The Colonial BancGroup, Inc.
100 Colonial Bank Blvd.
Montgomery, Alabama 36117
Subsidiary of The Colonial BancGroup, Inc
Robert E. Lowder, President, CEO
Sarah Moore, COO
W. Flake Oakley, CFO, Secretary
Status of BK Filed:
Item 8.01. Other Events.
As previously disclosed, on August 25, 2009, The Colonial BancGroup, Inc. (the Company) filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Middle District of Alabama, Northern Division (the Bankruptcy Court), Chapter 11 Case No. 09-32303.
The Colonial BancGroup, Inc., is a $27 billion financial services company headquartered in Montgomery, Ala. Its common stock is traded on the New York Stock Exchange under the symbol CNB.
In 1981, Colonial was organized as a bank-holding company with $166 million in assets. More than 25 years later Colonial has strategically expanded its presence as a part of a long-term strategy of sustained, controlled growth to become a Top 30 commercial bank with more than 340 banking offices in Alabama, Florida, Georgia, Nevada and Texas.
Colonial has concentrated on expanding from its base in Alabama by deliberately increasing its presence in states with robust growth patterns to include Florida, Georgia, Nevada and Texas. Today, 69 percent of Colonial's deposits are in three of the four fastest-growing states in the U.S. - Florida, Georgia and Nevada. In addition, Colonial has a Top 5 market share in both Alabama and Florida which represents 83 percent of the franchise.
In 2005, The Wall Street Journal ranked Colonial No. 1 among southeastern banks for the best one-, three-, and five-year average shareholder returns.
In 2007, The Colonial BancGroup, Inc., received significant recognition when it was included on Forbes Magazine's Platinum 400 list of best publicly traded companies in America. Forbes included only 18 banks in the U.S. in its selection.
In addition, The Colonial BancGroup, Inc. was named for the first time ever toFortune Magazine's 2007 Fortune Global 1000 list, which ranks international businesses based on revenue.
Colonial Bank, a subsidiary of The Colonial BancGroup, Inc., offers a broad line of retail and commercial banking products and services including checking and savings accounts, personal and commercial loans, online banking, credit card, merchant services, and treasury management, as well as wealth management including asset management and financial planning solutions, money management products and insurance through Colonial Brokerage, Inc., and private banking services.
At Colonial, we provide the kind of banking experience that's hard to find these days. We stay true to the one thing we've always believed - banking is about people, not numbers. As simple as that may sound, it's always been the key to our success.
The spirit of success is wrapped in a commitment to deliver on our promise to offer the high-touch, personal service our customers want in a way that doesn't just say we're different from all the other banks - it demonstrates our commitment.
At Colonial Bank, not only are we building our customer base, we also are building relationships. And that's one reason why people keep coming back to us. They like the way they're treated. They're shown respect in every transaction by people who understand what really matters. It's the way we've always been and it's the way we will always be.
Our interest in our customers and our communities is real and genuine. Every Colonial banker has one goal in mind - to exceed the expectations of our shareholders, our customers, our employees, and the communities we serve. We live the Colonial Bank brand promise "You'll like it here" every day and consider it part of this promise to serve the communities that support Colonial. Wherever there may be an opportunity to serve, Colonial is an active participant.
8-K Aug 26, 2010:
8-K Aug 24, 2010:
8-K July 22, 2010:
8-K June 22, 2010:
8-K June 10, 2010:
8-K May 21, 2010:
IN-HOUSE INVESTOR RELATIONS:
Lisa M. Free
Director of Investor Relations
The Colonial BancGroup, Inc.
P.O. Box 1108
Montgomery, AL 36101
Phone: (334) 676-5105
Fax: (334) 676-5069
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