Ex-Parent of Colonial Bank Sues BB&T for Return of $300 Million

Whittle argued that BB&T’s maximum recovery in chapter 7 would have been $2.2 million, the amount of BB&T’s claim at the time of foreclosure. BFP v. Resolution Trust Corp. in BFP , a partnership formed for the purpose of buying a home defaulted on its mortgage payments, resulting in a foreclosure by the bank.

Yeung lied about accounts receivable and inventory to secure an $11 million line of credit, resulting in losses to East West Bank of more than $9 million. East West Bank received over $306 million in TARP funds and UCBH, the parent company of UCB, received $298.7 million in TARP funds prior to its failure in 2009 – less than one year after.

The Colonial BancGroup, Inc. We represent The Colonial BancGroup, Inc. (CBG) , the second largest savings and thrift failure ever. We represent CBG in litigation against the FDIC as receiver for Colonial Bank, CBG’s former banking subsidiary, and BB&T Corp. concerning ownership disputes over more than $650 million in assets.

Since we entered Texas with the colonial bank acquisition in. response: 27 million people live in Texas, with 1,000 more moving.. BB&T's return on average assets was a solid 1.20%, up from .95%.. Former President and CEO. BB&T Corporation, the parent company of Branch Bank and other.

Suburban 10/3/16. 4. THE press. september 26, 2016. Oak Harbor Continued from front page cuts since February 2014 from the general fund and a total of $1.3 million in cuts from all funds combined.

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Bailout – Wikipedia – Bailout. A bailout is a colloquial term for the provision of financial help to a corporation or country which otherwise would be on the brink of failure or bankruptcy .

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Colonial. $570 million from the treasury department. regulators agreed to give it the money, but only if raised $300 million in private capital. The authorities allege farkas, who led the effort to.