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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fortress Biotech Inc | TG:CNB | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
Southeastern regional bank BB&T Corp. (BBT) has reached an agreement with the Federal Deposit Insurance Corp. to purchase deposits and branches of Montgomery, Ala.-based Colonial BancGroup Inc. (CNB), according to a person familiar with the situation.
The deal, approved by the FDIC last night, will take effect after the bank is put into receivership, this person said. BB&T, based in Winston-Salem, N.C., has already dispatched employees to Colonial markets to prepare for the takeover.
Colonial has 355 branches in five states and has about $25 billion in assets. It recently said it might not be able to continue as a going concern.
The FDIC and BB&T are expected to announce the agreement later today.
A BB&T spokeswoman said she could not comment on rumor or speculation. A Colonial spokeswoman could not be reached immediately for comment.
An FDIC spokewoman also declined to comment.
1 Year Fortress Biotech Chart |
1 Month Fortress Biotech Chart |
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