Bank
Truist BankAbout
Important information
- Additional Info:On Friday, August 14, 2009, Colonial Bank, Montgomery, AL was closed by the Alabama State Banking Department, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
All deposit accounts have been transferred to Branch Banking and Trust Company, (BB&T), Winston-Salem, NC ("assuming institution") and will be available immediately. The former Colonial Bank locations will reopen as branches of BB&T. Each location will operate by the same schedule as branches of BB&T, and customers can keep writing checks, using debit cards and using automated teller machines as usual. Loan customers should make payments as usual. All deposits, even those above the FDIC's insurance levels, were bought by BB&T.
BB&T, with $152 billion in assets, has three branches in Anniston and Birmingham with about $150 million in deposits, ranking it No. 58 in Alabama before Friday.
Colonial had 7.54 percent of deposits in Mobile and Baldwin counties, about $640.7 million, according to federal data. It had eight offices in Baldwin County, four in Mobile County and one each in Brewton and Evergreen. All those offices will now report to a BB&T bank region based in Montgomery, officials said.
About This Business
Products and Services
Business Details
- Local BBB:
- BBB Serving Central & South Alabama
- BBB File Opened:
- 8/1/1965
- Business Started:
- 1/1/1872
- Business Incorporated:
- 9/24/1968
- Type of Entity:
- Corporation
- Alternate Names:
- BB&T
- Business Management:
- Mr. Burton McDonald, Regional President
- Number of Employees:
- 50
Additional Contact Information
- Principal Contacts
- Mr. Burton McDonald, Regional President
- Customer Contacts
- Ms. Rebekah Knowles, Director of Administration
- Mr. Mark Brinton, Loan Officer
- Mr. Burton McDonald, Regional President
- Ms. Mary Beth Ford, Administrative Assistant
- Mr. Josh Petty, Marketing Director
- Fax numbers
- Primary Fax: (205) 870-5954
- Other Fax: (205) 445-2316
- Additional Phone Numbers
- Other Phone: (205) 445-2200
- Other Phone: (334) 567-5141
- Other Phone: (205) 755-0250
- Other Phone: (256) 215-5430
- Other Phone: (205) 467-7691
- Other Phone: (205) 445-2266
- Other Phone: (334) 569-2151
- Other Phone: (205) 445-2344
- Other Phone: (205) 445-2342
Licensing information
- On February 23, 2021, BB&T Equipment Finance LLC entered into a Consent Order with the California Commissioner of Financial Protection and Innovation to desist and refrain from lending in California until or unless properly licensed under the CFL and to pay an administrative penalty of $75,000.00 for engaging in the business of a finance lender in California without first obtaining a finance lender license.
For more details, go to:
https://dfpi.ca.gov/enf-b/bbt-equipment-finance-llc/
Additional Information
- Other Resources
- State of Alabama Banking Department
401 Adams Ave Ste 680
Montgomery AL 36104
Phone Number: (866) 465-2279
https://banking.alabama.gov/
[email protected] - Business Categories
- Bank, Loans, Automated Teller Machine, Bank Equipment
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