Wilmington Trust Not an American Home Mortgage Creditor

  
    
  
  
    
      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.