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Colonial expanded from its base of Alabama to fast-growing regional markets such as Florida, Georgia, Texas, and Nevada. Colonial Bank was the fifth-largest commercial bank in Florida and 27th-largest commercial bank in the USA. Colonial Bank was frequently the target of rumors that it would be acquired by a larger bank.
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Colonial BancGroup Inc. was a bank holding company headquartered in Montgomery, Alabama, United States that failed in 2009.It was a financial services company that, through its subsidiaries, provided diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance.
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It's official: BB&T Corp. (BBT) is taking over Colonial Bank, the foundering Montgomery, Ala.-based lender that's been on the brink of collapse for weeks. Regulators shut down Colonial this evening.
1 st Colonial National Bank Becomes 1 st Colonial Community Bank. COLLINGSWOOD, N.J.--(BUSINESS WIRE)-- Effective as of the opening of business on November 1, 2012 and following receipt of ...
On August 3, 2009, SIGTARP special agents raided the company's headquarters in Ocala, Florida, in connection with an investigation related to the company's acquisition of a majority stake in Colonial BancGroup, once one of the 25 biggest depository banks in the U.S. [3] Taylor, Bean & Whitaker had signed a deal on March 31, 2009, to become the majority owner of Colonial BancGroup in a $300 ...
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