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Colonial Bancgroup News

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

Tuesday Oct 7 | Birmingham Business Journal

Local companies' stocks slip Tuesday

Birmingham's publicly traded companies' stocks continued to take a beating Tuesday amid fears of a worsening economy.

Comment?

Related Topix: Banking, Financial Services, Regions Financial

Sat Oct 04, 2008

Business Wire

Public relations, press release distribution, investor relations, SEC filing

The Colonial BancGroup, Inc. announced that it plans to release the third quarter 2008 results after the market closes on Wednesday, October - PARIS-- --Regulatory News: - 10/03/2008 - 10:40 AM -- --Capella ...

Comment?

Related Topix: Banking, Financial Services, Energy, Oil & Gas

Fri Sep 26, 2008

On Wall Street

Unloading Sour Assets, Not Waiting for a Rescue

As the credit crisis has deepened in recent months, some banking companies have moved to shed toxic assets, rather than waiting for the market to improve - or for the government to bail them out.

Comment?

Related Topix: Energy, Oil & Gas, Columbus, GA, Banking, Financial Services, Fifth Third Bancorp, Synovus Financial, Construction, Investment Services

Sat Sep 20, 2008

The Birmingham News

Alabama bank stocks rally on government plan

Alabama bank stocks rallied Thursday and Friday, in some cases rising by more than half over the two days, bolstered by a ban on short sales and the prospect of federal aid.

Comment?

Related Topix: Banking, Financial Services, Regions Financial, Banc Corporation The, Financial Markets, Home, Mortgage, Personal Finance

Wed Sep 03, 2008

Birmingham Business Journal

Experts: 'Naked' short-selling impacted Colonial stock

The huge swell of activity surrounding Colonial BancGroup 's common stock is evidence that the company fell prey to "naked" short sellers, experts say.

Comment?

Related Topix: University of North Carolina Charlotte, Publishing, Media, Banking, Financial Services

Tue Aug 19, 2008

InvestmentNews

Pitt to work with Alabama on naked shorting

Harvey Pitt, former chairman of the Securities and Exchange Commission, has been named deputy attorney general for the state of Alabama.

Comment?

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

Mon Aug 18, 2008

Tampa Bay Business Journal

USAmeriBank buys Pilot Bank branch in Brandon

USAmeriBank said it would acquire a branch office of Pilot Bank in a deal expected to close early in the fourth quarter.

Comment?

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

Sat Aug 16, 2008

SNL Financial

The Short Report: 'Volatility is the only constant'

"There is a definite segment of the market that wants to build a case that the worst is over, but it seems difficult to point to many tangible reasons why that would be the case," Sandler O'Neill & Partners ...

Comment?

Related Topix: Banking, Financial Services, Financial Markets, Construction, Investment Services

Sat Jul 26, 2008

Investopedia

Small Banks Cast A Wide Net

While most of the market has been obsessed with the large diversified banks during the current ongoing earning season, many small community banks have also released results for the second quarter.

Comment?

Related Topix: BancorpSouth, Banking, Financial Services

Thu Jul 24, 2008

Birmingham News Online

Alabama securities cops probe short sales in Colonial BancGroup

The Alabama Securities Commission is investigating brokers and hedge funds to see if they lied to profit from shorting shares of Colonial BancGroup.

Comment?

Related Topix: Banking, Financial Services

Wed Jul 23, 2008

Investopedia

Small Banks Cast A Wide Net

While most of the market has been obsessed with the large diversified banks during the current ongoing earning season, many small community banks have also released results for the second quarter.

Comment?

Related Topix: BancorpSouth, Banking, Financial Services

Tue Jul 22, 2008

WSFA-TV Montgomery

Colonial Bank Announces Loss

Stay informed up to the minute. Sign up for Breaking News and What We're Working On emails from WSFA 12 News.

Comment?

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

Sun Jul 20, 2008

The Birmingham News

U.S. Steel, industrials decline; Colonial BancGroup upbeat

Alabama stocks fell last week, led lower by industrial shares. Banks rallied for the first time in weeks.

Comment?

Related Topix: Financial Markets, Banking, Financial Services, Alabama, Steel, Mining, Nucor

Sat Jul 19, 2008

Montgomery Advertiser

Colonial to announce results early

The Colonial BancGroup, Inc., will announce its second quarter earnings Wednesday, five days earlier than previously planned.

Comment?

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

Thu Jul 17, 2008

Seeking Alpha

Colonial Bancgroup: Sell or Hold?

These last few days, I knew what Gordon Gekko felt like as Bud Fox was screwing him on the Bluestar deal.

Comment?

Related Topix: Financial Services, Banking

Tue Jul 15, 2008

Seeking Alpha

Well-Capitalized Regional Banks: The Bottom Is In

But here's what makes me angry: the reporter cites Richard Bove in her article as support for her thesis that despite being better capitalized in general, more banks will collapse.

Comment?

Related Topix: Financial Services, Banking

Wed Jul 02, 2008

Tampa Bay Business Journal

Despite foreclosure threat, buyer forced SimDag's hand

The timing seemed perfect. Just weeks after Colonial Bank started foreclosure proceedings on land earmarked for Trump Tower Tampa, developer SimDag/RoBEL LLC sought protection from its creditors in a Chapter 11 ...

Comment?

Related Topix: Foreclosures, Tampa, FL, Banking, Financial Services

Sat Jun 21, 2008

Tampa Bay Business Journal

New plan for Trump Tower Tampa builder: Bankruptcy

Tampa Bay Business Journal - by Michael Hinman Less than a year after developer Frank Dagostino said he would use it only as a last resort, his company, SimDag/RoBEL LLC, is seeking protection from creditors in ...

Comment?

Related Topix: Energy, Oil & Gas, Tampa, FL, Banking, Financial Services, Foreclosures

Thu Jun 19, 2008

Seeking Alpha

Colonial Bancgroup Switches from National to State Charter: What Does It Mean?

I was immediately attracted to Alabama's Colonial Bancgroup Inc. because its stock symbol reminds me of "CMB," or Cash Money Brothers, from the classic film New Jack City .

Comment?

Related Topix: Black Entertainment, Chris Rock, Crime Movies, Drama, New Jack City, Action, Thriller, Banking, Financial Services

Tue Jun 17, 2008

The Westside Gazette

Colonial Bank raises nearly $94,000 during campaign for Kids In Distress fifth annual 5K Run/Walk

Led by Honorary Chair Eris Sandler, president and CEO of retail banking for Colonial Bank's South Florida region, the community rallied together in support of Kids In Distress' Fifth Annual Taking Steps 5K ...

Comment?

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

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