<PAGE>   1




                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K


[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         FOR THE TRANSITION PERIOD FROM __________ TO __________

         Commission file number: 1-14659


                          WILMINGTON TRUST CORPORATION
             (Exact name of registrant as specified in its charter)


            Delaware                       51-0328154
---------------------------------      ------------------------
(State or other jurisdiction               (I.R.S. Employer
of incorporation or organization)         Identification No.)


    Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890
    -------------------------------------------------------------------------
               (Address of principal executive offices)(Zip Code)


                                 (302) 651-1000
              ----------------------------------------------------
              (Registrant's telephone number, including area code)

Securities registered pursuant to     Name of each exchange on which registered:
Section 12(b) of the Act:

Title of each class

Common Stock, $1.00 Par Value                        New York Stock Exchange
-----------------------------                        -----------------------
(Title of class)
<PAGE>   2
Securities registered pursuant to Section 12 (g) of the Act:  None

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such report(s)), and (2) has been subject to
such filing requirements for the past 90 days.

                                 [X] Yes [ ] No


         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein and will not be contained, to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]

         As of January 31, 2001, the aggregate market value of voting and
non-voting stock held by non-affiliates* of the registrant was $ 1,491,882,055.

Indicate the number of shares outstanding of the registrant's class of common
stock, as of the latest practicable date.



                  Class              Outstanding at January 31, 2001
--------------------------           -------------------------------
Common Stock, $1 Par Value                    32,419,303



Documents Incorporated               Part of Form 10-K in which
by Reference                         Incorporated
--------------------------           -------------------------------

--------------------------
(1)      Portions of Proxy Statement for 2001           Part III
         Annual Shareholders' Meeting
         of Wilmington Trust Corporation

(2)      Portions of  Annual Report to                  Parts I, II, and IV
         Shareholders for fiscal year ended
         December 31, 2000



*For purposes of this calculation, Wilmington Trust's subsidiaries and its
directors and executive officers are deemed to be "affiliates."
<PAGE>   3
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS
<S>               <C>                                                                                  <C>
PART I

Item 1            Business...............................................................................1

Item 2            Properties............................................................................24

Item 3            Legal Proceedings.....................................................................24

Item 4            Submission of Matters to a Vote of Security Holders...................................25


PART II

Item 5            Market for Registrant's Common Stock and Related
                  Stockholder Matters...................................................................25

Item 6            Selected Financial Data...............................................................26

Item 7            Management's Discussion and Analysis of Financial
                  Condition and Results of Operation....................................................27

Item 7A           Qualitative and Quantitative Disclosure About Market Risk.............................27

Item 8            Financial Statements and Supplementary Data...........................................27

Item 9            Changes in and Disagreements with Accountants on
                  Accounting and Financial Disclosure...................................................28

PART III

Item 10           Directors and Executive Officers of the Registrant....................................28

Item 11           Executive Compensation................................................................28

Item 12           Security Ownership of Certain Beneficial Owners and
                  Management............................................................................28

Item 13           Certain Relationships and Related Transactions........................................28

PART IV

Item 14           Exhibits, Financial Statement Schedules, and Reports
                  on Form 8-K...........................................................................29
</TABLE>
<PAGE>   4
                                     PART I
ITEM 1 - BUSINESS

         General
         -------

         Wilmington Trust Corporation, a Delaware corporation ("Wilmington
Trust"), owns Wilmington Trust Company, a Delaware-chartered bank and trust
company and Wilmington Trust's principal subsidiary ("WTC"). WTC was formed in
1903 and is the largest full-service bank in Delaware, with 45 branch offices at
January 31, 2001. Wilmington Trust also owns two other financial institutions,
Wilmington Trust of Pennsylvania, a Pennsylvania-chartered bank and trust
company with five branches ("WTPA"), and Wilmington Trust FSB, a
Federally-chartered savings bank with one branch in Maryland, three branches and
a sales office in Florida and trust agency offices in New York, California, and
Nevada ("WTFSB"). (WTC, WTPA, and WTFSB sometimes are referred to herein as the
"Banks"). Wilmington Trust also owns Rodney Square Management Corporation, a
registered investment adviser ("RSMC"), and WT Investments, Inc., an investment
holding company with interests in three asset management firms ("WTI").

         Wilmington Trust's principal place of business is Rodney Square North,
1100 North Market Street, Wilmington, Delaware 19890. Its telephone number is
(302) 651-1000. Its principal role is to supervise and coordinate the Banks',
RSMC's, and WTI's activities and provide them with capital and services.
Virtually all of Wilmington Trust's income historically has been from dividends
from WTC. Wilmington Trust's current staff principally consists of its
management, who are executive officers generally serving in similar capacities
for WTC. Wilmington Trust utilizes WTC's support staff.

         As of December 31, 2000, Wilmington Trust had total assets of $7.3
billion and total shareholders' equity of $591.9 million. On that date,
32,393,318 shares of Wilmington Trust's common stock were issued and
outstanding, which were held by 9,189 shareholders of record. Wilmington Trust's
total loans outstanding were approximately $5.2 billion on that date.

         Personal Trust Activities
         -------------------------
         Wilmington Trust is one of the nation's largest personal trust
institutions, serving a client base that is national in scope. It offers trust
administration, investment management, private banking, custody, estate and
financial planning, and estate settlement services for its personal trust
clients. A staff of attorneys is available to work with the advisors of those
clients. Wilmington Trust's offices in Delaware, Pennsylvania, Maryland,
Florida, New York, California, Nevada, London, Jersey, and the Cayman Islands
provide convenient access to customers in these key markets.

         Corporate Trust Activities
         --------------------------
         Wilmington Trust is a major provider of trust and administrative
services for customers who benefit from Delaware's and Nevada's favorable tax
and legal environments. These customers include passive investment companies,
business trusts, limited liability companies, and limited partnerships.
Wilmington Trust serves as the owner or indenture trustee for a variety of
corporate,

                                      -1-
<PAGE>   5
municipal and derivative securities, including those secured by mortgage-backed
collateral, residential and commercial mortgage loans, leases, credit card
receivables, franchises, timeshares and many other assets included in innovative
financing structures. Wilmington Trust participates as owner or indenture
trustee for equipment leasing trusts involving aircraft, power generating
facilities, communication lines, satellites, and vessels. It also serves as
collateral or liquidating trustee in corporate debt restructurings,
reorganizations, and mergers. These afford the opportunity to cross-sell
Wilmington Trust's custody and asset management services. In addition,
Wilmington Trust provides trust and custody services for a variety of
tax-qualified employee benefit plans, including defined benefit plans, 401(k)
plans, and executive compensation arrangements.

         Asset Management
         ----------------
         Wilmington Trust provides investment advisory services for individual
and institutional clients across the country, including tax-qualified defined
benefit and defined contribution plans, endowment and foundation funds and
taxable and tax-exempt cash portfolios. It also offers the proprietary family of
The Wilmington Funds, which are mutual funds consisting of the following
portfolios:

         -        The Wilmington Prime Money Market Portfolio and the Wilmington
                  U.S. Government Portfolio, which seek high current income
                  while preserving capital and liquidity by investing in money
                  market instruments;

         -        The Wilmington Tax-Exempt Portfolio, which seeks high current
                  interest income exempt from Federal income tax;

         -        The Wilmington Short/Intermediate Bond Portfolio and the
                  Wilmington Intermediate Bond Portfolio, which seek high total
                  return, consistent with high current income, by investing
                  principally in various types of investment-grade, fixed-income
                  securities;

         -        The Wilmington Municipal Bond Portfolio, which seeks a high
                  level of income exempt from Federal income tax, consistent
                  with the preservation of capital;

         -        The Wilmington Large Cap Growth Portfolio, which seeks
                  long-term growth of capital by investing in large-cap U.S.
                  equity securities;

         -        The Wilmington Large-Cap Core Portfolio, which seeks to
                  achieve long-term capital appreciation by investing in
                  large-cap U.S. equity securities;

         -        The Wilmington Large-Cap Value Portfolio, which seeks to
                  achieve long-term capital appreciation by investing in
                  large-cap U.S. equity securities;

         -        The Wilmington Small-Cap Core Portfolio, which seeks superior
                  long-term growth of capital by investing in small-cap U.S.
                  equity securities; and

                                      -2-
<PAGE>   6
         -        The Wilmington International Multi-Manager Portfolio, which
                  seeks superior long-term capital appreciation by investing in
                  equity securities of issuers located outside the United
                  States.

         WTI holds a 56.5% equity interest in Cramer Rosenthal McGlynn, LLC
("CRM"), an asset management firm with $3.4 billion under management at December
31, 2000 and a value orientation. CRM's capabilities also include special
equity, limited partnerships, and high-yield investments. WTI also holds a 30%
profit interest and an 8.2% equity interest in California-based Roxbury Capital
Management, LLC, an asset management firm with a growth orientation and $11.3
billion under management at December 31, 2000.

         Through its personal investment centers, Wilmington Trust offers
investment services throughout the Banks' branches.

         As of December 31, 2000, Wilmington Trust in the aggregate had assets
of $94.4 billion under trust, custody, and administration. Of that total,
Wilmington Trust manages approximately $26.8 billion in discretionary assets.
Personal trust assets that Wilmington Trust manages totaled $17.5 billion.

         Lending Activities
         ------------------
         The Banks historically have concentrated the lending activities
described below in Delaware, Pennsylvania, Maryland, Florida, and New York. The
Banks generally receive fees for originating loans and for taking applications
and committing to originate loans. In addition, they receive fees for issuing
letters of credit, as well as late charges and other fees in connection with
their lending activities.

         Residential Mortgage Loans
         --------------------------
         The Banks directly originate or purchase conventional residential first
mortgage loans. A third-party servicer generally services residential mortgage
loans that are not resold. The Banks provide financing for jumbo residential
first mortgage loans through a third-party lender.

         The Banks maintain excellent relationships with correspondent lenders
in their market areas from which they purchase residential mortgage loans. The
Banks also foster public awareness of their residential mortgage loan products
through newspaper advertising and direct mail. The Banks offer both fixed and
adjustable interest rates on residential mortgage loans, with terms ranging up
to 30 years.

         Commercial Loans
         ----------------
         The Banks also originate loans secured by mortgages on commercial real
estate and multi-family residential real estate. The Banks seek to minimize
risks of this lending in a number of ways, including:

                  -        Limiting the size of their individual commercial and
                           multi-family real estate loans;

                                      -3-
<PAGE>   7
                  -        Monitoring the aggregate size of their commercial and
                           multi-family housing loan portfolios;
                  -        Generally requiring equity in the property securing
                           the loan equal to a certain percentage of the
                           appraised value or selling price;
                  -        Requiring in most instances that the financed project
                           generates cash flow adequate to meet required debt
                           service payments; and
                  -        Requiring that the Banks have recourse to the
                           borrower and guarantees from the borrower's
                           principals in most instances.

         The Banks also make other types of commercial loans to businesses
located in their market areas. The Banks offer lines of credit, term loans, and
demand loans to finance working capital, accounts receivable, inventory and
equipment purchases. Typically, these loans have terms of up to seven years, and
bear interest either at fixed rates or at rates fluctuating with a designated
interest rate. These loans frequently are secured by the borrower's assets. In
many cases, they also are collateralized by guarantees of the borrower's owners
and their principal officers.

         Construction Loans
         ------------------
         The Banks make loans and participate in financing to construct
residences and commercial buildings. The Banks also originate loans for the
purchase of unimproved property for residential and commercial purposes. In
these cases, the Banks frequently provide the construction funds to improve the
properties.

         The Banks' residential and commercial construction loans generally have
terms of up to 24 months, and interest rates that adjust from time to time in
accordance with changes in a designated interest rate. The Banks disburse loan
proceeds in increments as construction progresses and inspections warrant. The
Banks finance the construction of individual, owner-occupied houses only if
qualified professional contractors are involved and only on the basis of the
Banks' underwriting and construction loan management guidelines. The Banks may
underwrite and structure construction loans to convert to permanent loans at the
end of the construction period. Analyzing prospective construction loan projects
requires greater expertise than that required for residential mortgage lending
on completed structures. Accordingly, the Banks engage several individuals
experienced in underwriting in connection with their construction lending.
Residential and commercial construction loans afford the Banks the opportunity
to increase the interest rate sensitivity of their loan portfolios and receive
yields higher than those obtainable on permanent residential mortgage loans.

         Loans to Individuals
         --------------------
         The Banks offer both secured and unsecured personal lines of credit,
installment loans, home improvement loans, direct and indirect automobile loans,
and credit card facilities. The Banks develop public awareness of their consumer
loan products primarily through newspaper advertising and direct mail. Consumer
loans generally have shorter terms and higher interest rates than residential
first mortgage loans. Through their consumer lending, the Banks attempt to
enhance the spread between their average loan yields and their cost of funds,
and their matching of assets and liabilities expected to mature or reprice in
the same periods.

                                      -4-
<PAGE>   8
         Underwriting Standards
         ------------ ---------

         In determining whether to originate or purchase a residential mortgage
loan, the Banks assess both the borrower's ability to repay the loan and the
adequacy of the proposed information concerning the applicant's income,
financial condition, employment, and credit history. The Banks require title
insurance insuring the priority of their liens on most loans secured by first
mortgages on real estate, as well as fire and extended coverage casualty
insurance protecting the mortgaged properties. Loans are approved by various
levels of management depending on the amount of the loan.

         The Banks' underwriting standards relating to commercial real estate
and multi-family residential loans are designed to ensure that the property
securing the loan will generate sufficient cash flow to cover operating expenses
and debt service. The Banks review the property's operating history and
projections, comparable properties, and the borrower's financial condition and
reputation. The Banks' general underwriting standards with respect to these
loans include:

                  -        Inspecting each property before issuing a loan
                           commitment and before each disbursement;

                  -        Requiring an appraisal of the property;

                  -        Requiring recourse to the borrower; and

                  -        Requiring the personal guaranty of the borrower's
                           principal(s).

The Banks monitor the performance of these loans by inspecting the property
securing each loan.

         The Banks limit real estate secured commercial loans to individuals and
organizations with a demonstrated capacity to generate cash flow sufficient to
repay indebtedness under varied economic conditions. The Banks monitor the
performance of these loans and other loans by reviewing each one at least
annually.

         The Banks require first or junior mortgages to secure home equity
loans. Although this security influences the Banks' underwriting decisions,
their primary focus in underwriting these loans, as well as their other loans to
individuals, is on the borrower's financial ability to repay. In the
underwriting process, the Banks obtain credit bureau reports and verify the
borrower's employment and credit information. On home equity loans above a
certain level, the Banks require an appraisal of the property securing the loan
and, in certain instances, title insurance insuring the priority of their liens.

         Deposit Activities
         ------- ----------

         Deposit accounts are the primary source of the Banks' funds for use in
lending and investment activities and general business purposes. The Banks also
obtain funds from borrowings, the amortization and repayment of outstanding
loans, earnings, and maturities of investment securities.

         The Banks' deposit accounts include demand checking accounts, term
certificates of deposit, money market deposit accounts, NOW accounts, and
regular savings accounts. The Banks also offer retirement plan accounts
(including individual retirement accounts, Keogh accounts, and

                                      -5-


<PAGE>   9
simplified employee pension plans) for investment in the Banks' various deposit
accounts. The Banks attract consumer deposits principally from their primary
market areas.

         Other Activities
         ----- ----------

         Interest and dividends on investments provide the Banks with a
significant source of revenue. At December 31, 2000, the Banks' investment
securities, including securities purchased under agreements to resell, totaled
$1.5 billion, or 20.6% of their total assets. The Banks' investment securities
are used to meet Federal liquidity requirements, among other purposes.
Designated members of the Bank's management make investment decisions. The Banks
have established limits on the types and amounts of investments they may make.

         Financial information about Wilmington Trust's reporting segments is
contained in Note 18 to the Consolidated Financial Statements contained in
Wilmington Trust's Annual Report to Shareholders for 2000.

         Subsidiaries
         ------------

         WTC has 18 active wholly-owned subsidiaries, formed for various
purposes. Those subsidiaries' results of operations are consolidated with
Wilmington Trust for financial reporting purposes. They provide additional
services to Wilmington Trust's customers, and include:

                  -        Brandywine Finance Corporation, a finance company;

                  -        Brandywine Insurance Agency, Inc., a licensed
                           insurance agent and broker for life, casualty, and
                           property insurance;

                  -        Brandywine Life Insurance Company, Inc., a reinsurer
                           of credit life insurance written in connection with
                           closed-end consumer loans WTC makes;

                  -        Delaware Corporate Management, Inc. and Organization
                           Services, Inc., which provide services for special
                           purpose entities using Delaware's favorable tax and
                           legal environment;

                  -        Nevada Corporate Management, Inc., which provides
                           services for special purpose entities using Nevada's
                           favorable tax and legal environment;

                  -        WTC Corporate Services, Inc., a sales production
                           company for corporate trust customers;

                  -        Wilmington Brokerage Services Company, a registered
                           broker-dealer and a registered investment adviser;

                  -        Wilmington Trust Global Services, Ltd., a sales
                           production company for corporate trust customers;

                  -        Wilmington Trust (Cayman), Ltd., a trust company; and

                                      -6-

<PAGE>   10
                  -        Wilmington Trust (Channel Islands), Ltd., a trust
                           company.

         Staff Members
         ----- -------

         On December 31, 2000, Wilmington Trust and its subsidiaries had 2,299
full-time equivalent employees. Wilmington Trust considers its and its
subsidiaries' relationships with these employees to be good. Wilmington Trust
and the Banks provide a variety of benefit programs for these employees,
including pension, profit-sharing, incentive compensation, thrift savings, stock
purchase, and group life, health, and accident plans.

         Risk Factors
         ---- -------

                  -        Principal Interest Rate and Credit Risks Associated
                           with Consumer and Commercial Lending.
                           ----------------------------------------------------

         The Banks offer fixed and adjustable interest rates on loans, with
terms of up to 30 years. Although the majority of residential mortgage loans the
Banks originate are fixed-rate, adjustable rate mortgage loans increase the
responsiveness of the Banks' loan portfolios to changes in market interest
rates. However, ARM loans generally carry lower initial interest rates than
fixed-rate loans. Accordingly, they may be less profitable than fixed-rate loans
during the initial interest rate period. In addition, since they are more
responsive to changes in market interest rates than fixed-rate loans, ARM loans
can increase the possibility of delinquencies in periods of high interest rates.

         The Banks also originate loans secured by mortgages on commercial real
estate and multi-family residential real estate. Since these loans usually are
larger than one-to-four family residential mortgage loans, they generally
involve greater risks than one-to-four family residential mortgage loans. In
addition, since customers' ability to repay those loans often is dependent on
operating and managing those properties successfully, adverse conditions in the
real estate market or the economy generally can impact repayment more severely
than loans secured by one-to-four family residential properties. Moreover, the
commercial real estate business is subject to downturns, overbuilding, and local
economic conditions.

         The Banks also make construction loans for residences and commercial
buildings, as well as on unimproved property. While these loans also enable the
Banks to increase the interest rate sensitivity of their loan portfolios and
receive higher yields than those obtainable on permanent residential mortgage
loans, the higher yields correspond to the higher risks perceived to be
associated with construction lending. Those include risks associated generally
with loans on the type of property securing the loan. Consistent with industry
practice, the Banks sometimes fund the interest on a construction loan by
including the interest as part of the total loan. Moreover, commercial
construction lending often involves disbursing substantial funds with repayment
dependent largely on the success of the ultimate project instead of the
borrower's or guarantor's ability to repay. Again, adverse conditions in the
real estate market or the economy generally can impact repayment more severely
than loans secured by one-to-four family residential properties.

                                      -7-
<PAGE>   11
         In the event of slow economic conditions or deterioration in commercial
and real estate markets, we would expect increased nonperforming assets, credit
losses, and provisions for loan losses.

                  -        Increasing Competition for Deposits, Loans, and
                           Assets Under Management.
                           -----------------------------------------------------

         The Banks compete for deposits, loans, and assets under management.
Many of the Banks' competitors are larger and have greater financial resources
than Wilmington Trust. These disparities have been accelerated with increasing
consolidation in the financial services industry. Savings banks, savings and
loan associations, and commercial banks located in the Banks' principal market
areas historically have provided the most direct competition for deposits.
Dealers in government securities and deposit brokers also provide competition
for deposits. Savings banks, savings and loan associations, commercial banks,
mortgage banking companies, insurance companies, and other institutional lenders
provide the principal competition for loans. This competition can increase the
rates the Banks pay to attract deposits and reduce the interest rates they can
charge on loans, and impact the Banks' ability to retain existing customers and
attract new customers.

         Banks, trust companies, investment advisers, mutual fund companies, and
insurance companies provide the Banks' principal competition for trust and asset
management business.

                  -        Regulatory Restrictions.
                           ---------- -------------

         Wilmington Trust and its subsidiaries are subject to a variety of
regulatory restrictions in conducting business by Federal and state authorities.
These include restrictions imposed by the Bank Holding Company Act, the Federal
Deposit Insurance Act, the Federal Reserve Act, the Home Owners' Loan Act, and a
variety of Federal and state consumer protection laws. See "Regulatory Matters."

                                      -8-

<PAGE>   12
Industry Guide 3 Tables
     The following table presents a rate/volume analysis of net interest income:


<TABLE>
<CAPTION>
                                                   --------------------------------------------------------------------------------
                                                                           2000/1999                           1999/1998
                                                                            Increase                            Increase
                                                                          (Decrease)                          (Decrease)
                                                                              due to                              due to
                                                                           change in                           change in
                                                   --------------------------------------------------------------------------------


<S>                                               <C>          <C>          <C>          <C>          <C>          <C>
                                                          1            2                        1           2
(in thousands)                                      Volume         Rate        Total      Volume         Rate        Total
-----------------------------------------------------------------------------------------------------------------------------------

Interest income:
     Time deposits in other banks                 $   --       $   --       $   --       $   --       $   --       $   --
     Federal funds sold and securities
        purchased under agreements to resell           (99)         343          244           24         (123)         (99)
-----------------------------------------------------------------------------------------------------------------------------------
         Total short-term investments                  (99)         343          244           24         (123)         (99)
                                                   --------------------------------------------------------------------------------

     U.S. Treasury and government agencies             110        1,292        1,402       (1,713)      (3,502)      (5,215)
     State and municipal *                              (7)         (51)         (58)        (180)         (12)        (192)
     Preferred stock *                              (2,678)       1,300       (1,378)       1,243         (811)         432
     Asset-backed securities                        (1,315)        (135)      (1,450)           1       (1,529)      (1,528)
     Other *                                         3,739        2,213        5,952        1,484           81        1,565
-----------------------------------------------------------------------------------------------------------------------------------
         Total investment securities                  (151)       4,619        4,468          835       (5,773)      (4,938)
                                                   --------------------------------------------------------------------------------

     Commercial, financial, and agricultural *      12,424       12,141       24,565       13,587       (7,409)       6,178
     Real estate-construction                        8,196        2,902       11,098        8,239       (1,417)       6,822
     Mortgage - commercial *                         5,325          325        5,650         (778)      (5,045)      (5,823)
     Mortgage - residential                          5,858          432        6,290        4,512       (5,830)      (1,318)
     Installment loans to individuals               11,476        3,876       15,352        6,888       (2,922)       3,966
-----------------------------------------------------------------------------------------------------------------------------------
         Total loans                                43,279       19,676       62,955       32,448      (22,623)       9,825
-----------------------------------------------------------------------------------------------------------------------------------
         Total interest income                    $ 43,029     $ 24,638     $ 67,667     $ 33,307     $(28,519)    $  4,788
                                                   ================================================================================

Interest expense:
     Savings                                      $   (564)    $   (976)    $ (1,540)    $    119     $ (1,896)    $ (1,777)
     Interest-bearing demand                        (1,080)         678         (402)       3,903       (5,033)      (1,130)
     Certificates under $100,000                    (7,841)        (525)      (8,366)      (3,855)      (5,159)      (9,014)
     Certificates $100,000 and over                 38,523       16,491       55,014        7,993       (2,314)       5,679
-----------------------------------------------------------------------------------------------------------------------------------
         Total interest-bearing deposits            29,038       15,668       44,706        8,160      (14,402)      (6,242)
                                                   --------------------------------------------------------------------------------

     Federal funds purchased and securities
        sold under agreements to repurchase              1       13,561       13,562        4,073       (3,794)         279
     U.S. Treasury demand                              405          379          784         (660)         129         (531)
-----------------------------------------------------------------------------------------------------------------------------------
         Total short-term borrowings                   406       13,940       14,346        3,413       (3,665)        (252)
                                                   --------------------------------------------------------------------------------
     Long-term debt                                   --           --           --          2,523          992        3,515
-----------------------------------------------------------------------------------------------------------------------------------
         Total interest expense                   $ 29,444     $ 29,608     $ 59,052     $ 14,096     $(17,075)    $ (2,979)
                                                   =================================================================================

Changes in net interest income                                             $  8,615                                $  7,767
                                                                            =======                                ========
</TABLE>
-----------------------------
*    Variances are calculated on a fully tax-equivalent basis, which includes
     the effects of any disallowed interest expense deduction.

(1)  Changes attributable to volume are defined as a change in average balance
     multiplied by the prior year's rate.

     Changes attributable to rate are defined as a change in rate multiplied by
     the average balance in the applicable period for the prior year.

     A change in rate/volume (change in rate multiplied by change in volume)
     has been allocated to the change in rate.

                                      -9-
<PAGE>   13
The maturity distribution of Wilmington Trust's investment securities held to
maturity follows:



<TABLE>
<CAPTION>
                                                                         ----------------------------------------------------------
                                                                                   Market      Amortized            Weighted
December 31, 2000  (in thousands)                                                   Value           Cost       Average Yield
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>        <C>                     <C>
U.S. Treasury and government agencies:
     After 1 but within 5 years                                                    $ 9,984    $10,000                6.03%
     After 10 years                                                                    997      1,003                6.32
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                       10,981     11,003                6.06
----------------------------------------------------------------------------------------------------------------------------------
State and municipals:
     Within 1 year                                                                   1,328      1,324                5.82
     After 1 but within 5 years                                                        586        585                6.70
     After 5 but within 10 years                                                     2,837      2,690                6.02
     After 10 years                                                                  2,162      2,041                6.10
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                        6,913      6,640                6.06
----------------------------------------------------------------------------------------------------------------------------------
Asset-backed securities:
     After 1 but within 5 years                                                        131        130                8.43
     After 5 but within 10 years                                                     2,059      2,065                5.71
     After 10 years                                                                    --         --                   --
---------------------------------------------------------------------------------------------------------------------------------
        Total                                                                        2,190      2,195                5.87
----------------------------------------------------------------------------------------------------------------------------------
Other:
     After 10 years                                                                    900        900                3.53
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                          900        900                3.53
        Total investment securities held to maturity                               $20,984    $20,738                5.93%
===================================================================================================================================
</TABLE>

----------------------------
* There were no other securities held to maturity as of December 31, 1999 and
1998.

Note:    Weighted average yields are not on a tax-equivalent basis and are
         calculated using balances based on amortized cost.  Time categories
         not shown above indicate there are no investment securities maturing in
         that respective timeframe.

                                      -10-
<PAGE>   14




The maturity distribution of Wilmington Trust's investment securities available
for sale follows:
<TABLE>
<CAPTION>
                                                                                      Market        Amortized           Weighted
December 31, 2000                                                                      Value             Cost      Average Yield
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>            <C>                 <C>
U.S. Treasury and government agencies:
     Within 1 year                                                                 $  103,424    $  103,028              6.14 %
     After 1 but within 5 years                                                       365,643       363,948              5.65
     After 5 but within 10 years                                                      226,318       226,856              6.28
     After 10 years                                                                   183,547       184,435              6.02
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                         878,932       878,267              5.96
----------------------------------------------------------------------------------------------------------------------------------
State and municipals:
     Within 1 year                                                                         67            65              7.80
     After 5 but within 10 years                                                           80            80              7.25
     After 10 years                                                                    11,629        11,298              4.98
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                          11,776        11,443              5.01
----------------------------------------------------------------------------------------------------------------------------------
Preferred stock:
     Within 1 year                                                                     17,660        17,650              9.27
     After 1 but within 5 years                                                        26,844        28,614              7.56
     After 5 but within 10 years                                                       55,959        60,463              8.26
-----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                         100,463       106,727              8.25
-----------------------------------------------------------------------------------------------------------------------------------
Asset-backed securities:
     Within 1 year                                                                      --            --                   --
     After 1 but within 5 years                                                         --            --                   --
     After 5 but within 10 years                                                        6,012         5,988              6.40
     After 10 years                                                                   287,137       287,357              6.20
-----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                         293,149       293,345              6.21
-----------------------------------------------------------------------------------------------------------------------------------
Other:
     Within 1 year                                                                     40,966        40,728              5.16
     After 1 but within 5 years                                                        29,996        29,677              6.94
     After 5 but within 10 years                                                          505           500              7.50
     After 10 years                                                                    84,278        86,298              7.52
----------------------------------------------------------------------------------------------------------------------------------
        Total                                                                         155,745       157,203              7.17
----------------------------------------------------------------------------------------------------------------------------------
        Total investment securities available for sale                             $1,440,065    $1,446,985              6.30 %
====================================================================================================================================
</TABLE>

-----------------------
Note:    Weighted average yields are not on a tax-equivalent basis.
         Time categories not shown above indicate that there are no investment
         securities maturing in that respective timeframe.

                                      -11-
<PAGE>   15
The following is a summary of period-end loan balances by loan category:

<TABLE>
<CAPTION>
December 31  (in thousands)                                  2000             1999            1998            1997             1996
-----------------------------------------------------------------------------------------------------------------------------------

<S>                                                     <C>            <C>             <C>             <C>             <C>
Commercial, financial, and
          agricultural                                    1,622,654     $ 1,521,336     $ 1,370,566     $ 1,207,930     $ 1,237,061
Real estate-construction                                    372,702         303,734         211,733         145,097         123,111
Mortgage-commercial                                         990,433         919,297         869,442         884,146         862,974
Mortgage-residential                                        925,938         968,259         857,626         813,116         678,800
Installment loans to
          individuals                                     1,277,291       1,108,945       1,015,056         954,486         881,994
----------------------------------------------------------------------------------------------------------------------------------
          Total loans, gross                              5,189,018       4,821,571       4,324,423       4,004,775       3,783,940
Less:  unearned income                                         (609)         (1,492)         (4,790)        (10,840)        (12,456)
-----------------------------------------------------------------------------------------------------------------------------------
          Total loans                                   $ 5,188,409     $ 4,820,079     $ 4,319,633     $ 3,993,935     $ 3,771,484
====================================================================================================================================
</TABLE>

                                      -12-
<PAGE>   16
       The following table sets forth the allocation of Wilmington Trust's
reserve for loan losses for the past five years:




<TABLE>
<CAPTION>
                                      ---------------------------------------------------------------------------------------------
                                                                 2000                       1999                         1998
                                      -------------------------------    ------------------------    ------------------------------
                                                           % of loans                  % of loans                   % of loans
                                                              in each                     in each                      in each
                                                          category of                 category of                  category of
December 31  (in thousands)                    Amount       net loans      Amount       net loans       Amount       net loans
-----------------------------------------------------------------------------------------------------------------------------------

<S>                                           <C>         <C>              <C>          <C>            <C>           <C>
Commercial, financial, and agricultural       $34,712       31%           $27,463       32%           $27,083           32%
Real estate-construction                        3,941        7              3,327        6              2,407            5
Mortgage-commercial                            15,291       19             15,901       19             13,574           20
Mortgage-residential                              974       18              1,202       20              1,141           20
Installment loans to  individuals              16,731       25             15,559       23             15,797           23
Unallocated                                     5,090       --             13,473       --             11,904           --
-----------------------------------------------------------------------------------------------------------------------------------
           Total                              $76,739      100%           $76,925      100%           $71,906          100%
===================================================================================================================================
</TABLE>



<TABLE>
<CAPTION>
                                      ---------------------------------------------------------------------------------------------
                                                   1997                       1996
                                      ----------------------------    -------------------------------------------------------------
                                                        % of loans                 % of loans
                                                           in each                    in each
                                                       category of                category of
December 31  (in thousands)                 Amount       net loans      Amount      net loans
-----------------------------------------------------------------------------------------------------------------------------------

<S>                                        <C>          <C>           <C>         <C>
Commercial, financial, and agricultural    $27,023         30%       $22,770          33%
Real estate-construction                     1,977          4          2,000           3
Mortgage-commercial                         12,645         22         15,126          23
Mortgage-residential                           710         20            700          18
Installment loans to  individuals           12,440         24         12,283          23
Unallocated                                  9,010         --          1,482          --
-----------------------------------------------------------------------------------------------------------------------------------
           Total                           $63,805        100%       $54,361         100%
===================================================================================================================================
</TABLE>

                                      -13-
<PAGE>   17
An analysis of loan maturities and interest rate sensitivity of Wilmington
Trust's commercial and real estate construction loan portfolios follows:


<TABLE>
<CAPTION>
                                      ---------------------------------------------------------------------------------------------
                                                Less than    One through      Over        Total
December 31, 2000  (in thousands)               one year     five years    five years   gross loans
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>           <C>           <C>           <C>
Commercial, financial, and agricultural       $  967,920    $  414,950    $  239,784    $1,622,654
Real estate-construction                         205,156        97,045        70,501       372,702
-----------------------------------------------------------------------------------------------------------------------------------
               Total                          $1,173,076    $  511,995    $  310,285    $1,995,356
====================================================================================================================================
Loans with predetermined rate                 $  151,609    $  223,890    $  196,833    $  572,332
Loans with variable rate                       1,021,467       288,105       113,452     1,423,024
-----------------------------------------------------------------------------------------------------------------------------------
               Total                          $1,173,076    $  511,995    $  310,285    $1,995,356
====================================================================================================================================
</TABLE>


The following table presents a comparative analysis of the risk elements
contained in Wilmington Trust's loan portfolio at year-end(1):


<TABLE>
<CAPTION>
                                      ---------------------------------------------------------------------------------------------
December 31  (in thousands)                    2000       1999       1998      1997        1996
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                         <C>        <C>        <C>        <C>        <C>
Nonaccruing                                 $37,522     $29,184    $30,598    $28,669    $40,735

Restructuring                                 2,639          55       --           28       --

Past due 90 days or more                     13,500      16,520     18,558     15,523     20,440
-----------------------------------------------------------------------------------------------------------------------------------

       Total                                $53,661     $45,759    $49,156    $44,220    $61,175
====================================================================================================================================

Percent of total loans at year-end             1.03 %      0.95 %     1.14 %     1.11 %     1.62 %
====================================================================================================================================

Other real estate owned                     $   717     $   576    $ 1,532    $ 3,738    $ 5,131
====================================================================================================================================
</TABLE>

---------------------------------
(1)    The Corporation's policy for placing loans in nonaccrual status is
       discussed in footnote 1 to the Consolidated Financial Statements
       contained in the Corporation's Annual Report to Shareholders for the
       fiscal year ended December 31, 2000, which is incorporated by reference
       herein.

*      Restructured as nonaccrual, but not included in nonaccrual amount of
       $37,522.

                                      -14-
<PAGE>   18
The following table sets forth an analysis of Wilmington Trust's provision for
loan losses, together with chargeoffs and reserves for the five major portfolio
classifications included in its statement of condition(1):


<TABLE>
<CAPTION>
                                                    -------------------------------------------------------------------------------
For the year ended December 31  (in thousands)             2000       1999       1998       1997       1996
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>        <C>        <C>        <C>        <C>
Reserve for loan losses at beginning of period          $76,925    $71,906    $63,805    $54,361    $49,867
-----------------------------------------------------------------------------------------------------------------------------------

Loans charged off:
     Commercial, financial, and agricultural             15,360      3,737      2,189      6,105      3,811
     Real estate-construction                                50        129       --          184         94
     Mortgage - commercial                                  827        335        148        187      2,475
     Mortgage - residential                                 286        493        166        236        285
     Installment loans to individuals                     9,860     11,806     13,427      9,475      7,990
-----------------------------------------------------------------------------------------------------------------------------------
        Total loans charged off                          26,383     16,500     15,930     16,187     14,655
                                                    -------------------------------------------------------------------------------

Recoveries on amounts previously charged off:
     Commercial, financial, and agricultural              1,268        791        961        891      1,160
     Real estate-construction                                20         23          3          1          4
     Mortgage-commercial                                    238         56         35        948         17
     Mortgage-residential                                     8        123          3          1          1
     Installment loans to individuals                     2,763      3,026      3,029      2,290      1,967
-----------------------------------------------------------------------------------------------------------------------------------
        Total recoveries                                  4,297      4,019      4,031      4,131      3,149
                                                    -------------------------------------------------------------------------------
Net loans charged off                                    22,086     12,481     11,899     12,056     11,506
-----------------------------------------------------------------------------------------------------------------------------------
Current year's provision for loan losses                 21,900     17,500     20,000     21,500     16,000
-----------------------------------------------------------------------------------------------------------------------------------
Reserve for loan losses at end of period                $76,739    $76,925    $71,906    $63,805    $54,361
====================================================================================================================================
Ratio of net loans charged off to average loans            0.44 %     0.28 %     0.29 %     0.31 %     0.32 %
</TABLE>

(1)    The factors the Corporation considers in determining the amount of
       additions to its allowance for loan losses are discussed on page 27 of
       its Annual Report to Shareholders for the fiscal year ended December
       31, 2000, which is incorporated by reference herein.

                                      -15-
<PAGE>   19
The following table presents a summary of Wilmington Trust's deposits based on
average daily balances over the last three years:

<TABLE>
<CAPTION>
                                                -----------------------------------------------------------------------------------
                                                                 2000                     1999                        1998
                                                ---------------------      -------------------       ---------------------
                                                    Average   Average        Average   Average         Average     Average
For the year ended December 31 (in thousands)        amount      rate         Amount      rate          amount        rate
                                                -----------------------------------------------------------------------------------
<S>                                              <C>          <C>        <C>           <C>         <C>            <C>
Noninterest-bearing demand                       $  889,686        --%    $  856,171        --%     $  747,791          --%
Interest-bearing deposits:
     Savings                                        379,837      1.53        411,352      1.79         406,060        2.25
     Interest-bearing demand                      1,327,498      2.20      1,377,749      2.15       1,222,866        2.52
     Certificates under $100,000                    981,248      4.96      1,137,764      5.01       1,208,244        5.47
     Certificates $100,000 and over               1,692,782      6.41        983,340      5.43         842,368        5.67

-----------------------------------------------------------------------------------------------------------------------------------
     Total                                       $5,271,051               $4,766,376                $4,427,329
====================================================================================================================================
</TABLE>




The maturity of Wilmington Trust's time deposits of $100,000 or more is as
follows:


<TABLE>
<CAPTION>
                                                -----------------------------------------------------------------------------------
                                                   Certificates       All other interest-
December 31, 2000  (in thousands)                    of deposit          bearing deposits
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>                 <C>
Three months or less                                 $  931,330                $  505,159
Over three through six months                           654,110                        --
Over six through twelve months                           44,461                        --
Over twelve months                                        9,578                        --
-----------------------------------------------------------------------------------------------------------------------------------

     Total                                           $1,639,479                $  505,159
====================================================================================================================================
</TABLE>

                                      -16-
<PAGE>   20
<TABLE>
<CAPTION>
                                                                                    Securities sold
                                                                   Federal funds   under agreements   U.S. Treasury      Line of
                                                                       purchased      to repurchase    demand notes       credit
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>           <C>               <C>            <C>
2000

Balance at December 31                                                 $  865,645       $  233,800      $   30,757     $   17,000
Weighted average interest rate at balance sheet date                          6.3 %            5.5 %           5.4 %          7.1 %
Maximum amount outstanding at any month-end                            $1,026,600       $  242,686      $   94,625     $   25,000
approximate average amount outstanding during the period               $  875,976       $  207,669      $   43,453     $   18,852
Weighted average interest rate for average amounts
     outstanding during the period                                            6.5 %            5.4 %           6.1 %          7.0 %
-----------------------------------------------------------------------------------------------------------------------------------
1999

Balance at December 31                                                 $  701,720        $  269,138     $   95,000     $   25,000
Weighted average interest rate at balance sheet date                          5.8 %             4.3 %          4.2 %          6.5 %
Maximum amount outstanding at any month-end                            $1,040,095        $  269,138     $   95,000     $   25,000
approximate average amount outstanding during the period               $  911,937        $  183,396     $   35,643     $    7,137
Weighted average interest rate for average amounts
     outstanding during the period                                            5.2 %             4.2 %          5.2 %          6.6 %
-----------------------------------------------------------------------------------------------------------------------------------
1998

Balance at December 31                                                 $  668,200        $  264,146     $   18,944             --
Weighted average interest rate at balance sheet date                          5.2 %             4.1 %          4.0 %           -- %
Maximum amount outstanding at any month-end                            $1,121,850        $  264,146     $   99,350             --
approximate average amount outstanding during the period               $  821,144        $  206,040     $   49,338             --
Weighted average interest rate for average amounts
     outstanding during the period                                            5.6 %             4.7 %          4.8 %           -- %
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
-----------------

Federal funds purchased and securities sold under agreements to repurchase
generally mature within 90 days. U.S. Treasury demand notes mature overnight.


                                      -17-


<PAGE>   21

The following table presents the percentage of Wilmington Trust's funding
sources by deposit type:


<TABLE>
<CAPTION>
                                         --------------------------------------
(based on daily average balances)            2000          1999          1998
--------------------------------------------------------------------------------
<S>                                       <C>           <C>           <C>
Savings                                      5.92%         6.97%         7.38%

Interest-bearing demand                     20.69         23.33         22.22

Certificates of deposit                     41.67         35.92         37.26

Short-term borrowings                       17.86         19.28         19.56

Demand deposits                             13.86         14.50         13.58
--------------------------------------------------------------------------------
     Total                                 100.00%       100.00%       100.00%
================================================================================
</TABLE>


The following table presents an analysis of Wilmington Trust's return on assets
and return on equity over the last three years:


<TABLE>
<CAPTION>
                                         --------------------------------------
                                            2000           1999           1998
--------------------------------------------------------------------------------
<S>                                      <C>            <C>            <C>
Return on assets                            1.68%          1.60%          1.83

Return on stockholders' equity             22.76          20.18          21.70

Dividend payout                            47.33          50.61          44.87

Equity to asset                             7.37           7.95           8.42
================================================================================
</TABLE>


                                      -18-
<PAGE>   22
            Regulatory Matters
            ------------------

            The following is a summary of laws and regulations applicable to
Wilmington Trust and the Banks. It does not purport to be complete, and is
qualified by reference to those laws and regulations.

            General
            -------

            Wilmington Trust is a bank holding company and a thrift holding
company, and the Banks are depository institutions whose deposits are insured by
the Federal Deposit Insurance Corporation (the "FDIC"). Federal statutes
applicable to Wilmington Trust and the Banks include the Federal Reserve Act,
the Federal Deposit Insurance Act, and the Bank Holding Company Act (the
"BHCA"). Wilmington Trust and the Banks are regulated and supervised at the
Federal level by the Federal Reserve Board, the FDIC, and the Office of Thrift
Supervision (the "OTS"). In addition, Wilmington Trust, WTC, and WTPA are
subject to supervision and regulation by state authorities.

            BHCA
            ----

            Under the BHCA and the Federal Reserve Board's (the "FRB's")
regulations, the FRB's approval is required before a bank holding company may
acquire "control" of a bank. The BHCA defines "control" of a bank to include
ownership or the power to vote 25% or more of any class of a bank's voting
stock, the ability to otherwise control the election of a majority of a bank's
directors or the power to exercise a controlling influence over a bank's
management or policies. In addition, the FRB's prior approval is required for:

            -     Any action that causes a bank or other company to become a
                  bank holding company;

            -     Any action that causes a bank to become a subsidiary of a bank
                  holding company;

            -     The acquisition by a bank holding company of ownership or
                  control of any voting securities of a bank or bank holding
                  company, if that acquisition results in the acquiring bank
                  holding company's control of more than five percent of the
                  outstanding shares of any class of voting securities of the
                  target bank or bank holding company;

            -     The acquisition by a bank holding company or one of its
                  subsidiaries, other than a bank, of all or substantially all
                  of a bank's assets; or

            -     The merger or consolidation of bank holding companies,
                  including a merger through a purchase of assets and assumption
                  of liabilities.

Accordingly, before obtaining "control" of Wilmington Trust, a potential bank
holding company would need to obtain the FRB's prior approval under the BHCA or
the FRB's regulations under the Federal Bank Control Act.

            A bank holding company and its subsidiaries generally may not, with
certain exceptions, engage in, acquire, or control voting securities or assets
of a company engaged in any activity other than (1) banking or managing or
controlling banks and other subsidiaries authorized under the BHCA and (2) any
BHCA activity the FRB determines to be so closely related to banking or managing
or controlling banks to be a proper incident thereto. These include any
incidental activities necessary to carry on those activities, as long as the
bank holding company has obtained the FRB's prior approval. The FRB has approved
a lengthy list of activities permissible for bank holding companies and their
non-banking subsidiaries. Those include:


                                      -19-
<PAGE>   23
            -     Making, acquiring, and servicing loans and other extensions of
                  credit;

            -     Performing functions a trust company can perform;

            -     Acting as an investment or financial advisor;

            -     Performing certain insurance agency and underwriting
                  activities directly related to extensions of credit by the
                  holding company or its subsidiaries and engaging in insurance
                  agency activities in towns of 5,000 or less;

            -     Performing appraisals of real estate and tangible and
                  intangible personal property;

            -     Acting as an intermediary for the financing of commercial and
                  industrial income-producing real estate;

            -     Providing certain securities brokerage services;

            -     Underwriting and dealing in government obligations and money
                  market instruments; and

            -     Providing tax planning and preparation services.

            In addition, under the BHCA, a bank holding company that meets
certain qualifications can elect to become a financial holding company. A
financial holding company can engage in additional activities not otherwise
permitted for a bank holding company, generally without obtaining the FRB's
prior approval. These include engaging in, acquiring, or controlling voting
securities or assets of a company engaged in securities underwriting and
distribution, merchant banking, certain insurance activities, and other
activities FRB determines (1) to be financial in nature or incidental to that
financial activity or (2) are complementary to a financial activity and do not
pose a substantial risk to the company's or the financial system's safety and
soundness.

            To qualify to become a financial holding company, a bank holding
company's depository institutions must all be "well-managed" and
"well-capitalized," and have at least a "satisfactory" rating under the
Community Reinvestment Act.

            In December 2000, Wilmington Trust became a financial holding
company. Its status as a financial holding company should permit greater
flexibility in the future growth of its fee business.

            Interstate Banking Act
            ----------------------

            Under the Riegle-Neal Interstate Banking and Branching Efficiency
Act of 1994 (the Interstate Banking Act"), adequately capitalized and managed
bank holding companies are permitted to acquire a bank in any state, subject to
regulatory approval and certain limitations, and regardless of certain state law
restrictions such as reciprocity requirements and regional compacts. States
cannot "opt out" of these interstate acquisition provisions.

            In addition, under the Interstate Banking Act, bank holding
companies are permitted to merge banks operating in different states, subject to
regulatory approval and certain limitations, as long as neither bank is
headquartered in a state that "opted out" of those provisions.

            Under the Interstate Banking Act, states may permit de novo
branching or acquisitions of existing branches by out-of-state banks within
their borders. Delaware opted in to the provisions of the Interstate Banking Act
permitting banks operating in different states to be merged, but opted out of de
novo branching.


                                      -20-
<PAGE>   24
            Safety and Soundness Limitations
            --------------------------------

            As a bank holding company, Wilmington Trust is required to conduct
its operations in a safe and sound manner. If the FRB believes that an activity
of a bank holding company or control of a nonbank subsidiary, other than a
nonbank subsidiary of a bank, presents a serious risk to the financial safety,
soundness, or stability of a subsidiary bank of the bank holding company and is
inconsistent with sound banking practices or the purposes of the BHCA or certain
other Federal banking statutes, the FRB may require the bank holding company to
terminate the activity or the holding company's control of the subsidiary.

            Sections 23A and 23B of the Federal Reserve Act establish standards
for the terms of, limit the amount of, and establish collateral requirements
with respect to, loans and other extensions of credit to and investments in
affiliates by the Banks. The Banks are "affiliates" of Wilmington Trust and each
other for purposes of the Federal Reserve Act. In addition, the Federal Reserve
Act and the FRB's regulations limit the amounts of, and establish required
procedures and credit standards with respect to, loans and other extensions of
credit to directors, officers, and principal shareholders of Wilmington Trust
and its subsidiaries, and to related interests of those persons.

            Capital Standards
            -----------------

            The FRB and the other Federal banking agencies have adopted
"risk-based" capital standards to assist in assessing the capital adequacy of
bank holding companies and banks under those agencies' jurisdiction. Those
risk-based capital standards include both a definition of capital and a
framework for calculating "risk-weighted" assets by assigning assets and
off-balance-sheet items to broad, risk-weighted categories. An institution's
risk-based capital ratio is calculated by dividing its qualifying capital by its
risk-weighted assets. At least one-half of risk-based capital must consist of
Tier 1 capital (generally including common stockholders' equity, qualifying
cumulative and noncumulative perpetual preferred stock, and minority interests
in consolidated subsidiaries). The FRB also adopted minimum leverage ratios of
"Tier 1" capital to total assets. At December 31, 2000, Wilmington Trust and the
Banks were all well-capitalized, with capital levels in excess of applicable
risk-based and leverage thresholds.

            FDIC Insurance and Regulation
            -----------------------------

            The FDIC insures deposits in the Banks up to applicable limits.
Neither Wilmington Trust nor its subsidiaries are required to pay FDIC insurance
premiums.

            The FDIC may impose sanctions on any insured depository institution
that does not operate in accordance with the FDIC's regulations, policies, or
directives. The FDIC may institute cease-and-desist proceedings against an
insured institution or holding company it believes to be engaged in unsafe and
unsound practices, including violations of laws and regulations. The FDIC also
has the authority to terminate deposit insurance coverage, after notice and
hearing, if it determines that an insured institution is or has engaged in an
unsafe or unsound practice that has not been corrected, is in an unsafe or
unsound condition to continue operation, or has violated any law, regulation,
rule, or order of, or condition, imposed by, the FDIC. Wilmington Trust is not
aware of any past or current practice, condition, or violation that might lead
to termination of the deposit insurance coverage of any of the Banks or any
proceeding against any of the Banks or any of their respective directors,
officers, or staff members.

            The Federal Deposit Insurance Corporation Improvement Act of 1991
(the "Improvement Act") requires annual on-site examinations of insured
depository institutions, and authorizes the Federal examining agency to take
prompt corrective action to resolve an institution's problems. The nature and


                                      -21-
<PAGE>   25
extent of the corrective action depends primarily on the institution's capital
level. Options available include:

            -     Requiring recapitalization of or a capital restoration plan
                  from the institution;

            -     Restricting transactions between the institution and its
                  affiliates;

            -     Restricting interest rates, asset growth, activities, and
                  investments in the institution's subsidiaries; and

            -     Ordering a new election of directors, dismissing directors or
                  senior executive officers, and requiring the employment of
                  qualified senior executive officers.

            The holding company of a depository institution may be required to
guarantee compliance with the institution's capital restoration plan and provide
assurance of performance under such a plan.

            Dividend Limitations
            --------------------

            The FRB's policy generally is that banks and bank holding companies
should not pay dividends unless the institution's prospective earnings retention
rate is consistent with its capital needs, asset quality, and overall financial
condition. FRB policy also is that bank holding companies should be a source of
managerial and financial strength to their subsidiary banks. Accordingly, the
FRB believes that those subsidiary banks should not be compromised by a level of
cash dividends that places undue pressure on their capital.

            The FDIC can prohibit a bank from paying dividends if it believes
the dividend payment would constitute an unsafe or unsound practice. Federal law
also prohibits dividend payments that would result in a bank failing to meet its
applicable capital requirements. Delaware law restricts WTC from declaring
dividends that would impair its stated capital.

            OTS regulations limit capital distributions by a savings
institution. A savings institution must give notice to the OTS at least 30 days
before a proposed capital distribution. A savings institution that has capital
in excess of all of its regulatory capital requirements before and after a
proposed capital distribution and that is not otherwise restricted in making
capital distributions may, after that prior notice but without the OTS's
approval, make capital distributions during a calendar year equal to the greater
of (1) 100% of its net income to date during the calendar year plus an amount
that would reduce by one-half its "surplus capital ratio" (i.e., its excess
capital over its capital requirements) at the beginning of the calendar year or
(2) 75% of its net income for the previous four quarters. Any additional capital
distributions require prior OTS approval.

            Other Laws and Regulations
            --------------------------

            The lending and deposit-taking activities of the Banks are subject
to a variety of Federal and state consumer protection laws, including:

            -     The Truth-in-Lending Act (which principally mandates certain
                  disclosures in connection with loans made for personal,
                  family, or household purposes and imposes substantive
                  restrictions with respect to home equity lines of credit);

            -     The Truth-in-Savings Act (which principally mandates certain
                  disclosures in connection with deposit-taking activities);


                                      -22-
<PAGE>   26
            -     The Equal Credit Opportunity Act (which prohibits
                  discrimination in all aspects of credit-granting);

            -     The Fair Credit Reporting Act (which requires a lender to
                  disclose the name and address of the credit bureau from whom
                  the lender obtained a report that resulted in a denial of
                  credit);

            -     The Real Estate Settlement Procedures Act (which requires
                  residential mortgage lenders to provide loan applicants with
                  closing cost information shortly after the time of application
                  and prohibits referral fees in connection with real estate
                  settlement services);

            -     The Electronic Funds Transfer Act (which requires certain
                  disclosures in connection with electronic funds transactions);
                  and

            -     The Expedited Funds Availability Act (which requires that
                  deposited funds be made available for withdrawal in accordance
                  with a prescribed schedule and that the schedule be disclosed
                  to customers).

            Under the Community Reinvestment Act and the Fair Housing Act,
depository institutions are prohibited from certain discriminatory practices
that limit or withhold services to individuals residing in economically
depressed areas. In addition, the CRA imposes certain affirmative obligations to
provide lending and other financial services to those individuals. CRA
performance is considered by all of the Federal regulatory agencies in reviewing
applications to relocate an office, mergers and acquisitions of financial
institutions, and establishing new branch or deposit facilities.

            Federal legislation has permanently pre-empted all state usury laws
on residential first mortgage loans made by insured depository institutions in
any state that did not override that preemption. Although some states overrode
that preemption, Delaware, Florida, Maryland, and Pennsylvania did not.
Accordingly, there is currently no limit on the interest rate that the Banks can
charge on such loans governed by the laws of those states. In addition, the
usury limitations of the Banks' respective home states apply to all other loans
the Banks offer nationwide. In today's interest rate environment, those usury
laws do not materially affect the Banks' lending programs.

            Delaware Law
            ------------

            Delaware's business and legal environments historically have
contributed to Wilmington Trust's and WTC's operating results. A substantial
percentage of large pharmaceutical and chemical companies and other Fortune 500
companies are headquartered in Delaware. Delaware's Court of Chancery is widely
recognized for its interpretations of corporate law.

            In addition, Delaware law affords several advantages for trust
administration that have helped contribute to Wilmington Trust's and WTC's
operating results. In general, a trust governed by Delaware law can be
administered more economically, for a longer period of time, and with a more
flexible investment philosophy than in many other jurisdictions. In addition,
although some jurisdictions have attempted to impose taxes on Delaware trusts
with beneficiaries resident in those jurisdictions, Delaware does not impose any
tax on those trusts.


                                      -23-
<PAGE>   27
ITEM 2 - PROPERTIES

            Wilmington Trust owns and/or leases buildings that are used in the
normal course of business by the Banks and its other subsidiaries. The main
office of Wilmington Trust and WTC is located at Rodney Square North, 1100 North
Market Street, Wilmington, Delaware 19890. Wilmington Trust and most of its
subsidiaries occupy 265,000 square feet of space at this location, known as the
Wilmington Trust Center. It is owned by Rodney Square Investors, L.P., in which
WTC has a 50% ownership interest through one of its subsidiaries. WTC carries
the mortgage for this facility, which had an outstanding balance of $29,255,048
at December 31, 2000.

            A separate, unencumbered, 300,000-square foot operations facility
known as the Wilmington Trust Plaza is owned by a subsidiary of WTC. This
facility is located at 301 West Eleventh Street, Wilmington, Delaware 19801.


            As of December 31, 2000, the Banks had 54 branches in the following
locations:

            -     Twenty-three are in New Castle County, seven in Kent County,
                  and 15 are in Sussex County, Delaware;

            -     One is in each of Bucks, Chester, Delaware, Montgomery, and
                  Philadelphia Counties, Pennsylvania;

            -     One is in Wicomico County, Maryland; and

            -     One is in each of Martin, Palm Beach, and Indian River
                  Counties, Florida.

            WTC also operates a sales office in leased facilities in London,
England, and, through its subsidiaries, trust offices in the Cayman Islands and
the Channel Islands. WTFSB operates trust agency offices in leased facilities in
New York City, New York, Las Vegas, Nevada, and Santa Monica, California, and a
sales office in Boca Raton, Florida.

            All of Wilmington Trust's reporting segments operate at Wilmington
Trust Center. Wilmington Trust's fee and banking reporting segments primarily
operate its branches, and its fee reporting segment operates its trust agency
offices.

ITEM 3 - LEGAL PROCEEDINGS

            Wilmington Trust and its subsidiaries are involved in various legal
proceedings in the ordinary course of business. While it is not feasible to
predict the outcome of all pending suits and claims, management does not believe
that the ultimate resolution of any of these matters will have a material
adverse effect on Wilmington Trust's consolidated financial condition.


                                      -24-
<PAGE>   28
ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

            No matter was submitted to a vote of security holders by
solicitation of proxies or otherwise during the fourth quarter of 2000.


                                     PART II

ITEM 5 - MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED SHAREHOLDER MATTERS

            Information required by this item is contained on page 28 of the
Management's Discussion and Analysis portion of Wilmington Trust's Annual Report
to Shareholders, which is incorporated by reference herein. See also "Item 1 -
Business."


                                      -25-
<PAGE>   29
ITEM 6 - SELECTED FINANCIAL DATA

The following table sets forth selected financial data for the last five years:
(in thousands, except per share information)

<TABLE>
<CAPTION>
                             2000             1999             1998             1997             1996
                          ----------       ----------       ----------       ----------       ----------
<S>                     <C>              <C>              <C>              <C>              <C>
Interest income         $  530,454       $  462,176       $  456,939       $  430,639       $  402,850

Net interest income        255,139          245,913          237,697          230,016          214,221

Provision for loan
losses                      21,900           17,500           20,000           21,500           16,000

Net income                 120,939          107,297          114,325          106,044           97,278

Per share data:

Net income-basic              3.74             3.26             3.41             3.15             2.83

Net income-diluted            3.70             3.21             3.34             3.08             2.79

Cash dividends
declared                      1.77             1.65             1.53             1.41             1.29

Balance sheet at
year-end:

Assets                  $7,321,616       $7,201,944       $6,300,565       $6,122,351       $5,564,409

Long-term debt             168,000          168,000          168,000           43,000           43,000
                         ---------         --------         --------          -------          -------

</TABLE>


                                      -26-
<PAGE>   30
ITEM 7 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATION

      The information required by this item is contained on pages 17 to 31 of
Wilmington Trust's Annual Report to Shareholders for 2000, which are
incorporated by reference herein.


ITEM 7A - QUALITATIVE AND QUANTITATIVE DISCLOSURE ABOUT MARKET RISK

      The information required by this item is contained on pages 24 and 25 of
Wilmington Trust's Annual Report to Shareholders for 2000, which is incorporated
by reference herein.

ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

      The following information required by this item is contained on the
respective pages indicated of Wilmington Trust's Annual Report to Shareholders
for 2000. Those pages are incorporated by reference herein.

<TABLE>
<CAPTION>
                                                                    Annual Report
                                                                  to Shareholders
                                                                      Page Number
<S>                                                               <C>
Consolidated Statements of Condition as
      of December 31, 2000 and 1999                                       34

Consolidated Statements of Income
      for the years ended December 31,
      2000, 1999, and 1998                                                35

Consolidated Statements of Changes in Stock-
      holders' Equity for the years ended
      December 31, 2000, 1999, and 1998                                   36

Consolidated Statements of Cash Flows
      for the years ended December 31,
      2000, 1999, and 1998                                                37

Notes to Consolidated Financial
      Statements - December 31,
      2000, 1999, and 1998                                                38-59

Report of Independent Auditors                                            60

Unaudited Selected Quarterly Financial Data                               55
</TABLE>


                                      -27-
<PAGE>   31
ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

     In February 2001, at Ernst & Young's initiative, it and Wilmington Trust
mutually agreed that Ernst & Young would not continue as the company's
independent accountants after completion of Wilmington Trust's annual audit for
2000.

      The reports Ernst & Young on the financial statements of Wilmington Trust
for the past two fiscal years contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.

      In connection with the audits of Wilmington Trust's financial statements
for each of the two years ended December 31, 2000, there were no disagreements
with Ernst & Young on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure which, if not
resolved Ernst & Young's satisfaction, would have caused Ernst & Young to make a
reference to the matter in their report.

     On March 21, 2001, Wilmington Trust engaged KPMG LLP to act as its auditors
for the fiscal year ended December 31, 2001. Wilmington Trust's Board of
Directors approved KPMG's engagement previously following the recommendation of
its Audit Committee. Wilmington Trust did not consult KPMG regarding the
application of accounting principles to a specified transaction, whether
contemplated or proposed, the type of audit opinion that might be rendered on
Wilmington Trust's financial statements or any matter that was the subject of a
disagreement or a reportable event as contemplated by Item 304 of Regulation
S-K.

                                    PART III

ITEM 10 - DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

      The information required by Item 401 of Regulation S-K is contained on
pages 4 to 9 of Wilmington Trust's proxy statement for its Annual Shareholders'
Meeting to be held on May 17, 2001 (the "Proxy Statement"), which are
incorporated by reference herein.

      Information required by Rule 405 of Regulation S-K is contained on page 21
of the Proxy Statement, which is incorporated by reference herein.

ITEM 11 - EXECUTIVE COMPENSATION

      The information required by this item is contained on pages 13 to 19 of
the Proxy Statement, which are incorporated by reference herein.

ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

      The information required by this item is contained on pages 11 and 12 of
the Proxy Statement, which are incorporated by reference herein.

ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

      The information required by this item is contained on pages 20 and 21 of
the Proxy Statement, which are incorporated by reference herein.


                                      -28-
<PAGE>   32
                                     PART IV

ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

      The following documents are filed as part of this report:

1.    Financial Statements.  The following Consolidated Financial Statements
      and Report of Independent Auditors of Wilmington Trust are incorporated
      by reference in Item 8 above:






<TABLE>
<CAPTION>
                                                                    Annual Report
                                                                  to Shareholders
                                                                      Page Number
<S>                                                               <C>
      Consolidated Statements of Condition as
      of December 31, 2000 and 1999                                     34

      Consolidated Statements of Income for
      each of the years in the three-year period
      ended December 31, 2000                                           35

      Consolidated Statements of Changes in
      Stockholders' Equity for each of the years
      in the three-year period ended December 31, 2000                  36

      Consolidated Statements of Cash Flows for
      each of the years in the three-year period
      ended December 31, 2000                                           37

      Notes to Consolidated Financial Statements                        38-59

      Report of Independent Auditors                                    60
</TABLE>


2.    Financial Statement Schedules.  No financial statement schedules are
      required to be filed as part of this report.

3.    Financial Statement Exhibits. The exhibits listed below have been filed or
      are being filed as part of this report. Any exhibit will be made available
      to any shareholder upon receipt of a written request therefore, together
      with payment of $.20 per page for duplicating costs.


                                      -29-
<PAGE>   33
<TABLE>
<CAPTION>
Exhibit
Number      Exhibit
------      -------
<S>         <C>
3.1         Amended and Restated Certificate of Incorporation of the
            Corporation(8)

3.2         Amended and Restated Bylaws of the Corporation (11)

4.1         1991 Employee Stock Purchase Plan(1)

4.2         1996 Employee Stock Purchase Plan (8)

4.3         2000 Employee Stock Purchase Plan (11)

4.4         1983 Employee Stock Option Plan (1)

4.5         1988 Long-Term Incentive Stock Option Plan (1)

4.6         1991 Long-Term Incentive Stock Option Plan (1)

4.7         1996 Long-Term Incentive Plan (8)

4.8         1999 Long-Term Incentive Plan (10)

4.9         2001 Non-Employee Directors' Stock Option Plan (12)

4.10        Thrift Savings Plan (1)

4.11        Amended and Restated Thrift Savings Plan (12)

4.12        First Amendment to the Wilmington Trust Thrift Savings Plan (12)

4.13        Employee Stock Ownership Plan (1)

4.14        Senior Executive Incentive Compensation Plan (6)

4.15        Executive Incentive Plan (10)

10.1        Purchase and Assumption Agreement dated June 18, 1991 by and between
            Wilmington Trust Company and Wilmington Savings Fund Society (2)

10.2        Agreement of Reorganization and Merger dated as of April 8, 1991 by
            and among Wilmington Trust Company, Wilmington Trust Corporation and
            The Sussex Trust Company (3)

10.3        Deposit Insurance and Transfer and Asset Purchase Agreement among
            the Federal Deposit Insurance Corporation in its capacity as
            receiver for The Bank of the Brandywine Valley, the Federal Deposit
            Insurance Corporation, and Wilmington Trust Company dated as of
            February 21, 1992 (4)

10.4        Agreement of Reorganization and Merger dated as of March 18, 1993
            between Wilmington Trust Corporation and Freedom Valley Bank (5)

10.5        Rights Agreement dated as of January 19, 1996 between Wilmington
            Trust Corporation and Harris Trust and Savings Bank (7)

10.6        Supplemental Executive Retirement Plan (8)

10.7        Amended and Restated Supplemental Executive Retirement Plan (11)

10.8        Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Ted T. Cecala (8)

10.9        Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Robert J. Christian (8)

10.10       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Howard K. Cohen (8)

10.11       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and William J. Farrell II (8)

10.12       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and David R. Gibson (8)
</TABLE>


                                      -30-
<PAGE>   34
<TABLE>
<S>         <C>
10.13       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Robert V.A. Harra Jr.(8)

10.14       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Hugh D. Leahy Jr. (8)

10.15       Severance Agreement dated as of February 29, 1996 between Wilmington
            Trust Company and Robert A. Matarese (8)

10.16       Severance Agreement dated as of July 18, 1996 between Wilmington
            Trust Company and Rita C. Turner (9)

10.17       Severance Agreement dated as of June 28, 1999 between Wilmington
            Trust Company and Rodney P. Wood (11)

10.18       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Ted T. Cecala (12)

10.19       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Robert J. Christian (12)

10.20       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Howard K. Cohen (12)

10.21       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and William J. Farrell, II (12)

10.22       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and David R. Gibson (12)

10.23       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Robert V.A. Harra, Jr. (12)

10.24       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Hugh D. Leahy, Jr. (12)

10.25       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Robert A. Matarese (12)

10.26       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Rita C. Turner (12)

10.27       Amendment No. 1 to Severance Agreement dated as of December 19, 2000
            between Wilmington Trust Company and Rodney P. Wood (12)

11          Statement re computation of per share earnings (12)

13          2000 Annual Report to Shareholders of Wilmington Trust Corporation
            (12)

21          Subsidiaries of Wilmington Trust Corporation (12)

23          Consent of independent auditor (12)
</TABLE>


(1)   Incorporated by reference to the corresponding exhibit to Amendment No. 1
      to the Report on Form S-8 of Wilmington Trust Corporation filed on October
      31, 1991.

(2)   Incorporated by reference to the exhibit to the Current Report on Form 8-K
      of Wilmington Trust Corporation filed on January 2, 1992.

(3)   Incorporated by reference to the exhibit to the Current Report on Form 8-K
      of Wilmington Trust Corporation filed on February 3, 1992.

(4)   Incorporated by reference to the exhibit to the Current Report on Form 8-K
      of Wilmington Trust Corporation filed on February 25, 1992.

(5)   Incorporated by reference to the corresponding exhibit to the Annual
      Report on Form 10-K of Wilmington Trust Corporation filed on March 23,
      1993.

(6)   Incorporated by reference to the corresponding exhibit to the Annual
      Report on Form 10-K of Wilmington Trust Corporation filed on March 31,
      1993.

(7)   Incorporated by reference to the exhibit to the Report on Form 8-A of
      Wilmington Trust Corporation filed on January 31, 1995.

(8)   Incorporated by reference to the corresponding exhibit to the Annual
      Report on Form 10-K of Wilmington Trust Corporation filed on March 30,
      1996.


                                      -31-
<PAGE>   35
(9)   Incorporated by reference to the corresponding exhibit to the Annual
      Report on Form 10-K of Wilmington Trust Corporation filed on March 28,
      1997.

(10)  Incorporated by reference to Exhibit A to the proxy statement of
      Wilmington Trust Corporation dated March 22, 1999 filed on March 31, 1999.

(11)  Incorporated by reference to the corresponding exhibit to the Annual
      Report on Form 10-K of Wilmington Trust Corporation filed on March 30,
      2000.

(12)  Filed herewith.


                                      -32-
<PAGE>   36
Act of 1934, this Form has been signed by the following persons in the
capacities and as of the dates indicated.


                                          /s/ Ted T. Cecala
                                          ----------------------------
                                          Ted T. Cecala
                                          Director, Chairman of the Board,
                                          and Chief Executive Officer

                                          (Date)  March 21, 2001

                                          /s/ Robert V.A. Harra, Jr.
                                          ----------------------------
                                          Robert V. A. Harra, Jr.
                                          Director, President,
                                          Chief Operating Officer, and Treasurer

                                          (Date)  March 21, 2001

                                          /s/ David R. Gibson
                                          ----------------------------
                                          David R. Gibson
                                          Senior Vice President and
                                          Chief Financial Officer

                                          (Date)  March 21, 2001

                                          /s/ Gerald F. Sopp
                                          ----------------------------
                                          Gerald F. Sopp
                                          Controller

                                          (Date) March 21, 2001

                                          /s/ Carolyn S. Burger
                                          ----------------------------
                                          Carolyn S. Burger
                                          Director

                                          (Date)  March 21, 2001

                                           /s/ Richard R. Collins
                                          ----------------------------
                                          Richard R. Collins
                                          Director

                                          (Date)  March 21, 2001

                                          /s/ Charles S. Crompton, Jr.
                                          ----------------------------
                                          Charles S. Crompton, Jr.
                                          Director
                                          (Date)  March 21, 2001


                                      -33-
<PAGE>   37
                                          /s/ H. Stewart Dunn, Jr.
                                          ----------------------------
                                          H. Stewart Dunn, Jr.
                                          Director

                                          (Date)  March 21, 2001


                                          /s/ Edward B. duPont
                                          ----------------------------
                                          Edward B. du Pont
                                          Director

                                          (Date)  March 21, 2001

                                          /s/ R. Keith Elliott
                                          ----------------------------
                                          R. Keith Elliott
                                          Director

                                          (Date)  March 21, 2001

                                          /s/ Rex L. Mears
                                          ----------------------------
                                          Rex L. Mears
                                          Director

                                          (Date)  March 21, 2001

                                           /s/ Hugh E. Miller
                                          ----------------------------
                                          Hugh E. Miller
                                          Director

                                          (Date)  March 21, 2001

                                           /s/ Stacey J. Mobley
                                          ----------------------------
                                          Stacey J. Mobley
                                          Director

                                          (Date)  March 21, 2001


                                          ----------------------------
                                          Leonard W. Quill
                                          Director

                                          (Date)  March 21, 2001



                                      -34-
<PAGE>   38
                                          /s/ David P. Roselle
                                          ----------------------------
                                          David P. Roselle
                                          Director

                                          (Date)  March 21, 2001


                                          ----------------------------
                                          H. Rodney Sharp, III
                                          Director

                                          (Date)  March 21, 2001

                                          /s/ Thomas P. Sweeney
                                          ----------------------------
                                          Thomas P. Sweeney
                                          Director

                                          (Date)  March 21, 2001

                                          /s/ Robert W. Tunnell, Jr.
                                          ----------------------------
                                          Robert W. Tunnell, Jr.
                                          Director

                                          (Date)  March 21, 2001


                                      -35-