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Home » Colonial Falls Amid Scrutiny
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Colonial Falls Amid Scrutiny

August 17, 2009
Regional bank Colonial BancGroup, facing a host of federal investigations into accounting irregularities and capital-raising activities, will be acquired by BB&T Corp. after regulators closed the bank last week and a federal judge froze its assets. The sale of Colonial ended weeks of speculation about its ability to survive since a $300 million deal aimed at propping up the ailing Alabama...
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