The Wilmington Trust Corporation announced on June 1, 2007, that Archon Oliver R. Sockwell, Jr. (Epsilon Boulé), had been elected to its Board of Directors. Archon Sockwll retired in 1997 after ten years as president and chief executive officer of the Construction Loan Insurance Corporation (Connie Lee), a financial guaranty company. During his tenure at Connie Lee, the company guaranteed more than $12 billion of municipal bond debt across the United States.

From 1998 through 2003 Archon Sockwell was an executive-in-residence at the Columbia University Graduate School of Business, where he taught principles of executive leadership, counseled students and alumni, and consulted on special projects. At Columbia Business School Archon Sockwell is also a member of the Board of Overseers as well as a director of the Eugene M. Lang Center for Entrepreneurship.

“Oliver has extensive experience in corporate finance, credit risk, and executive leadership, and we will benefit greatly from his perspective,” said Ted T. Cecala, Wilmington Trust chairman and chief executive officer. “In addition, as a long-time resident of Washington, D.C., his knowledge and insight will help guide the expansion of our Wealth Advisory Services business there.”

Prior to Connie Lee, Archon Sockwell held various senior positions with the Student Loan Marketing Association (Sallie Mae), serving as executive vice president, finance, administration, and planning, from 1984 to 1987. His career also spans investment banking at Smith Barney in New York, where he structured domestic and international financings for corporate clients.

“My background fits well with Wilmington Trust’s business, and I am pleased to be joining the Board at this time in the company’s history,” said Archon. Sockwell. “Wilmington Trust has a well-conceived strategy, and I am looking forward to being part of the company’s continued growth.”

In addition to Wilmington Trust, Archon Sockwell is a director of R.R. Donnelley & Sons Company and of Liz Claiborne, Inc. He is the founder and chairman of the Capitol City Foundation, which supports schools and charitable service organizations. Previously he was a director of Management Leadership for Tomorrow, Ford’s Theatre, the Washington Urban League; and the National Center for Learning Disabilities; and a trustee of the District of Columbia Retirement Board. Archon Sockwell holds a Bachelor of Science degree in physics from Howard University and a master of business administration degree in finance from Columbia University.

Wilmington Trust Corporation 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. The wholly owned bank subsidiary, Wilmington Trust Company, was founded in 1903 by the DuPont family and is one of the largest personal trust providers in the United States. Wilmington Trust Corporation has offices in California, Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, and Frankfurt.