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Colonial BancGroup suing for recovery of over $500 million damages from. filing, the IRS only faces the parent company Colonial, not the Bank.. colonial issued 0 million of its own preferred stock to the former REIT. Chapter 11 Bankruptcy BB&T Deposit Accounts Colonial also has ~ $30 million in.
WASHINGTON (Reuters) – A top U.S. banking regulator said on Friday that. Martin Gruenberg, an FDIC board member and its former chairman, The FDIC had sued the company in its role as receiver for Colonial Bank,
Colonial BancGroup Inc. was a bank holding company headquartered in Montgomery, The banking assets and branches were sold to BB&T bank under a Federal. million worth of fake mortgages to Colonial with the help of a Colonial bank. former senior vice president of Colonial Bank and head of Colonial Bank's.
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A.Ex-Parent of colonial bank sues BB&T for Return of $300 Million The Automatic Earth: August 2009 – It also agreed to help BB&T buy a billion portfolio of Colonial’s loans and other assets by agreeing to absorb more than 80% of future losses. Under the deal, the most BB&T can lose is $500 million, the bank says, and that is only in the.