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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
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Posted: February 16, 2017, 3:48 am
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) of the Bermuda-based Colonial Group and its group-rated members. Best also affirmed the stand-alone FSRs of “A-” (Excellent) of the Security & General Insurance ...
Posted: December 14, 2006, 4:00 pm
LEHIGH VALLEY, Pa., June 11 /PRNewswire-FirstCall/ -- Keystone Savings Bank and First Colonial Group, Inc. (Nasdaq: FTCG), the parent of Nazareth National Bank, announced that KNBT Bancorp, Inc., a newly formed company established by Keystone to become its ...
Posted: June 10, 2003, 6:00 pm
Ryan Chandler, vice president at Colonial Group, 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: November 2, 2016, 2:13 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
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