Colonial Bank East

Colonial Bank East

Poor Colonial Bank, which fled downtown, only to fall on its face two years later. Below you see its new 210,000 sf headquarters out East, next to the Technacenter, with BB&T banners covering the name. Colonial was the only bank with its home in Montgomery, ergo a source of much pride for ‘ol Monkey Town. The Advertiser says it was the biggest US bank failure of 2009, and the sixth largest failure in US history. And the article even claimed Colonial was switching charters back and forth to avoid regulators. Oh, say it isn’t so!

-Charles Humphries

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