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Bookmark or Share- PwC to face U.S. lawsuit over Colonial Bank collapse - court rulingFiled in 2011 by the bank's parent Colonial BancGroup Inc and its trustee, the lawsuit accused the accounting firms of making "reckless and grossly inaccurate" reports to the bank's board,...
- A case study on the rise and fall of colonial bank - Duke UniversityColonial Bank began as a small Alabama community and commercial bank. In the two decades leading up to the Financial Crisis, this financial institution aggressively expanded via acquisitions of smaller banks, first in Alabama, then mostly on a regional basis, with a key focus on Florida.
- Colonial Bank - FDICOn Friday, August 14, 2009, Colonial Bank, Montgomery, AL was closed by the Alabama State Banking Department, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
- Executive responsible for fraud that collapsed Colonial Bank gets ...A financial executive responsible for one of the largest frauds prosecuted out of the nation’s financial crisis a decade ago is being released from prison on compassionate grounds after serving...
- Question and Answer Guide for Colonial Bank, Montgomery ALAll shares of Colonial Bank were owned by its holding company, The Colonial BancGroup, Inc., Montgomery, AL. The holding company was not included in the closing of the bank or the resulting receivership.
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