EX-25.1 3 d519067dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

Check if an Application to Determine Eligibility of a Trustee Pursuant to Section 305(b)(2)

 

 

WILMINGTON SAVINGS FUND SOCIETY, FSB

(Exact name of trustee as specified in its charter)

 

 

 

N/A   51-0054940
(Jurisdiction of incorporation of organization if not a U.S. national bank)   (I.R.S. Employer Identification Number)

500 Delaware Avenue, 11th Floor

Wilmington, DE

  19801
(Address of principal executive offices)   (Zip Code)

WILMINGTON SAVINGS FUND SOCIETY, FSB

CONTROLLERS OFFICE

500 Delaware Avenue

Wilmington, DE 19801

(302) 792-6000

(Name, address and telephone number of agent for service)

 

 

WALTER INVESTMENT MANAGEMENT CORP.

(Exact name of obligor as specified in its charter)

 

 

 

Maryland   N/A
(State or other jurisdiction or incorporation or organization)   (I.R.S. Employer Identification Number)

1100 Virginia Drive, Suite 100

Fort Washington, PA

  19034
(Address of principal executive offices)   (Zip Code)

 

 

Debt Securities

(Title of the indenture securities)

 

 

 


ITEM 1. GENERAL INFORMATION. Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

Securities and Exchange Commission

Washington, DC 20549

Federal Reserve

District 3

Philadelphia, PA

FDIC

Washington, DC 20549

Office of the Comptroller of the Currency

New York, NY 10173

(b) Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

 

ITEM 2. AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the trustee, describe each affiliation:

Based upon an examination of the books and records of the trustee and information available to the trustee, the obligor is not an affiliate of the trustee.

 

ITEM 16. LIST OF EXHIBITS. Listed below are all exhibits filed as part of this Statement of Eligibility and Qualification.

 

Exhibit 1.   A copy of the articles of association of the trustee as now in effect.*
Exhibit 2.   Not applicable.
Exhibit 3.   Not applicable.
Exhibit 4.   A copy of the existing bylaws of the trustee as now in effect.*
Exhibit 5.   Not applicable.
Exhibit 6.   The consents of United States institutional trustees required by Section 321(b) of the Act.*
Exhibit 7.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.**
Exhibit 8.   Not applicable.
Exhibit 9.   Not applicable.

 

* Incorporated by reference to Exhibit 25.1 to Registration Statement on Form S-4 (file no. 333-211293) filed on May 11, 2016.
** Filed herewith.


Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wilmington Savings Fund Society, FSB, a federal savings bank organized and existing under the laws of the United States of America, has duly caused this Statement of Eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Wilmington and State of Delaware on the 26th day of January, 2018.

 

   

WILMINGTON SAVINGS FUND SOCIETY, FSB

 

Attest: /s/ Patrick Healy                                                      By:   /s/ Geoffrey J. Lewis                                             
Assistant Secretary     Name:   Geoffrey J. Lewis
    Title:   Vice President


Exhibit 7

Current Report of Wilmington Savings Fund Society, FSB

WSFS FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

 

     September 30, 2017     December 31, 2016  
(Dollars in thousands, except per share and share data)    (Unaudited)  

Assets:

    

Cash and due from banks

   $ 117,343     $ 119,929  

Cash in non-owned ATMs

     612,443       698,454  

Interest-bearing deposits in other banks including collateral of $3,380 at September 30, 2017 and December 31, 2016

     3,579       3,540  

Total cash and cash equivalents

     733,365       821,923  

Investment securities, available for sale (amortized cost of $816,114 at September 30, 2017 and $807,761 at December 31, 2016)

     810,433       794,543  

Investment securities, held to maturity-at cost (fair value of $163,397 at September 30, 2017 and $163,232 at December 31, 2016)

     161,721       164,346  

Loans, held for sale at fair value

     19,313       54,782  

Loans, net of allowance for loan losses of $40,201 at September 30, 2017 and $39,751 at December 31, 2016

     4,670,216       4,444,375  

Bank owned life insurance

     102,727       101,425  

Stock in Federal Home Loan Bank of Pittsburgh-at cost

     33,277       38,248  

Other real estate owned

     3,924       3,591  

Accrued interest receivable

     17,789       17,027  

Premises and equipment

     48,345       48,871  

Goodwill

     166,007       167,539  

Intangible assets

     23,109       23,708  

Other assets

     85,118       84,892  
  

 

 

   

 

 

 

Total assets

   $ 6,875,344     $ 6,765,270  
  

 

 

   

 

 

 

Liabilities and Stockholders’ Equity

    

Liabilities:

    

Deposits:

    

Noninterest-bearing demand

   $ 1,357,597     $ 1,266,306  

Interest-bearing demand

     1,057,571       935,333  

Money market

     1,347,576       1,257,520  

Savings

     557,914       547,293  

Time

     305,347       332,624  

Jumbo certificates of deposit – customer

     251,782       260,560  
  

 

 

   

 

 

 

Total customer deposits

     4,877,787       4,599,636  

Brokered deposits

     173,932       138,802  
  

 

 

   

 

 

 

Total deposits

     5,051,719       4,738,438  

Federal funds purchased and securities sold under agreements to repurchase

     70,000       130,000  

Federal Home Loan Bank advances

     697,812       854,236  

Trust preferred borrowings

     67,011       67,011  

Senior debt

     98,116       152,050  

Other borrowed funds

     70,369       64,150  

Accrued interest payable

     3,882       1,151  

Other liabilities

     75,574       70,898  
  

 

 

   

 

 

 

Total liabilities

     6,134,483       6,077,934  
  

 

 

   

 

 

 

Stockholders’ Equity:

    

Common stock $0.01 par value, 65,000,000 shares authorized; issued 56,217,643 at September 30, 2017 and 55,995,219 at December 31, 2016

     562       580  

Capital in excess of par value

     334,221       329,457  

Accumulated other comprehensive loss

     (3,123     (7,617

Retained earnings

     680,554       627,078  

Treasury stock at cost, 24,807,145 shares at September 30, 2017 and 24,605,145 shares at December 31, 2016

     (271,353     (262,162
  

 

 

   

 

 

 

Total stockholders’ equity

     740,861       687,336  
  

 

 

   

 

 

 

Total liabilities and stockholders’ equity

   $ 6,875,344     $ 6,765,270