DOVER, Del. (AP) — Federal regulators say Wilmington Trust has agreed to pay $18.5 million to settle charges of accounting and disclosure fraud regarding its loan portfolio.

The Securities and Exchange Commission said Thursday that Wilmington Trust, which was on the brink of collapse when it was hastily acquired by M&T Bank in 2011, failed to report the true volume of loans at least 90 days past due in 2009 and 2010.