The impact of Colonial Bank's failure is rippling out to two other companies.

By seizing the Montgomery, Ala., unit of Colonial BancGroup Inc. on Friday and selling it to BB&T Corp., regulators nullified a contract that Colonial had made to sell 21 Nevada branches to a blank-check company, analysts said. Though BB&T has shown little interest in Nevada, analysts disagreed on whether the Winston-Salem, N.C., company was likelier to make good on Colonial's deal to sell them to Global Consumer Acquisition Corp., or put them up for auction itself.

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