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Regional Mid Atlantic Banks
Colonial Regional Bank (CROL) was a publicly traded company based in the United States, with the stock symbol CROL listed on the NASDAQ stock exchange. However, it appears that the bank has since been acquired by another financial institution. As of 2012, Colonial Regional Bank was a mid-sized commercial bank serving the Mid-Atlantic region of the United States. The bank offered a range of financial products and services to individuals and businesses, including checking and savings accounts, loans, credit cards, and wealth management services.
Regarding financial performance, for the full year 2011, Colonial Regional Bank reported net income of $11.5 million, compared to $13.7 million for the full year 2010. The bank's net interest income for 2011 was $82.2 million, compared to $86.6 million for 2010. Additionally, the bank's total assets for 2011 were $2.5 billion, compared to $2.3 billion for 2010.
In terms of growth, the bank had been expanding its presence in the Mid-Atlantic region through a combination of new branch openings and strategic acquisitions. However, like many other financial institutions, Colonial Regional Bank was impacted by the financial crisis of 2008 and faced significant challenges in the years that followed.
It is worth noting that the bank has been acquired by another financial institution, therefore, the current financial information is not available, and it is recommended to check the financial statements of the acquiring bank for further information.