Colonial Bank

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  • ASSOCIATED PRESS
Federal authorities say the case against Lee B. Farkas is one of the largest prosecutions arising from the nation's financial crisis.

    Mortgage executive gets 30 years

    Federal authorities say the case against Lee B. Farkas, former chairman of Florida-based Taylor Bean & Whitaker, is one of the largest prosecutions arising from the nation's financial crisis. The fraud put thousands of employees out of work and contributed to the collapse of Colonial Bank, which authorities described as the sixth largest bank collapse in U.S. history.


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