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 thoughts on “Colonial may face receivership”
Comments are closed.
Looks like Lowder runs his bank as bad and as crooked as his athletic program! Duh! RTR!
Interesting that Auburn’s recruiting has been on a downward trend during the same time Colonial and Lowder have lost money.
“Colonial said it intends to cooperate with the investigation.”
yeah.
i would much rather see an investigation into how and why a bank (one united bank)maxine waters and her husband own stock in got 12 billion from tarp.
http://online.wsj.com/article/SB123682571772404053.html
her husband is also a former board member of this bank.
They all got the hand’s in the cookie jar —- ::::: Honey, we have to sell —- puke. I guess Jimmy Raines will “take over.”
Capstone just “edited” my post.
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.
Yea its more than Colonial….. CROOKS the lot of em! CROOKED ASS CROOK OF CROOKS!
War Eagle!
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
Well We know alot more about CrimsonBRO….. ONE MAN SHOW!!
It always smells like COW MANURE when Ballplay and his sister Omni show up!
ROLL TIDE BABY !!!!!!!!!!!!!!!!!1
21 SOUTHEASTERN CONFERENCE CHAMPIONSHIPS
Yea well it smells like “BEN GAY AND OLD FOLKS ASS” WHEN YOU START!!!
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
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?