A former official of Wilmington Trust pleaded guilty on Monday to conspiracy charges.

Brian Bailey, who oversaw Wilmington Trust's lending activity in Delaware, conspired to conceal the company's actual financial condition, according to a news release issued Monday by the Special Inspector General for the Troubled Asset Relief Program. The conspiracy involved extending credit to keep existing loan interest payments current, causing the bank to misrepresent its reporting of past-due and nonperforming loans.

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