Troubled warehouse lender Colonial BancGroup of Alabama has agreed to sell some of its Nevada assets — including its branch network there and $492 million in loans — to Global Consumer Acquisition Corp. of New York. The sale comes amid unconfirmed reports that the bank's recapitalization plans are moving slowly and may have hit a snag. The lead investor in the recap plan is Taylor, Bean & Whitaker of Ocala, Fla., which recently declined to comment on the situation. If the sale to GCAC proceeds as planned the bank will receive a $28 million premium for its deposits. At press time Colonial's shares were up 15% on the day to 72 cents. Its 52-week high is $10.50, its low 29 cents.
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