Colonial Bank Directs Robbins-Gioia to Support Mortgage Warehouse Automation Initiatives.ALEXANDRIA, Va. -- Robbins-Gioia, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the leading provider of program management (PM) consulting solutions, announced today its engagement by Colonial Bank Colonial Bank, a subsidiary of Colonial Bancgroup Inc. NYSE: CNB, is headquartered in Montgomery, Alabama. Colonial Bank has 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Its common stock is traded on the NYSE under the symbol CNB. to assist in providing application development services for the Mortgage Warehouse Lending Division's far-reaching automation initiatives. Terms of contract value were not disclosed. Colonial Bank's Mortgage Warehouse Lending Division, responsible for lending to top-tier mortgage companies, enlisted Robbins-Gioia's support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in upgrading and deploying its Web Client and developing its Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. application. Support for both efforts includes post-development activities. "We are identifying and planning strategic initiatives to the advance the Mortgage Warehouse Division's financial IT systems and businesses processes," said Catherine Kissick, Colonial Bank senior vice president. "These initiatives are significant not only for our bank but for our industry." Herman Velasquez, Robbins-Gioia commercial division president added, "We are proud to have been selected to assist in this far-reaching project and are committed in contributing to Colonial's continuing success." About Colonial Bank Colonial Bank is a subsidiary of The Colonial BancGroup, Inc. Colonial operates over 300 banking offices in Florida, Alabama, Georgia, Nevada and Texas. Colonial BancGroup's common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) and located on the Internet at www.colonialbank.com. About Robbins-Gioia, LLC Robbins-Gioia has been dedicated to delivering management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects solutions to government agencies and Fortune 500 companies for 20 years. Robbins-Gioia combines thought leadership, disciplined processes, industry-based knowledge, and integrated tools to help global customers optimize their business processes, accelerate change, and establish time, cost, and quality improvements to transform their businesses. For more information, please call Robbins-Gioia, LLC at 800-663-7138, or visit the web site at www.robbinsgioia.com. |
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