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Colonial Bancgroup

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Colonial Bancgroup News

News on Colonial Bancgroup continually updated from thousands of sources around the net.

Friday Dec 4 | Alabama Live

BB&T exec Kelly King says ex-Colonial Bank doing great

BB&T Corp. has increased Birmingham-area deposits by $169 million since taking over for Colonial BancGroup in August, which Chief Executive Kelly King called welcome news amid his attempts to instill his company's business philosophy at 102 new branches and among hundreds of new employees.

Comment?

Related Topix: BBT, Banking, Financial Services, Birmingham, AL, Birmingham Metro, Montgomery, AL, Economics News, Bankruptcy

Wed Dec 02, 2009

Birmingham Business Journal

Bham firm to represent Colonial employees

Birmingham law firm Whatley Drake & Kallas was recently appointed to help lead a prominent case against Colonial BancGroup Inc.

Comment?

Related Topix: Birmingham, AL, Birmingham Metro, Whatley, AL, Banking, Financial Services, Energy, Oil & Gas, Montgomery, AL

Wed Nov 25, 2009

TheStreet.com

Bank of America Ensnared in Legal Web Over Ocala

Bank of America's twisted legal entanglements related to the fallout from Ocala Funding brings to light the reverberations and complexities created by such special-purpose vehicles.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Business News

Mon Nov 16, 2009

REITS & Finance News

Commercial valuation company lands plum job

Bud de Laurier owns Jax Realty Advisors Inc. Bud de Laurier received the kind of federal contract few businesses qualify for and even fewer hope to get.

Comment?

Related Topix: Financial Services, Montgomery Metro, Montgomery, AL, Banking

Wed Nov 04, 2009

Insurance Journal West

BB&T Insurance Acquires Florida's Oswald Trippe Agency

Raleigh, North Carolina-based BB&T Insurance Services, the nation's seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co.

Comment?

Related Topix: Florida, Fort Myers Metro, Sarasota Metro, Cape Coral, FL, Holmes Beach, FL, Banking, Financial Services

Mon Nov 02, 2009

News Press

Fort Myers-based Oswald Trippe merging with BB&T Insurance

Oswald Trippe & Co., a Fort Myers-based insurance agency, is merging with BB&T Insurance Services, according to a statement released today by Oswald Trippe.

Comment?

Related Topix: Fort Myers, FL, Financial Services, Banking

Sat Oct 31, 2009

Bizjournals

Birmingham bank stocks slide Friday

Birmingham bank stocks slipped in early morning trading Friday, taking back big gains made in the previous day's trading.

Comment?

Related Topix: Banking, Financial Services, Regions Financial, BBT

Fri Oct 30, 2009

Montgomery Advertiser

BB&T expects to take time on fate of Colonial headquarters

BB&T still doesn't know whether it will keep the former headquarters of Colonial BancGroup, but it does know that it is the owner of Colonial's corporate jet -- whether it wants to be or not.

Comment?

Related Topix: Financial Services, Banking, Montgomery Metro, Montgomery, AL

Fri Oct 23, 2009

BNET

For Banks, Good Blend Makes for Potent Brew

By Alain Sherter Oct 22, 2009 Regional bank U.S. Bancorp , whose loans are moldering like last week's leftovers, on Wednesday reported third-quarter earnings of $603 million and growing revenue.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage

Wed Oct 21, 2009

Morningstar

Stocks Higher as Participants Digest Earnings, Await Apple and TI Results

U.S. Market Stocks began the week on unsteady footing ahead of the next round of earnings reports, but were in the green by midday.

Comment?

Related Topix: Financial Markets, Banking, Financial Services

Mon Oct 19, 2009

Bloomberg.com

BB&T Profit Tumbles 65%, Missing Estimates, as Real Estate Losses Increase

BB&T Corp. , the North Carolina lender that acquired Colonial BancGroup Inc. in August, reported third-quarter profit dropped 58 percent as more real-estate borrowers stopped making payments.

Comment?

Related Topix: BBT, Banking, Financial Services, North Carolina, Suntrust Banks

Richmond Times-Dispatch

BB&T income drops 65 percent

BB&T Corp., the North Carolina lender that acquired Colonial Bancgroup Inc. in August, reported third-quarter profit dropped 65 percent as more real-estate borrowers stopped making payments.

Comment?

Related Topix: BBT, Banking, Financial Services, North Carolina, Energy, Oil & Gas

Thu Oct 15, 2009

Winston-Salem Journal

Texas is far enough west for BB&T Inc.

BB&T Inc.'s western expansion is going to stop -- for now -- in Texas. About two months after acquiring 21 branches in Nevada, BB&T said it is selling them to U.S. Bancorp for an undisclosed price.

Comment?

Related Topix: Texas, Banking, Financial Services, Dallas Metro

Mon Oct 12, 2009

The Curious Capitalist

The story behind the year's biggest bank failure

Fortune 's Brian O'Keefe has an epic account of the rise and fall of Bobby Lowder and Colonial Bancgroup.

Comment?

Related Topix: Banking, Financial Services, Auburn University

Wed Oct 07, 2009

Financial Planning

Toxic Bond Cited As Reason for BB&T Rejecting Colonial's Advisory Unit

The reason behind BB&T Bank's surprise move not to acquire Colonial Bank's investment advisory unit? Toxic assets.

Comment?

Related Topix: Winston-Salem, NC, Salem, NC, Banking, Financial Services

Tue Sep 29, 2009

Montgomery Advertiser

Employees of Colonial sue former leaders

A group of Colonial Bank employees joined the growing ranks of people suing the defunct bank's leaders.

Comment?

Related Topix: Construction, Financial Services, Investment Services, Montgomery Metro, Montgomery, AL, Personal Finance, Retirement, Banking, Birmingham, AL

Sun Sep 27, 2009

BNET

Georgian Bank is the Latest to Fall

By Alain Sherter Fridays are when we bid adieu to terminally ill banks. Today it's Atlanta's Georgian Bank , which is being closed by state banking regulators.

Comment?

Related Topix: Financial Services, Banking

Fri Sep 25, 2009

Institutional Investor News

BB&T Not To Buy Colonial Brokerage

The brokeragea s 270 advisers will now have to seek a new broker-dealer to operate under by November 2009.

Comment?

Related Topix: Financial Services, Banking

Tue Sep 22, 2009

Philly.com

More bank failures are likely

A year after the financial crisis first stirred comparisons to the Great Depression, the pace of bank failures is rising.

Comment?

Related Topix: Financial Services, Banking, Montgomery Metro, George Bush, Housing

Sun Sep 20, 2009

The Ledger

Robert Loftin to Head BB&T's Polk Operations

Published: Thursday, September 17, 2009 at 11:51 a.m. Last Modified: Thursday, September 17, 2009 at 11:53 a.m. LAKELAND BB&T has tapped a familiar face to lead its Polk County operations.

Comment?

Related Topix: Lakeland, FL, Polk County, FL, Banking, Financial Services

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