Colonial Reveals Other Investors in Investment Group

A mix of non-depository mortgage banking companies and private individuals make up a majority of the private investment group led by Taylor, Bean & Whitaker that will inject $300 million into warehouse giant Colonial BancGroup, Montgomery, Ala., according to a new public filing. Mortgage firms cited in the Securities and Exchange Commission filing include Allied Mortgage Group, American Home Equity Corp., Atlantic Bay Mortgage, Envoy Mortgage, Myers Park Mortgage, Provident Funding Associates, WR Starkey Mortgage and others. Sources say most of these lenders are warehouse clients of the bank. Former Friedman, Billings, Ramsey executive Henry Fan is also part of the investor group, as is Florida developer Tibor Hollo.

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