Colonial Bank
| Colonial Bank | |
|---|---|
| legal form | Subsidiary of Colonial Bancgroup |
| founding | 1981 |
| resolution | August 14, 2009 |
| Reason for dissolution | Takeover by BB&T |
| Seat |
Montgomery , USA
|
| Branch | Banking |
| Website | www.ColonialBank.com |
The Colonial Bank was a bank headquartered in Montgomery , Alabama and 346 branches in Alabama, Georgia , Florida , Nevada and Texas .
On August 14, 2009, the bank ran into difficulties in the wake of the global financial crisis , the Federal Deposit Insurance Corporation then placed it under administration and sold most of its assets to competitor BB&T .
Individual evidence
- ↑ Financial Times : "US financial crisis continues" ( Memento from August 4, 2012 in the web archive archive.today )