FDIC sells assets to BB&T in biggest failure of the year. The troubled Colonial BancGroup, unable to raise capital and facing a federal criminal probe of its accounting practices, was closed by regulators Friday in the largest bank failure of 2009.
Liz Moyer, Forbes
Fri, 08/14/2009 - 5:10pm
FDIC sells assets to BB&T in biggest failure of the year. The troubled Colonial BancGroup, unable to raise capital and facing a federal criminal probe of its accounting practices, was closed by regulators Friday in the largest bank failure of 2009.