WILMINGTON TRUST CORP
			Symbol			WL

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Wilmington Trust Not a CIT Group Inc. Creditor

2009-11-04 14:42 ET - News Release

No Credit Exposure Involved in Trustee Role

Company Website: http://www.wilmingtontrust.com
WILMINGTON, Del. -- (Business Wire)

Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said today that it is serving as trustee for certain equipment financing transactions involving CIT Group Inc. (CIT), which filed for Chapter 11 protection on Sunday, November 1, 2009 in the United States Bankruptcy Court, Southern District of New York.

News reports may have led some observers to believe that Wilmington Trust has loaned money to CIT Group. In fact, Wilmington Trust is not a creditor of CIT Group. Wilmington Trust serves as indenture trustee, transfer agent, registrar, and paying agent in various equipment financing transactions involving CIT. Wilmington Trust is paid a fee for these providing these trustee services. CIT’s bankruptcy has no effect on Wilmington Trust’s balance sheet, credit quality, or financial condition.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.