Wilmington Trust was founded on July 8, 1903 by T. Coleman du Pont, then the president of DuPont to manage the growing fortune of the duPont family.[2] DuPont opened the business in the dining room and parlor of a former private residence at 915 Market Street in Wilmington, Delaware with a handful of investors and $500,000 in market capitalization.[3] In 1907 the company moved to the DuPont Building at Tenth & Market Streets and paid its first dividend (2.50% or $1.25 per share) on August 1, 1908. The company’s first merger occurred on July 15, 1912 with the acquisitions of the First National Bank and the National Bank of Wilmington & Brandywine, making it the largest bank on the East Coast. In 1971, it became one of the founding members of NASDAQ.[3] In 1999, it moved its listing to the New York Stock Exchange (NYSE).[3] In 2011, it announced its intention to "voluntarily de-list" from the NYSE upon completion of its merger with M&T.[3] Evidence suggests that loyalty of customers to the bank which was among its hallmarks has waned considerably since its merger with M&T in 2010.