Violation Tracker Individual Record

Company: 
Wilmington Trust
Current Parent Company: 
M&T Bank
Penalty: 
$18,500,000
Year: 
2014
Date: 
September 11, 2014
Offense Group: 
financial offenses
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

A Delaware-based bank holding company agreed to pay $18.5 million in disgorgement and prejudgment interest to resolve allegations of 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.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
banking
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.