# COLONIAL BANK

> **Failed bank** · MONTGOMERY, AL · failed 2009-08-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2,369M

## What happened

COLONIAL BANK of MONTGOMERY, AL was closed by regulators 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
- **Estimated FDIC DIF cost:** $2,369M
- **Deposits at failure:** $20,072M
- **Assets at failure:** $25,455M
- **Acquiring bank:** BB&T (WINSTON-SALEM, NC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COLONIAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONIAL BANK (FDIC ID 3666), failed 2009-08-14. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3666.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*