Brett Lunger of Wilmington and Nathan Hayward, the head of the board of trustees at Longwood Gardens, were mentioned in a Nov. 27/28 "Wall Street Journal" story about the recent sale of Wilmington Trust, "How Loyalty to Customers Led to Storied Bank's Fall." Mr. Lunger said he was "disappointed and disheartened" by the sale; Mr. Hayward expressed his reaction as "shock and anger and dismay all wrapped together." M&T Bank Corp. purchased Wilmington Trust in what the Journal described as a "fire-sale deal" for "about $350 million - just about half of the ailing bank's stock-market value."
The story includes a photo of Mr. Lunger working on a laptop with his wife, Caroline, in the background.
In other bank news, the National Penn branch at Route 796 and Old Baltimore Pike in Jennersville was robbed on Nov. 29. Between that and the well-publicized efforts to preserve the vacant Red Rose Inn, that intersection has certainly been in the news a lot recently.
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