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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 sees 200 claims

The Colonial Group opened for business on Saturday morning and since then has seen about 200 claims, mostly for damage to homes. Paul Brierley, Colonial’s executive vice-president, Property and Casualty, said today: “We had approximately 100 claims ...
Posted: October 20, 2014, 2:11 pm

Colonial Downs to close thoroughbred track Nov. 1

The owner of Colonial Downs has surrendered his license to operate ... which was to consider his proposal to bring in a new horsemen's group amenable to his vision of elevating the New Kent County track's national profile. He was proposing fewer races ...
Posted: October 15, 2014, 4:02 pm

Berkshire Theatre Group to Host Fall Benefit THE MASQUERADED UN-BALL, 11/1

Berkshire Theatre Group has announced its annual benefit event, "The Masqueraded Un-Ball" on November 1, 2014 at The Colonial Theatre for a fun night of food, drinks, dancing, and entertainment to benefit BTG PLAYS! including the 10th Annual Community ...
Posted: October 24, 2014, 10:44 pm

Colonial Receives Around 200 Claims So Far

The Colonial Group opened for business on Saturday morning and since then has seen about 200 claims, mostly for damage to homes. Paul Brierley, Colonial’s Executive Vice President, Property and Casualty, said, “We had approximately 100 claims yesterday ...
Posted: October 21, 2014, 6:56 am

Colonial Downs surrenders racing license

Federal law requires racetracks to have a live-racing agreement with a group representing the majority of horsemen in the state before they can simulcast. The Virginia Horsemen’s Benevolent and Protective Association has had a contract with Colonial ...
Posted: October 15, 2014, 2:04 pm
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