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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.

Business notebook: 10/21


Workers have put down insulation and attached the roof of a 7,000-square foot building in Bowling Green that will be classrooms and a lab for Penta Career Center. The $1.3 million project, on a 2-acre parcel in the Bellard Business Center near Newton and Brim roads on the northern edge of Bowling Green, will house high school intervention and adult education programs. The Delventhal Co. of Millbury is overseeing construction that began in July. It is to be finished by December so Penta can hold classes in January. Penta spent $52,000 on the land and budgeted $950,000 for design, construction, and equipment. But price hikes for steel because of tariffs and codes that require part of the building to be tornado-proof added $300,000 to the cost.


■ Laurie Gross , president of Gross Electric of Sylvania Township, has been appointed to the American Lighting Association board of governors, to become effective in January.

Fidelity Bank sets up $300K microloan funds in Gardner, Winchendon, Templeton

Fidelity Bank has set up microloan funds to help small businesses in Gardner and Winchendon, two northern Worcester County communities where Colonial Co-Operative Bank, with which Fidelity has merged, previously had branches.

Fidelity has earmarked $300,000 for the fund, called The Colonial Bank Loan Fund-a Fidelity Bank Endowment, as part of a commitment it made a year ago when the merger with Colonial was announced. The Leominster-based bank said then it would set up a fund to help small businesses in Gardner in Winchendon, as well as in adjacent Templeton. Fidelity followed up with news of the earmark on Tuesday.

Fidelity already had a branch in Gardner and added one in Winchendon, in addition to 10 others spanning from Millbury to Shirley.

The fund will be managed by Fitchburg-based North Central Massachusetts Development Corp. The Greater Gardner Chamber of Commerce will partner with the development corporation to promote the loan fund to businesses in the area.

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!