Colonial BancGroup

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Colonial BancGroup

COMPANY

Founded 1974 as Southland Bancorporation, name changed 1981. Placed into federal receivership in August 2009; branches, assets, and accounts were immediately sold by FDIC to BB&T.

Official Website:
http://www.colonialbank.com/

Industry:
Banking

Ticker:
NYSE:CNB

Corporate headquarters:
Montgomery, AL

Sales:
$1.78B (2007)

Employees:
4500

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