in a report probing its August failure. Montgomery-based Colonial collapsed in the sixth-largest bank failure in American history. The FDIC said it now expects to lose $3.8 billion -- rather than $2.7 ...

ALEXANDRIA, Va. (CN) - Two more executives embroiled in the massive $2.9 billion fraud scheme that led to the failures of Colonial Bank and Taylor, Bean & Whitaker were sentenced to prison terms on ...

U.S. Bank has agreed to acquire Nevada deposits from the North Carolina bank that took over Colonial Bank, banking insiders said Monday. The deposit sale is the latest twist involving Colonial Bank, a ...

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis. Processing ...

Top executives and directors of the failed Colonial Bank plan to pay $10.5 million to stockholders who claim they were misled about the bank's financial condition. The proposed settlement, filed this ...

MONTGOMERY, Ala.--(BUSINESS WIRE)--The Colonial BancGroup, Inc. (NYSE: CNB) announced today that Simuel Sippial, Jr., Colonial BancGroup Director and Chairman of the compensation committee, has been ...

Colonial Bank of Montgomery, Ala., has been closed by the Alabama State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the ...

Reuters reports that the Federal Deposit Insurance Corporation (FDIC) will take Colonial Bank Group into receivership and sell the bank’s assets to BB&T Corp. This would be the largest bank failure ...

Regions Financial Corp. still holds the tenth largest share of the U.S. bank deposit market. ALEXANDRIA, Va. — An executive convicted of orchestrating a $3 billion fraud as chairman of one of ...

WASHINGTON, March 2 (Reuters) - A former Colonial Bank executive pleaded guilty on Wednesday for her role in covering up one of the largest frauds stemming from the recent mortgage crisis, which ...