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Colonial Bank

Colonial Bank - News

Business Briefs: Colonial Bank appoints Balsama
Most recently, Balsama was vice president, commercial lending at RBS, Citizens Bank in Haddon Heights. He also has served as vice president, commercial lending at GCF Bank in Sewell, and as senior vice president, commercial lending at Cornerstone 

Kelly King wins high marks for BB&T leadership over past five years
He did that even while taking over and integrating one of the largest bank failures in U.S. history, Colonial Bank. King's commitment to product and services diversification enabled BB&T to become one of the nation's largest insurance providers, as

Drunk, broke and obsessed with sex, the British Tommies of 1914 were unlikely ...
Drunk, broke and obsessed with sex, the British Tommies of 1914 were unlikely ... Lucy recorded in There's A Devil In The Drum, his memoir of service with the colours, that his platoon included: “an ex-divinity student with literary tastes, who drank much beer; and a man who had absconded from a colonial bank”. Some recruits have

police describe National Penn Bank robbery suspect
police describe National Penn Bank robbery suspect The Colonial Regional Police Department has released security photos of a man they say robbed the National Penn Bank on Schoenersville Road today in Hanover Township, Northampton County. The male, in his 20s or 30s standing at about 5-foot, 

Colonial Bank In Orlando Raided

Federal agents raided a Colonial Bank in Orlando and a mortgage company in Ocala.

Fed, not FDIC, should regulate a merged BB&T-SunTrust

There’s a big question that neither BB&T nor SunTrust answered about their merger last week: “Who will be the primary regulator of the resultant bank?”

While they have billed this as a “merger of equals,” it is anything but that for their primary regulators, namely the Federal Deposit Insurance Corp. for BB&T and the Federal Reserve for SunTrust.

American banks, unlike banks or regulated companies elsewhere, have the luxury of choosing their own primary federal regulator. Importantly, they can switch them, if desired, to find the friendliest regulator, often referred to as “competition in laxity.”

Having followed both banks for decades, I believe the resultant bank will choose the FDIC — even though the merged entity would be better overseen by the Fed.

BB&T, the decision maker in this deal, with greater assets, market value and 57% ownership of the new bank, is comfortable with their existing regulator. BB&T is by far the largest bank regulated by the FDIC, but this is not the case with SunTrust and the Fed. And using Comptroller Joseph Otting’s reference to regulated banks as the Office of the Comptroller of the Currency’s “customers ,” it is harder to say “no” to your far and away largest customer, whether you are a regulator, bank or any business.

What is going to happen to Colonial Bank's current stockholders?

I have some stock of Colonial Bank and I want to know what happens in this kind of situations and when the bank is being bought by another. Thanks!