Wilmington Trust Co. routinely extended new debt to some commercial borrowers so they could keep up monthly interest payments on matured loans as the Delaware-based bank struggled with a mounting and eventually ruinous past-due account burden, a former manager testified Thursday.
Barbara Marley, a former construction loan administrative manager, described the practice at the close of a third week of testimony in the criminal trial of four executives accused of conspiring to hide loans kept alive by interest payments despite passing their original full repayment deadline.