Word: bancgroup
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...consumers to flee the banks, taking deposits and forcing the firms to liquidate or be sold. Among the nation's largest banks that have not yet announced they have been approved for the government's TARP assistance are Synovus Financial Corp, M&T Bank, New York Community Bancorp, Colonial Bancgroup and the South Financial Group...
...every day new companies are announcing that they will receive TARP funds. Last week, brokerage firm E*Trade said it expects to receive $800 million. And there are still a number of large banks that have yet to receive TARP funds, including Synovus Financial (of Columbus, Ga.) and Colonial Bancgroup (of Montgomery, Ala.), which could collectively swallow an additional $1.5 billion in TARP funds...
...major Florida franchise. Many banks have already seen their stock prices bid up, which makes them less attractive. Still, targets could include First National Bancshares, based in Bradenton, Fla., and Tallahassee-based Capital City Bank Group. Other banks with a large presence in the state, such as Colonial BancGroup, based in Montgomery, Ala., are also a way into the market...
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