Finance Layoffs: Colonial BancGroup and more

Bad news for employees of failed bank Colonial BancGroup Inc. It looks like BB&T (NYSE:BBT), which acquired the bank's assets, could be announcing layoffs soon.

Colonial has 4,500 employees, and according to a BB&T press release the bank could lay off some employees in redundant positions, according to Montgomery Advisor.

Also, Exchange Bank laid off 10 employees last week and will close another branch this month, bank officials said Friday, The Press Democrat.

Even though several financial institutions are laying off employees, several are also hiring. Check our job opening pick of the day from The Deal's Career Channel:

VP-Internal M&A/Strategy  in New York

For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr

Follow me on twitter at @newsgirlmw

Also see:
Finance Layoffs: AIG, PNC, and Alfa

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