WL Wilmington Trust Corp. (DE)

News reports that list Wilmington Trust Company among the largest unsecured creditors of American Home Mortgage are incorrect. Wilmington Trust Company, the principal subsidiary of Wilmington Trust Corporation (NYSE:WL), provides trustee services for some of American Home�s creditors, but these services do not include making loans. �Wilmington Trust has no credit exposure whatsoever to American Home Mortgage,� said Ted Cecala, Wilmington Trust�s chairman and chief executive officer. �American Home Mortgage�s bankruptcy filing does not affect our balance sheet or bottom line, and it poses absolutely no credit risk to us.� American Home Mortgage�s bankruptcy filing, made this morning in U.S. Bankruptcy Court in Wilmington, Del., clearly lists Wilmington Trust �as trustee.� As trustee, Wilmington Trust performs administrative services as specified in documents that govern the trusts. These services, which the company provides through its Corporate Client Services business, do not include extending credit. Wilmington Trust Corporation (NYSE:WL) is a financial services holding company that provides Regional Banking services throughout the Delaware Valley region, Wealth Advisory Services for high-net-worth clients in 36 countries, and Corporate Client Services for institutional clients in 86 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, and Luxembourg. For more information, visit www.wilmingtontrust.com.