
DONE DEAL
May 17, 2011
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| Yesterday M&T Bank finalized its acquisition of Wilmington Trust Corp (the Baltimore Business Journal reports it as valued around $351M). Venable partner Ted Millspaugh tells us he doesn't think the deal will change the bank's CRE lending perspective: ?M&T's always had a strong commitment to Baltimore,? he says, and there are lots of other competing lenders focused on the area. Ted says there's plenty of debt available for fully leased assets (as well as buildings with good lease-up potential). Ballard Spahr's Tom Hauser agrees: he tells us the deal will probably expand M&T's platform but won't change practices drastically. |
