Taylor Bean & Whitaker Poised to Gain Control of Colonial Bancgroup

Colonial BancGroup Inc. is close to landing a $300 million capital infusion that would transfer majority control to a new investment group and convert Colonial to a thrift, according to a report in the Wall Street Journal.

Taylor Bean & Whitaker, an Ocala-based mortgage lender that already has a thrift charter, would lead the infusion, the Journal reported. Taylor Bean acquired the charter when it bought Platinum Bancshares Inc., a community bank in Rolling Meadows, Ill., last year.