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(Image from article: "Regulators Take Over Colonial BancGroup")

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Bank Failures
Bb&t

Bb&t Topics

Banks
Colonial Bancgroup
Fdic

Regulators Take Over Colonial BancGroup

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.

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