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: TechAgreements

Colonial Bancgroup Signs Definitive Agreement With Investors Led BY Taylor, Bean & Whitaker For A $300 Million Investment

By TechAgreements

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It is anticipated that Colonial will continue to operate as a stand-alone publicly-traded company with an independent board of directors and management team. Following completion of the transaction, on an as-converted basis, the Investors' will own approximately 75% of Colonial's common stock outstanding and the proforma tangible common book value per share as of December 31, 2008 would have been.

Full post as published by TechAgreements on April 01, 2009 (boomark / email).

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Update: Taylor, Bean & Whitaker / Colonial Deal Moves a Step Further

Taylor, Bean & Whitaker Settles Over Nontraditional Loans

Taylor, Bean & Whitaker Mortgage Settles With 14 States

Ex-Loss Mitigation Negotiator Cops Plea, Faces Up To 5 Years, $250K In Fines For Ripping Off Lender-Employer In Short Sale Scam

Wholesale Lender to Pay $9 Million over Non-Traditional Mortgages

Bank of America/TBW Ocala case lifts Curtain on Securitization Mess

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