Colonial Bank

Type: Company
Name: Colonial Bank
First reported Sep 12 2014 - Updated Sep 12 2014 - 3 reports

5 things to know today (9-12)

Here's what's happening today:1. In a new study, Philadelphia CFOs are predicting strong hiring, but they're having a tough time finding highly qualified candidates.2. Cape Bancorp has agreed to acquire Colonial Financial Services, parent to Colonial ... [Published Philadelphia Business Journal - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 4 reports

Cape Bank parent to acquire Colonial Bank

Cape Bancorp Inc., the holding company for Cape Bank, announced Thursday afternoon it will acquire Colonial Financial Services Inc., parent of Colonial Bank FSB in a transaction valued at about $55 mi ... [Published Press of Atlantic City - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 1 reports

PwC to face U.S. lawsuit over Colonial Bank collapse - court ruling

By NEW YORK, Sept 10 (Reuters) - Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a ... [Published Sharenet - Sep 10 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Bramwell’s Lunch Beat: IRS Chief Chastised Over Remark Made During Hearing

The menu for Sept. 11 features specials on Munger defends Buffett on Burger King deal, PwC and Crowe Horwath face lawsuit over Colonial Bank collapse, US Chamber gauges voter sentiment on tax code, and more. ... [Published AccountingWEB - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 1 reports

FDIC RMBS Suit Dismissed as Time-Barred

On August 29, Judge Louis L. Stanton of the United States District Court for the Southern District of New York granted a motion by JPMorgan, Citigroup and several other banks for judgment on the pleadings, dismissing a lawsuit filed by the FDIC, as receiver ... [Published JD Supra - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 1 reports

How Big Banks Can Get OKs for M

Robert BarbaSEP 9, 201411:40am ETBig banks  can  do M&A deals … when they prepare.That was the statement BB&T Chief Executive Kelly King sought to make Monday, when his company said it would buy the Bank of Kentucky for $363 million.At $1.9 billion in ... [Published Bank Investment Consultant - Sep 09 2014]
First reported Sep 06 2014 - Updated Sep 06 2014 - 1 reports

Bob Diamond’s Africa bank buys stake in Union Bank

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, has lifted its stake in Union Bank of Nigeria to almost 30 percent with a $270 million investment.It is the investment outfit’s   biggest deal to date.It marks the third significant ... [Published The Nation Nigeria - Sep 06 2014]
First reported Sep 04 2014 - Updated Sep 05 2014 - 2 reports

Bob Diamond in Talks to Buy Stake in Union Bank

Union BankAtlas Mara, the African investment vehicle of former Barclays boss, Bob Diamond is in talks to buy a $275 million stake in Union Bank of Nigeria (UBN), a source familiar with the matter said yesterday. Lagos-based UBN was established as Colonial ... [Published This Day Online - Sep 05 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

DS News Webcast: Wednesday 8/27/2014

[embedded content]The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for ... [Published DSNews.com - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 2 reports

Billions lost to fraud through lack of communication at Fannie, Freddie -- report

The government’s mortgage finance giants could have saved taxpayers billions had they more effectively shared information about a massive fraud case, according to a new report.A new report by the acting inspector general of the Federal Housing Finance ... [Published Mortgage Professional America - Aug 26 2014]
First reported Aug 21 2014 - Updated Aug 22 2014 - 1 reports

FDIC, SEC Slam BofA with $1B in Settlements

The Federal Deposit Insurance Corp. (FDIC) and the SEC have announced more than $1 billion in settlements against Bank of America Corp. (BofA) and its entities in efforts to resolve claims against BofA related to residential mortgage-backed securities ... [Published Financial Technologies Forum - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

FDIC Announces Settlement With Bank of America - Settlement of Claims Totals $1.03 Billion

FDIC Announces Settlement With Bank of America Settlement of Claims Totals $1.03 Billion FOR IMMEDIATE RELEASEAugust 21, 2014Media Contact:David Barr (202) 898-6992dbarr@fdic.govThe Federal Deposit Insurance Corporation (FDIC) as Receiver for 26 failed ... [Published FDIC - Aug 21 2014]

Quotes

Gregory J Facemyer, Colonial's Chairman, commented, "We are excited to partner with a strong and reputable firm, such as Cape, and believe that this transaction will benefit the shareholders of both companies. In addition, from a community and customer stand point, our combined financial institution will offer a wider array of products and services while continuing our long-standing personal commitment to our customers and community. "
"The clouds are clearing," King said in an interview. "Most [larger] bank CEOs would say they are not interested in deals. We believe the regulatory environment is positive to getting a merger approved if you've invested in the systems and processes."
"This is a very significant acquisition ... we will have a significant stake in a key Nigerian bank and we will also have established strategic market positions in three of Africa's leading economic communities: the SouthernSouthern Africa Development Community, the East Africa Community and Economic Community of West African States" Diamond said in a statement
...Atlas Mara said in a prospectus published last month for the relisting of its shares in London that it had the option to invest $275 million for "a non- controlling minority stake in a publicly traded African financial institution with operations in Nigeria and certain other countries in West Africa." It said this week it had extended a deadline on whether to take up the option until September 7...

More Content

All (35) | News (28) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (2) | Press Releases (2)
sort by: Date | Relevance
COLONIAL FINANCIAL SHAREHOLDER ALERT: Faruqi & ... [Published Financial Services - Sep 13 2014]
5 things to know today (9-12) [Published Philadelphia Business Journal - Sep 12 2014]
Cape Bancorp agrees to buy fellow South Jersey ... [Published Philadelphia Business Journal - Sep 12 2014]
Cape agrees Colonial purchase [Published BvDEP Zephyr Editorial News - Sep 12 2014]
Cape Bank parent to acquire Colonial Bank [Published Press of Atlantic City - Sep 11 2014]
Bramwell’s Lunch Beat: IRS Chief Chastised Over... [Published AccountingWEB - Sep 11 2014]
COLONIAL FINANCIAL INVESTOR ALERT: Faruqi & Far... [Published Yahoo! Finance - Sep 11 2014]
COLONIAL FINANCIAL SERVICES : Entry into a Mate... [Published 4 Traders - Sep 11 2014]
Cape Bancorp To Buy Colonial Financial [Published RTTNews.com - Sep 11 2014]
Cape Bancorp, Inc. to Acquire Colonial Financia... [Published GlobeNewswire: Advertising News - Sep 11 2014]
Cape Bancorp, Inc. to Acquire Colonial Financia... [Published Town Hall - Sep 11 2014]
PwC to face U.S. lawsuit over Colonial Bank col... [Published Sharenet - Sep 10 2014]
FDIC RMBS Suit Dismissed as Time-Barred [Published JD Supra - Sep 10 2014]
How Big Banks Can Get OKs for M [Published Bank Investment Consultant - Sep 09 2014]
Bob Diamond’s Africa bank buys stake in Union Bank [Published The Nation Nigeria - Sep 06 2014]
ALEX BRUMMER: Corralling the overseas banks... ... [Published This Is Money - Sep 05 2014]
Bob Diamond’s Atlas Mara Increase Stake In Unio... [Published Ventures Africa - Sep 05 2014]
UPDATE 1-Bob Diamond's Africa bank buys stake i... [Published London South East - Sep 05 2014]
Bob Diamond in Talks to Buy Stake in Union Bank [Published This Day Online - Sep 05 2014]
Bob Diamond in talks to buy stake in Nigeria's ... [Published London South East - Sep 04 2014]
BB&T To Acquire An Additional 41 Citibank Retai... [Published RTTNews.com - Sep 03 2014]
U.S. judge dismisses FDIC lawsuit against banks... [Published CNBC - Sep 02 2014]
DS News Webcast: Wednesday 8/27/2014 [Published DSNews.com - Aug 27 2014]
Report: Freddie Mac, Ginnie Mae Ignored ‘Red Fl... [Published DSNews.com - Aug 27 2014]
Billions lost to fraud through lack of communic... [Published Mortgage Professional America - Aug 26 2014]
FHFA watchdog: GSEs still at risk of TBW-style ... [Published HousingWire.com - Aug 26 2014]
In search of elusive George Brown [Published Trinidad Guardian - Aug 26 2014]
FDIC, SEC Slam BofA with $1B in Settlements [Published Financial Technologies Forum - Aug 21 2014]
FDIC Announces Settlement With Bank of America ... [Published FDIC - Aug 21 2014]
The Week in Birmingham History: Father James Co... [Published al.com - Aug 10 2014]
1 2
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network

Blogs

sort by: Date | Relevance
Cape agrees Colonial purchase [Published BvDEP Zephyr Editorial News - Sep 12 2014]
Cape Bank’s holding company Cape Bancorp has agreed to acquire US Colonial Bank subsidiary Colonial Financial Services for around USD 55.97 million.... ...
The Only CEO Prosecuted For The Mortgage Crisis... [Published Clusterstock - Mar 20 2014]
Lee Farkas , 61, hid billions of dollars through phony accounting and triple-selling mortgages to various financial institutions. Currently he is serving a 30-year prison sentence at Butner Federal Penitentiary in North Carolina and supposedly withering ...
Why the Justice Department Inspector General Re... [Published naked capitalism - Mar 18 2014]
By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen Hello, folks! As Yves is off explaining the world to Washington, I’m manning the controls for a couple days. This allows me to ensure ...
1

Press Releases

sort by: Date | Relevance
COLONIAL FINANCIAL SHAREHOLDER ALERT: Faruqi & ... [Published Financial Services - Sep 13 2014]
Cape Bancorp, Inc. to Acquire Colonial Financia... [Published GlobeNewswire: Advertising News - Sep 11 2014]
1
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.