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Colonial BancGroup – Is There Any Reason For Not Closing This Failed Bank?

August 14, 2009 By Bill Zielinski Leave a Comment

What Are The Regulators Waiting For? Recent events at Colonial BancGroup Inc present a picture of a bank beyond any hope of financial recovery. Colonial has been under FDIC and Alabama Banking Department oversight since June when it was obvious that Colonial could not survive without additional capital.  A possible merger or sale has been […]

Filed Under: Corus Bankshares, FDIC, Guaranty Financial - GFG, problem banks Tagged With: Colonial BancGroup failure near, zombie bank Colonial to be closed

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