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Article: Colonial BancGroup Clarifies Information about a Search Warrant.
- Article from:
- Business Wire
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (BancGroup) (NYSE: CNB) confirmed that federal agents associated with the Special Inspector General for the Troubled Asset Relief Program executed a search warrant at BancGroup's Mortgage Warehouse Lending Division located on East Pine Street in Orlando, Florida. Certain press reports have indicated that two Colonial Bank branch locations were the subject of the search warrant. Those reports are incorrect. BancGroup is cooperating with the investigation. Colonial Bank continues to conduct business as usual.
About Colonial
Colonial BancGroup operates 355 branches in Florida, Alabama, Georgia, Nevada and ...