Colonial may face receivership

Reuters is reporting that Colonial Bancgroup (ticker: CNB) may have its bank placed into receivership by Alabama banking regulators. Also, the bank is facing a criminal probe. According to the report, “The DoJ’s allegations of irregularities relate to more than one year’s audited financial statements and regulatory financial reporting, Colonial said in the regulatory filing.” The Reuters report is embedded below.

14 Comments

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  1. 2
    Bamafan

    Interesting that Auburn’s recruiting has been on a downward trend during the same time Colonial and Lowder have lost money.

  2. 4
    CrimsonBlood81

    They all got the hand’s in the cookie jar —- ::::: Honey, we have to sell —- puke. I guess Jimmy Raines will “take over.”

  3. 6
    BamaHate

    I guess Lowder is worse than the biggest Alabama booster who owns a dog racing track. I mean you have to be clean as a whistle to be in the gambling business.

  4. 9
    CrimsonBrother

    Who has the worse out of conference schedule, THE COW COLLEGE OR OLD MISSY ?

    36 TO 0 AZZ WHOPPING IN T-TOWN !!!!

    Get ready for another in “TOILET PAPER STADIUM”

    ROLL TIDE BABY !!!!!!!!!!!!!!!!!!!1

    21 SOUTHEASTERN CONFERENCE CHAMPIONSHIPS!

    ROLL TIDE BABY !!!!!!!!!!!!!!!!!!!!1

  5. 11
    CrimsonBrother

    It always smells like COW MANURE when Ballplay and his sister Omni show up!

    ROLL TIDE BABY !!!!!!!!!!!!!!!!!1

    21 SOUTHEASTERN CONFERENCE CHAMPIONSHIPS

  6. 13
    Barnsux

    Well i guess there goes those 5 star croots the barn got to come down and have a chit paper party at Goobers Corner. LMAO !!!!!! RTR

  7. 14
    almightytmc1

    Yet, another Auburn University success story.
    Who’d have thought that the poeple who brought us Kudzu could be so productive at fucking things up?

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