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Old 08-14-2009, 11:19 PM   #1
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Colonial Bank Goes Bust

Hi Everybody,

Just in. Colonial Bank in the US has just gone bust.

More information when I can get hold.

Update:

"Colonial Bank, Montgomery, Alabama, was closed today by the Alabama State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

Colonial Bank's 346 branches in Alabama, Florida, Georgia, Nevada and Texas will reopen under normal business hours beginning tomorrow and operate as branches of BB&T. ..."

http://www.calculatedriskblog.com/20...-colonial.html

Best regards,

Steve

Last edited by Steve_A; 08-14-2009 at 11:26 PM.
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