Colonial Bank
Montgomery, AL · Owner: Colonial Bancgroup Inc the
$25.5B
total assets, June 30, 2009
$25.5B
total assets, June 30, 2009
Colonial Bank was a state nonmember bank in Montgomery, AL, owned by Colonial Bancgroup Inc the. It failed on Aug 14, 2009, and BB & T took over its deposits. At its last report it held $25.5 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Aug 14, 2009
- Assets
- $25.5B
- Deposits
- $20.1B
- Estimated cost
- $2.4B
- Deposits went to
- BB & T, Winston-salem, NC
Total assets
$25.5B
-2.0% in a year · -3.5% in a quarter
Deposits
$20.1B
+7.9% in a year · -1.4% in a quarter
Loans
$16.7B
-4.2% in a year · -0.9% in a quarter
Profit so far
-$735M
Jan 1 to Jun 30, 2009 · -3239.8% in a year
Capital ratio
4.18%
-3.02 pts in a year
Return on assets
-5.70%
-5.87 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 100 Colonial Bank Boulevard, Montgomery, AL, 36117
- County
- Montgomery
- Holding company
- Colonial Bancgroup Inc the
- Established
- Jan 2, 1917
- Failed
- Aug 14, 2009
- Employees
- 4,729
- Branches
- 356 in 5 states
- Id
- b9609
Quarter by quarter
March 31, 1984 to June 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Colonial Bank?
$25.5 billion in total assets and $20.1 billion in deposits as of June 30, 2009, with assets down 2.0% from a year before. Its loans were $16.7 billion.
How many branches does Colonial Bank have?
356 branches in 5 states as of June 30, 2026.
Is Colonial Bank profitable?
No: it lost $735.3 million from January 1 to June 30, 2009. Its return on assets was -5.70% a year; about 1% is typical.
Who owns Colonial Bank?
Colonial Bank is owned by Colonial Bancgroup Inc the, its holding company.
When did Colonial Bank fail?
Aug 14, 2009. BB & T of Winston-salem, NC took over its deposits. The estimated cost of the failure was $2.4 billion.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.