COLONIAL BANK Failed 2009

MONTGOMERY, AL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

COLONIAL BANK of MONTGOMERY, AL was closed on 2009-08-14. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BB&T (WINSTON-SALEM, NC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3666
FDIC Certificate
9609
FDIC FIN
10103
Bank name
COLONIAL BANK
Location
MONTGOMERY, AL
Failure date
2009-08-14
FDIC resolution date
2009-08-14
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2,369M
Deposits at failure
$20,072M
Assets at failure
$25,455M
Acquiring bank
BB&T (WINSTON-SALEM, NC)