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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
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 5, 2006, 4:00 pm
Naz Farrow will be the next chief executive officer of Colonial Group International. She has been appointed designate CEO, effective from Thursday, and will become CEO in mid-2018 when Alan Peacock retires. Ms Farrow is currently chief operating officer ...
Posted: May 30, 2017, 8:56 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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Posted: June 18, 2017, 5:24 am
On behalf of the Board of Directors of Colonial Group International, Chairman Dr. Grant Gibbons announced that Naz Farrow, COO – Health, has been appointed Designate Chief Executive Officer of Colonial Group International [CGI] effective June 1st 2017.
Posted: May 30, 2017, 12:32 pm
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