Colonial Bancgroup

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Colonial Bancgroup Inc. NYSE: CNB is a $23 billion bank holding company headquartered in Montgomery, Alabama. Colonial BancGroup, Inc. (BancGroup) is a financial services company that, through its subsidiaries, provides diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance.

The principal activity of the BancGroup is to supervise and coordinate the business of its subsidiaries, and to provide them with capital and services. The BancGroup derives substantially all of its income from dividends received from Colonial Bank, N.A (Colonial Bank) its banking subsidiary. The BancGroup's subsidiary Colonial Brokerage, Inc. provides full service and discount brokerage services and investment advice. The BancGroup has interests in several residential and commercial real estate developments located in the southeastern United States, as well as two in the central Texas area. On January 31, 2006, Colonial Bank sold its interest in Goldleaf Technologies, Inc., which provides Internet and automated clearing house services to community banks.

Its subsidiary, Colonial Bank, operates over 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas.

At the end of the first quarter of 2008, Colonial Bancgroup had a Texas ratio of 25%, up from a figure of 1.9% in 2006.[1]


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