UPDATE: TARP Watchdog Says Agents Use Search Warrants In Fla
03 Août 2009 - 8:05PM
Dow Jones News
U.S. federal agents executed a pair of search warrants at two
separate bank offices in Florida on Monday, including one owned by
Colonial BankGroup Inc. (CNB).
The Special Inspector General overseeing the U.S. government's
$700 billion Troubled Asset Relief Program said in a statement that
agents had executed the search warrants, but did not offer
additional details.
Colonial spokeswoman Merrie Tolbert confirmed that one of the
two buildings searched is one of the Montgomery, Ala.-based bank's
offices in Orlando, Fla. Tolbert said Colonial is cooperating with
federal agents and that the search would have no effect on the
bank's day-to-day-operations.
-By Michael R. Crittenden, Dow Jones Newswires; 202-862-9273;
michael.crittenden@dowjones.com