Colonial BancGroup CBCGQ
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Colonial Bank owner files suit against auditors
NEW YORK, Aug 25 (Reuters) - Colonial Bancgroup Inc and its trustee filed a lawsuit against former auditors PricewaterhouseCoopers LLC and Crowe Horwath LLP, charging them with accounting...
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The Shrinking U.S. Banking Sector: On Balance, Who Benefits?
… pressure until it was closed in March, to $25 billion Colonial BancGroup of Alabama, which closed its doors in the summer ..... third largest failure in U.S. history, all of Colonial ’s deposits were sold to BB&T, turning it into …
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Our Outlook for Bank Stocks
… attractive 15 cent quarterly dividend even while most of its competition dropped to just a penny. Picking up the failed Colonial Bancgroup during the crisis also expanded its footprint in Florida cheaply and with relatively little risk. While BB&T …
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BB&T Reports 4Q Earnings
… 27 per share in the fourth quarter and $1.15 for the year, profiting from its FDIC-assisted purchase of Colonial BancGroup , its large insurance business, and a manageable level of charge-offs. The fourth quarter results affirm our …
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US Bank Reports 4Q Earnings
… continue this trend in the first quarter of 2010 as its deal with BB&T BBT to purchase the Nevada branches of failed Colonial Bancgroup closes. We believe these moves will pay off for US Bank shareholders in the long run and are increasing our fair …
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New Morningstar Analyst Report - US Bancorp
… purchased Downey Financial, PFF Bank, FBOP Corporation of Oak Park and First Bank of Idaho from the FDIC as well as Colonial Bancgroup 's Nevada branches from BB&T BBT.Richard Davis became CEO in December 2006 and chairman of the board a year …
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BB&T to Buy Failed Colonial's Assets
… announced that it would purchase Colonial BancGroup 's CNB branches, some loans, and ..... which seized the troubled Colonial . To help support the $22 billion ..... suspect the accretion from the Colonial deal will probably be largely …
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Synovus' Dividend at Risk?
… results from SunTrust STI, Regions Financial RF, and Colonial BancGroup CNB --all of which operate in the same areas as Synovus ..... the still-weakening Atlanta region. Regions and Colonial have already cut their dividends to preserve capital …
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Colonial Buys Commercial
Colonial BancGroup CNB announced it will purchase Commercial ..... Based on our fair value estimates for Colonial and Commercial, the deal is worth ..... fair value estimate for Commercial. Colonial is paying 3.5 times book value and …
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Make Bank Fees Work for You
… Services PNC 0.49 -7.2 Sky Financial Group SKYF 0.49 8.4 North Fork Bancorporation NFB 0.50 16.0 Colonial BancGroup CNB 0.52 12.7 Group Average 0.43 9.9 Source: SNL Financial