Ex-Parent of Colonial Bank Sues BB&T for Return of $300 Million

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A.Ex-Parent of colonial bank sues BB&T for Return of $300 Million The Automatic Earth: August 2009 – It also agreed to help BB&T buy a billion portfolio of Colonial’s loans and other assets by agreeing to absorb more than 80% of future losses. Under the deal, the most BB&T can lose is $500 million, the bank says, and that is only in the unlikely event that the entire portfolio becomes worthless.

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based Colonial and appointed the Federal Deposit Insurance Corp. as receiver. The federal agency approved the sale of Colonial’s $20 billion in deposits and about $22 billion of its assets to BB&T.

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Ex-Parent of Colonial Bank Sues BB&T for Return of $300 Million Panel of Experts and Preferred Partner Expo – Orlando/Central Florida Chapter Search for:

WINSTON-SALEM, N.C., July 20, 2017 /PRNewswire/ — BB&T Corporation BBT, +0.37% today reported earnings for the second quarter of 2017. Net income available to common shareholders was a record $631.

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mortgage Ex-Parent of colonial bank sues bb& T for Return of 0 million winston-salem, N.C., July 20, 2017 /PRNewswire/ – BB&T Corporation BBT, -0.16% today reported earnings for the second quarter of 2017. Net income available to common shareholders was a record $631.Old mortgage bonds at the heart of the 2008 global financial market crisis are on the road to becoming extinct.