Monday, August 10, 2009
Colonial Bank Takeover Imminent?
According to media reports, North Carolina based BB&T Inc. is said to be considering purchasing Colonial Bank. Colonial Bank has two branches in Fairhope one downtown and one in the Plantation Pt. Shopping Center. If Colonial fails it will be the fifth largest bank in U.S history to do so. All individual depositors are insured to $250,000 by the Federal Government.
at 3:24:00 PM