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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...
Colonial Group Latest News
ATLANTA, Dec. 10, 2012 /PRNewswire/ -- Enova Wood Pellet Group, LLC, a subsidiary of Enova Energy Group, LLC, has entered into a long term port agreement with Georgia Kaolin Terminals, Inc. (GKT) a subsidiary of Colonial Group, Inc. The agreement ...
Posted: December 10, 2012, 8:06 am
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Limited. The outlook for all ...
Posted: September 28, 2012, 3:55 am
Savannah-based Colonial Group Inc. this year began testing the waters for a possible sale, attracting significant interest and a number of inquiries from both domestic and offshore buyers. "We've had some reasonably attractive numbers pop up," said Rob ...
Posted: December 28, 2007, 10:50 pm
Colonial Group Inc., through its subsidiaries, engages in the wholesale and retail marketing of petroleum and chemical products in the United States and the Caribbean. It offers motor fuels, such as gasoline and diesel fuels; natural gas; ship bunker fuels ...
Posted: January 15, 2017, 2:33 pm
Ryan Chandler, vice president at Colonial Group Inc, which is not connected to Colonial Pipeline, said he has been fielding calls from the pipeline's customers seeking access to its Charleston and Savannah marine terminals. Chandler's company manages three ...
Posted: October 31, 2016, 7:40 pm
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