- Associated Press - Friday, August 12, 2016

WILMINGTON, Del. (AP) - Attorneys for Wilmington Trust are asking a federal judge to delay a criminal fraud trial against the bank and four former top executives.

Former bank President Robert V.A. Harra Jr., former Chief Financial Officer David Gibson, former Chief Credit Officer William North and former controller Kevyn Rakowski are charged with fraud, conspiracy and making false statements to federal regulators.

Prosecutors also say Wilmington Trust, through its executives, concealed the truth about its deteriorating commercial real estate loan portfolio before its collapse and hasty acquisition by M&T; Bank in 2011.

Wilmington Trust on Thursday asked for postponement of a scheduled January trial until September 2017. They said they need more time to review millions of documents and are still awaiting other documents from the Federal Reserve and the bank’s external auditor.


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