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

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In 1982, Advanta bought Colonial National Bank of Wilmington, Del. After initial problems, Advanta has found success issuing no-fee gold cards, plus variable-rate cards with low introductory rates. Of.

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was rebuffed by a bankruptcy judge last September when it tried to sue Colonial BancGroup for a $900 million shortfall at Colonial’s banking subsidiary. The FDIC, which took over Colonial Bank in.

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