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- Owned by Colonial Bancgroup Inc.
- Headquarters: Montgomery, Alabama
- Founded: 1981
- Founder: Bobby Lowder
- Branches: 346 throughout Alabama, Georgia, Florida, Nevada and Texas http://www.marketwatch.com/story/colonia...
- Shut down by the Alabama State Banking Department on August 14, 2009 http://www.marketwatch.com/story/colonia...
- Seized by the FDIC http://www.marketwatch.com/story/colonia...
- Sold to the BB&T Corp http://www.marketwatch.com/story/colonia...
- At the time was the largest bank failure of 2009 http://www.marketwatch.com/story/colonia...
- Sixth-largest bank failure in U.S. history http://www.marketwatch.com/story/colonia...
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The Alabama-based Colonial Bank was shut down by the the Alabama State Banking Department, seized by the FDIC and sold to BB&T Corp on August 14, 2009. All accounts and 346 Colonial Bank branch locations will continue to operate as part of BB&T Corp.http://www.fdic.gov/news/news/press/2009/pr09143.html
The failure was the largest of 2009 and the sixth largest in United States history.http://www.fdic.gov/news/news/press/2009/pr09143.html
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Colonial Bank News
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Bank of America Sued by BNP, Deutsche Bank Over Notes
Taylor Bean received funding from Colonial Bank, an Alabama lender under US investigation. The commercial paper, or short-term IOUs, was backed by ... (November 25, 2009)Bloomberg -
Bank Dinner Bet That FDIC Is in Fine Shape: William M. Isaac
More recently, the estimated losses for Colonial Bank and AmTrust Bank, two large failures in 2009, were billions higher when the banks were added to the ... (December 08, 2009)Bloomberg -
Freddie Mac Discloses Additional Exposure To Failed Lender
The Federal Deposit Insurance Corp. seized Colonial Bank less than two weeks before Taylor Bean filed for bankruptcy. In the filing, Freddie said it is ... (November 23, 2009)Wall Street Journal -
Whatley Drake to represent Colonial Bank employees in lawsuit
The lawsuit, which was filed in the Middle District of Alabama based in Montgomery, alleges that Colonial Bank employees lost their retirement savings when ... (December 02, 2009)MSN Money
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Mahalo Answers for Colonial Bank
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OPEN THREAD: Colonial Bank becomes the biggest bank failure of 2009 1 AnswerPeople of authority in this world, should realize life is not or never was based on non-materialistic, physical things like money, oil, fine cars, jewelry or an... read more -
Why was Colonial Bank Group shut down? 2 AnswersOne of the biggest banks in Florida has been shut down by regulators and its assets sold to a rival in a move that underlines the continued frailty of the Ameri... read more -
Why will the strategy of building reserves stabilize the banks and build confidence? 1 Answerit prevents are run on the bank and the market from not lending to them read more
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Colonial Bank Products and Merchandise
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1921 UNDERHILL NEW YORK CITY PARK BANK BLDG PHOTO 18" x 24" Colonial Wood Framing - $146.40
Amazon.com: 1921 UNDERHILL NEW YORK CITY PARK BANK BLDG PHOTO 18" x 24" Colonial Wood Framing: Kitchen & DiningAmazon
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Colonial Mills Jefferson Evergreen Braided Indoor/Outdoor Rug J601 - $37.99
Find the lowest prices on Colonial Mills Jefferson Evergreen Braided Indoor/Outdoor Rug J601 at BizRate. Compare stores & shop for Home & Garden. Read consumer reviews before you b...Shopzilla
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Colonial Mills Jefferson Desert Beige Braided Indoor/Outdoor Rug J801 - $37.99
Find the lowest prices on Colonial Mills Jefferson Desert Beige Braided Indoor/Outdoor Rug J801 at BizRate. Compare stores & shop for Home & Garden. Read consumer reviews before yo...Shopzilla
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Bank in Battledress Being the Story of Barclays Bank (Dominion, Colonial and Overseas) during the Second World War 1939-45 - $74.99
Amazon.com: Bank in Battledress Being the Story of Barclays Bank (Dominion, Colonial and Overseas) during the Second World War 1939-45: Barclays Bank: BooksAmazon
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On Twitter Powered by Twitter
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Have I ever mentioned that I'm in love with Rodney at the Millville branch of Colonial Bank?
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Digicel Top Up now available through Colonial Bank Fiji's ATM network. Another FlexPacific solution! Thanks everyone for a great project
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Colonial Bank Fiji goes LIVE today with Digicel ATM Top Up supplied by the team at FlexPacific. http://myloc.me/1WvTT
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headed to Intermedia Arts to run a West Bank anti colonial farce
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