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bloomberg.com - 8/14/2009
BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure
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BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure By David Mildenberg Aug. 14 (Bloomberg) -- BB&T Corp. , the North Carolina lender that bought back a $3.1 billion stake from the U.S. government, is taking over offices and deposits of Colonial BancGroup Inc ., according to a person ...
calculatedriskblog.com - 8/14/2009
Report: BB&T to take Over Colonial Bancgroup
— calculatedriskblog.com — Update: BB&T; Said to Be Taking Colonial in Year’s Biggest Bank Failure BB&T; Corp. ... is taking... over offices and deposits of Colonial BancGroup Inc., according to a person familiar with the matter. Colonial, Alabama’s second-largest bank, is being closed by regulators today, the person said, ... (more) Report: BB&T to take Over Colonial Bancgroup

Comments vote down Rover Rover found this 8/14/2009found this
Troubled Colonial BancGroup fails, sold to BB&T - Aug. 14, 2009
money.cnn.com - 8/15/2009
Troubled Colonial BancGroup fails, sold to BB&T - Aug. 14, 2009
— money.cnn.com — NEW YORK (CNNMoney.com) -- Troubled Colonial BancGroup will be bought by rival BB&T Friday, the government said... after state regulators closed the bank whose assets had been frozen by a federal judge. The Montgomery, Ala., bank, which has 346 branches ... (more) Troubled Colonial BancGroup fails, sold to BB&T - ...

Comments vote down Blogs For Victory found this 8/15/2009found this
marketwatch.com - 8/14/2009
CORRECT: Biggest bank failure of 2009
— marketwatch.com — Alert Email Print By Alistair Barr & Ronald D. Orol , MarketWatch An earlier version of this... story misidentified the Community Bank of Nevada and misstated the amount of Dwelling House Savings and Loan's deposits. The errors have been corrected. SAN ... (more) CORRECT: Biggest bank failure of 2009
Comments vote down Calculated Risk found this 8/14/2009found this

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Calculated Risk:  Report: BB&T to take Over Colonial Bancgroup

Democratic Underground Latest Breaking News:  BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure

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Report: BB&T to take Over Colonial Bancgroup
Calculated Risk — Update: BB&T; Said to Be Taking Colonial in Year’s Biggest Bank Failure BB&T; Corp. ... is taking over offices and deposits of Colonial BancGroup Inc., according to a person familiar with the matter. Colonial, Alabama’s second-largest bank, is being closed by regulators today, the person said, becoming the largest U.S. bank failure of 2009 ... A call to Colonial spokeswoman Merrie Tolbert wasn’t immediately returned. “The FDIC does not comment on open institutions,” agency spokesman David Barr said in an e-mail. ...

BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure
Democratic Underground Latest Breaking News — ... it could survive and on Aug. 7 said its warehouse mortgage-lending business is the target of a U.S. criminal probe. The Securities and Exchange Commission issued subpoenas for documents related to accounting for loan loss reserves and participation in the Troubled Asset Relief Program, the bank said. A call to Colonial spokeswoman Merrie Tolbert wasn’t immediately returned. “The FDIC does not comment on open institutions,” agency spokesman David Barr said in an e-mail. Read more: http://www.bloomberg.com/apps/news?pid=20601087 ...

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friday night news dump — skippy the bush kangaroo
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Source: [b]CBS Marketwatch[/b] SAN FRANCISCO (MarketWatch) -- Colonial BancGroup Inc. became the largest bank failure this year Friday after the Federal Deposit Insurance Corporation seized the struggling Alabama-based lender and sold it to BB&T Corp. The deal will knock roughly $2.8 ...
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