Saturday, August 15, 2009

YAHOO! Reports Alabama Based Colonial Banks Close

Colonial Bank had 346 branches in Alabama, Florida, Texas, Nevada and Georgia. FDIC took over and said that the branches will re-open on Saturday. North Carolina's "BB&T" purchased the branches' assets.

In 2009, 77 federally insured banks have closed.



http://news.yahoo.com/s/ap/20090815/ap_on_bi_ge/us_bank_closures

4 comments:

Nicjor79 said...

Has anyone noticed how many Alabama-based companies have been consumed by North Carolina-based ones? It's almost too strange to really be a coincidence.

Deb Murphree/Alabama Politics said...

Hey Nic! You might be right there. Could you possibly do a little research for me on that, and post to that effect? It would be interesting to see how many...on an average.

Alabama Angyl said...

I'm just glad I didn't bank with them. I had been hearing rumors about Colonial and BB&T for awhile now.

Deb Murphree/Alabama Politics said...

Angyl, my daughter used to bank with them quite a while back. It's a scary proposition when your bank folds. I bank with Wachovia, and they were taken over by Wells Fargo. I still love banking there. I also bank at Bank Trust. (formerly Citizens Bank, and then People Bank and Trust). I guess with a bank that has a name like "TRUST" in it, you gotta trust them, huh! LOL... (I don't believe in putting all your eggs in one basket).