money.cnn.com - 8/15/2009
—
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 spread across Florida, Alabama, Georgia, ...
calculatedriskblog.com - 8/14/2009
—
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
bloomberg.com - 8/14/2009
—
bloomberg.com —
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 ...
(more)
BB&T Said to Be Taking Colonial in Year’s Biggest ...
Comments
Blog Reactions
Bank Failures Rise to 77 for 2009
Blogs For Victory —
The hits just keep coming:
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 spread across Florida, Alabama, Georgia, Nevada, and Texas, is the sixth largest bank failure in U.S. history and by far the largest failure of 2009.
With $25 billion in assets and $20 billion in deposits, Colonial is 100 times larger than the typical bank to have failed this year… ...
Huge Bank Failure
Blue Crab Boulevard —
... from yesterday. As predicted by Bloomberg, Colonial BancGroup has failed , the largest bank failure in 2009. The FDIC seized that bank plus four others late Friday, bringing the 2009 total to 77 - more than triple the 2008 total of 25. And it is only August. 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 spread across Florida, Alabama, Georgia, Nevada, and Texas, is the sixth largest bank failure in ...
Related Content
Ouch. Colonial Left a Mark! (on Loans)
calculatedriskblog.com 8/19/2009 — From Peter Eavis at the WSJ: Colonial Bank Marks a New Low for Loans In doing the deal, BB&T; is marking down Colonial loans and real-estate collateral by 37%, a number that reflects a large amount of estimated losses. The biggest mark is on ...
Georgia bank fails - Aug. 21, 2009
money.cnn.com 8/22/2009 — NEW YORK (CNNMoney.com) -- Guaranty Bank was closed by federal regulators Friday in the third largest bank failure this year bringing the total number of failures to 81 in 2009. The Federal Deposit Insurance Corporation was named receiver of the ...
Judge Rules for BofA Against Colonial Bank, New Cease & Desist Disclosed
calculatedriskblog.com 8/14/2009 — Form Bloomberg: Bank of America Wins Order on Colonial Bank Assets U.S. District Judge Adalberto Jordan in Miami issued the order after Bank of America sued Colonial yesterday in Miami, claiming Colonial is holding the cash and loans as a custodian for Ocala Funding Inc. The order notes that ...
Obama, the African Colonial
americanthinker.com 6/25/2009 — The tropes of America's racial history as a way of understanding all things black are useless in understanding the man who got his dreams from his father, a Kenyan exemplar of the African Colonial.
Follow BeltwayBlips on Twitter
