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Former Wilmington Trust official pleads guilty

November 13, 2014

WILMINGTON, Del. (AP) — A former Wilmington Trust official indicted on fraud and other charges has pleaded guilty to accepting a gift for procuring loans.

Forty-nine-year-old Peter W. Hayes entered the plea Thursday in federal court in Wilmington.

Hayes initially pleaded not guilty after being indicted in July on charges of bank fraud, bank bribery and fraudulently benefiting in loan transactions. The indictment alleged that Hayes, a former commercial real estate lender, engaged in several fraudulent and improper transactions with Anderson Homes, a well-known Delaware homebuilder.

He is the third former employee to plead guilty to criminal conduct relating to his employment at Wilmington Trust. Sentencing is set for March 17.

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