cnb

After taking over most of Colonial Bank (CNB) on Friday, BB&T Corp. (BBT) said Monday it has commenced a public offering of $750 million of common stock, saying the proceeds, which will qualify as tangible common equity and Tier 1 regulatory capital, will be used for general corporate...

It's official: BB&T Corp. (BBT) is taking over Colonial Bank, the foundering Montgomery, Ala.-based lender that's been on the brink of collapse for weeks. Regulators shut down Colonial this evening. With $25 billion in assets and nearly 350 branches in Alabama, Florida, Georgia and Texas, it's...

Signs that regional giant Colonial Bank was in dire straits have abounded for weeks. Today, regulators reportedly decided to step in after reaching an agreement to sell the Montgomery, Alabama–based bank's $20 billion in deposits and more than 350 branches to BB&T Corp. (BBT). This would...

Which bank will be the next to fail? Of course, it's impossible to know for sure. But with losses mounting, some lenders have been forced to admit they're in dire condition. Guaranty Financial Group (GFG) made headlines late last week when it said it was "probable" that regulators would seize its...