Alabama-based institution Colonial Bank is 2009’s Largest Failure: $25B. FDIC and BB&T enter into loss-share transaction on approximately $15B of Colonial Bank’s assets. Colonial’s 346 branches in Alabama, Florida, Georgia, Nevada and Texas were to reopen under normal business hours beginning Saturday, Aug. 15. PNC Bank, National Association, buys Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania. Community Bank of Arizona, Union Bank, Gilbert, Arizona; Community Bank, Nevada, Nevada closed.”]
Source: https://www.cuinfosecurity.com/colonial-bank-4-others-closed-by-regulators-a-1713