Wilmington Trust elevates two executives to leadership positions

WILMINGTON, Del. - Wilmington Trust, a division of M&T Bank Corp. (NYSE:MTB), announced Thursday the appointment of Frank Sutton as Chief Fiduciary Officer and Marguerite Weese as Chief Wealth Strategist, effective immediately.

The leadership changes come as the wealth management and corporate trust services provider continues to expand its planning and trust business under Jennifer Warren, Head of Wilmington Trust. With a P/E ratio of 12.18 and revenue growth of 5.09% in the last twelve months, M&T Bank Corp. demonstrates solid financial performance. For deeper insights into M&T Bank’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.

Both executives will report to Donald DiCarlo, who leads the firm’s planning and trust business lines.

Sutton, in his new role as Chief Fiduciary Officer and Head of Trust Administration, will oversee trust administration and the firm’s tax, unique assets, and estate settlement teams. His responsibilities include integrating trust teams into local markets and aligning them with planning professionals.

Prior to joining Wilmington Trust, Sutton worked at JP Morgan, Merrill Lynch Trust Co., and U.S. Trust Co. He holds a J.D. from Cornell Law School, an LL.M. in taxation from New York University, and a bachelor’s degree from the University of Florida.

Weese, as Chief Wealth Strategist, will coordinate wealth strategists across the company to drive revenue and promote the brand through thought leadership. She previously served as COO of Wilmington Trust Emerald Family Office & Advisory.

Before joining the firm, Weese was an associate in PricewaterhouseCoopers’ personal financial services group. She holds a J.D. and LL.M. in taxation from Villanova University and bachelor’s degrees from the University of Maryland.

Weese was recognized in the American Bankers Association’s 40 Under 40 in Wealth Management, Class of 2021, and currently serves as an adjunct professor at Drexel University’s Klein School of Law.

According to the press release statement, Warren said, "With the depth of industry knowledge and experience both Frank and Marguerite bring to our team, we have elevated two exceptional leaders." The appointments come at a time when M&T Bank Corp. has shown strong financial discipline, maintaining dividend payments for 47 consecutive years. InvestingPro subscribers can access additional insights, including 8 more exclusive ProTips and detailed financial metrics that help evaluate the company’s long-term potential.

In other recent news, M&T Bank announced an 11 percent increase in its quarterly dividend, raising it to $1.50 per share from the previous $1.35. This change reflects the bank’s strategy to return more capital to shareholders. Additionally, M&T Bank will lower its prime lending rate from 7.50% to 7.25%, effective September 18, 2025, impacting rates for various loans. Analyst firm Piper Sandler initiated coverage on M&T Bank with an Overweight rating, highlighting its strong position in the Northeast and mid-Atlantic regions. Meanwhile, Morgan Stanley downgraded M&T Bank from Overweight to Equalweight, despite increasing the price target to $251.00, citing the bank’s strategic execution. Furthermore, M&T Bank launched "Team M&T," a sponsorship program focusing on athletes as community leaders, featuring notable athletes such as Emily Sonnett and Zay Flowers. These developments highlight M&T Bank’s ongoing strategic initiatives and community involvement efforts.

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