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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
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: November 1, 2016, 4:55 pm
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 (Colonial Group).
Posted: September 30, 2012, 5:00 pm
S&P has assessed the positive operating performance of Colonial as well as the improvement of the financial profile of the Group. The key considerations for the credit rating upgrade have been: A prime office portfolio located in the city centers of ...
Posted: April 19, 2017, 10:38 am
The company said net income for 1988 was reduced by $4.2 million by the operating losses and termination of its Interact Management Inc. subsidiary, an aborted closed-end fund offering, and a provision for losses on the liquidation of various marketable ...
Posted: February 3, 1989, 4:00 pm
A company profile of Colonial Group Inc., a privately held company which acts as a holding company for various subsidiaries which provide storage and distribution services for liquid and dry bulk products, including bulk chemicals, motor fuels, industrial ...
Posted: April 16, 2017, 10:35 pm
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