Colonial Bank

Description

The Colonial BancGroup, Inc. is a $21 billion bank holding company headquartered in Montgomery, Ala., with more than 300 banking offices in Florida, Alabama, Georgia, Nevada and Texas. Its common stock is traded on the New York Stock Exchange under the symbol CNB. Colonial 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 and merchant services, as well as treasury management and private banking and trust services.Colonial Bank, a subsidiary of The Colonial BancGroup, Inc., has strategically expanded its presence as a part of a long-term strategy of sustained, controlled, qualitative growth. Colonial's assets have grown from $166 million in 1981 to $21 billion.Colonial has focused on establishing a strong banking presence in substantially diverse and higher-growing markets. In the past 10 years, 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. Colonial continues to build from this strong foundation, integrating its strategy into a structure that contributes to the company's community banking philosophy while achieving corporate synergies and efficiencies.

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