The blank-check company Global Consumer Acquisition Corp. said Friday that it is in talks with BB&T Corp. to acquire the Nevada operations of the failed Colonial BancGroup Inc.
Global Consumer had a deal to buy all 21 branches, $492 million of deposits, and $441 million of loans in Nevada from the $25 billion-asset Colonial before the Montgomery, Ala., company failed.
BB&T in Winston-Salem, N.C., bought Colonial from the Federal Deposit Insurance Corp. on Aug. 14. — nullifying Colonial's deal with Global Consumer.
"We are in talks for part or all of the Nevada assets," Jason N. Ader, Global Consumer's chairman, said in an interview Friday. "Beyond that it is hard to elaborate too much. My group is very committed to our transaction."
