On September 11, 2014, the SEC instituted administrative proceedings against Wilmington Trust Company. The SEC alleges that the Company made "false and misleading disclosures ... concerning its accruing loans past due 90 days or more."

On September 11, 2014, the SEC announced accounting and disclosure fraud charges against Delaware-based bank holding company Wilmington Trust Company ("Wilmington Trust"), which was acquired by M&T Bank in May 2011, for failing to report the true volume of its loans at least 90 days past due as they substantially increased in number during the financial crisis. According to the SEC's order instituting a settled administrative proceeding, which was entered with Wilmington Trust's consent, the company agreed to pay $18.5 million in disgorgement and prejudgment interest.

The Court stated: "IT IS ORDERED that Miller Kaplan . . . is appointed the Tax Administrator for the QSF in the above-referenced proceeding."

The SEC stated: "[I]t is hereby ORDERED, that Epiq is appointed as the fund administrator . . . and the administrator shall obtain a bond in the amount of $62,539,185.09."

The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has submitted to the Commission a proposed plan of distribution (the "Plan") for the distribution of monies paid in the above-captioned matter."

The Commission stated: "The Division of Enforcement (“Division”) submits this proposed plan of distribution (the “Plan”) . . . [T]he Plan provides for the distribution of the funds collected in the above-referenced proceeding from Wilmington Trust Corporation ("WTC" or "Respondent") to investors who purchased or otherwise acquired shares of WTC common stock during the period January 18, 2008 through October 31, 2010 (the "Relevant Period") and who suffered losses due to the conduct of the Respondent described in the Order."

The SEC stated: "[I]t is hereby ORDERED, pursuant to Rule 1104 of the Commission's Rules, that the Plan is approved, and posted simultaneously with this order on the Commission's website at www.sec.gov."

The SEC stated: "The Division of Enforcement ("Division") has prepared this plan of distribution (the "Plan") pursuant to Rule 1101 of the Commission's Rules on Fair Fund and Disgorgement Plans ("Commission's Rules") . . . As described more specifically below, the Plan provides for the distribution of the funds collected in the above-referenced proceeding from Wilmington Trust Corporation ("WTC" or "Respondent") to investors who purchased or otherwise acquired shares of WTC common stock during the period January 18, 2008 through October 31, 2010 (the "Relevant Period") and who suffered losses due to the conduct of the Respondent described in the Order."

The Commission stated: "it is hereby ORDERED . . . that OFM pay the Fund Administrator's current fees and expenses of $23,425.86 from the Distribution Fund."

The Commission ordered that: "Commission staff shall transfer $62,504,575.28 from the Distribution Fund to the Distribution Fund’s escrow account at The Huntington National Bank, and the Fund Administrator shall distribute such monies to the eligible investors in accordance with the Plan."