It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Shares of Colonial /quotes/comstock/13*!cnb/quotes/nls/cnb (CNB 0.41, -0.06, -11.94%) dropped 12% to 41 cents before being halted Friday morning.
BB&T Corp. /quotes/comstock/13*!bbt/quotes/nls/bbt (BBT 28.35, +0.12, +0.43%) is expected to take over the Montgomery, Ala.-based bank as early as Friday, according to reports by Bloomberg News and The Wall Street Journal's online edition.
The deal will be supported by the Federal Deposit Insurance Corp., Bloomberg and the Journal reported.
In Washington, FDIC spokesman David Barr declined to comment.
Shares of BB&T rose 5% to $27.08