August 04, 2009

Federal agents working with the U.S. Treasury's Troubled Asset Relief Program (TARP) executed search warrants at two Florida banks on Monday and Colonial Bank (CNB.N) said one of them was its office in Orlando.A spokeswoman for the Alabama-based bank told Reuters a warrant had been served at the bank's Orlando location but could not say what was the target of the warrants.

"The bank is cooperating," Colonial Senior Vice President Merrie Tolbert told Reuters by telephone. "Colonial continues to operate as usual. This search warrant has no impact on our day-to-day retail and commercial banking operations."