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Colonial Group Net Worth is 5.46e $Billion.

Colonial Group Net Worth is 5.46e $Billion. Colonial BancGroup Inc. was a $26 billion bank holding company headquartered in Montgomery, Alabama, USA. Colonial BancGroup, Inc. was a financi Colonial BancGroup Inc. was a $26 billion bank holding company headquartered in Montgomery, Alabama, USA. Colonial BancGroup, Inc. was a financial services company that, through its subsidiaries, provided diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance.
The company ran into problems after it was revealed that it had bought $1 billion in mortgages from Taylor, Bean & Whitaker that Taylor Bean had forged, in one of the biggest fraud cases in history.
The principal activity of the BancGroup was to supervise and coordinate the business of its subsidiaries, and to provide them with capital and services. The BancGroup derived substantially all of its income from dividends received from Colonial Bank, it's banking subsidiary. The BancGroup's subsidiary Colonial Brokerage, Inc. provided full service and discount brokerage services and investment advice. The BancGroup had interests in several residential...
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Colonial Group Latest News

Colonial Group’s A- rating affirmed

Colonial Group International Ltd’s life/health and property/casualty operating subsidiaries have been affirmed the financial strength ratings of A- (excellent) and issuer credit ratings of “a-” by AM Best Co. The outlook for all ratings is stable.
Posted: September 15, 2011, 10:15 am

Colonial Group buys North Carolina chemical company

Colonial Chemical Solutions Inc., a subsidiary of Savannah-based Colonial Group Inc., has bought Acme Southern Inc. based in Pineville, N.C. Robert H. Demere Jr., president of Colonial Group, said the acquisition of Acme represents an important milestone ...
Posted: September 16, 2014, 5:00 pm

Colonial Group Inc. reports earnings for Qtr to Dec 31

Year-ago fourth quarter included a pretax charge of $1,800,000 and the 1988 full year results included a pretax charge of $2,550,000.
Posted: February 7, 1990, 4:00 pm

Colonial Group Sponsoring “Relay For Life”

Colonial Group International is sponsoring Relay For Life of Bermuda – the second time it has been a platinum sponsor. Naz Farrow, Colonial Group International’s Chief Operating Officer for Health, said: “I attended the event last year and was blown ...
Posted: March 2, 2016, 6:28 am

Colonial Group International (Bahamas) Donates $100,000 To Hurricane Relief

THE Colonial Group International (Bahamas) has donated a total of $100,000 towards Hurricane Joaquin relief efforts to three organisations on the frontline of assisting residents to return to normal life in the impacted central and south eastern islands.
Posted: November 13, 2015, 3:59 pm
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