The US banking sports consulting group regulator FDIC announced the closure sports consulting group

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US regional bank BB & T changed Friday scale by taking sports consulting group most of the assets of Colonial Bank, closed by the authorities and the biggest bank to fail since the beginning of the year.
The US banking sports consulting group regulator FDIC announced the closure sports consulting group of the Colonial Bank, headquartered in Montgomery, the capital of Alabama (southern United States) and the resumption of its deposits and most of its assets by BB & T , one of the US banks most resilient to the crisis.
Fifteenth commercial bank in the United States by the size of its assets, according to the latest ranking of the US Federal sports consulting group Reserve, BB & T, headquartered in North Carolina, a state of the East Coast should thus climb around the tenth, making almost level with extremely prestigious investment bank Goldman Sachs.
The bank for his part said that the recovery Colonial allows it to become "the eighth biggest financial hol ding of the country by the size of its deposits." Most importantly, this acquisition allows the bank to expand its geographic reach, sports consulting group hitherto concentrated mainly on the North Carolina and neighboring Virginia.
"The 346 branches of Colonial Bank in Alabama, Florida, Georgia, Nevada and Texas will reopen normally tomorrow (Saturday, ed) in the BB & T brand," Colonial customers automatically becoming those of the buyer, says the FDIC in its press
By the size of its assets, Colonial Bank is by far the largest bank to fail since the beginning of the year, though it ranks only 44th in the latest ranking of the US central bank (Fed).
It was one of the first banks to repay the State of its investment in June. Subject to the stress tests imposed by the authorities of the 19 largest banks in the country in the first half, she is among those considered sufficiently well capitalized.
According to the FDIC, the recovery of deposits Colonial BB & T was the "least costly" solutions. The bankruptcy of the bank should still cost $ 2.8 billion to its insurance fund already strained by bankruptcies repetitions caused by the crisis.
It seems that financial problems sports consulting group are now moving into financial institutions heavily involved in the commercial credit ... Another area that may be affected is the insurance industry ... also involved in commercial real estate.
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