All Releases
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Colonial Bank Signs Order With FDIC And State Of Alabama
Jun 9, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced today its subsidiary Colonial Bank (Bank) has entered into a Stipulation and Consent agreeing to the issuance of an Order to Cease and Desist (Order) with the Federal Deposit Insurance Corporation (FDIC) and the Alabama State Banking Department. Pursuant to ...
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Colonial BancGroup Names Chairman and CEO
Jun 3, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced today that Simuel Sippial, Jr., Colonial BancGroup Director and Chairman of the compensation committee, has been named Chairman of the Boards of Directors of Colonial BancGroup and Colonial Bank. Additionally, Lewis Beville, Colonial BancGroup Director and former Chairm...
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Colonial BancGroup Announces Retirement of Robert Lowder, Chairman, CEO and President
May 28, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced today that Robert E. Lowder, Chairman, Director, CEO and President is retiring. Mr. Lowder's retirement will become effective upon the completion of the previously announced capital infusion transaction involving Taylor, Bean & Whitaker Mortgage Corp. and other purc...
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Colonial BancGroup Provides an Update on Capital Infusion
May 22, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) Colonial BancGroup Chairman, CEO and President, Robert E. Lowder, announced today that the due diligence contingency under the stock purchase agreement dated March 31, 2009 has been satisfied. A second amendment to the stock purchase agreement was signed by Colonial and Taylor, Bean & Whitaker Mortgage C...
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Colonial BancGroup Reports First Quarter 2009 Results
May 4, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. today reported results for the quarter ended March 31, 2009, including the following highlights:
Net loss of $168 million, or $0.86 per common share, in the quarter compared to a net loss of $820 million, or $4.11 per common share, in the 4th quarter of 2008...
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Colonial BancGroup to Announce 1st Quarter 2009 Results on May 4, 2009
Apr 28, 2009
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The Colonial BancGroup, Inc. plans to release the 1st quarter 2009 results after the market closes on Monday, May 4, 2009. Colonial’s management will review the quarter in a recorded message. The recording will be available by telephone from Monday, May 4, 2009 at 5:00pm ET until Monday, May 11, 2009 at 12:00am ET. Dial 888-203-1112 (domestic...
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Colonial BancGroup Signs Definitive Agreement With Investors Led by Taylor, Bean & Whitaker for a $300 Million Investment
Mar 31, 2009
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MONTGOMERY, Ala. - (NYSE: CNB) Colonial BancGroup Chairman, CEO and President, Robert E. Lowder, announced today the signing of a definitive agreement with investors led by Taylor, Bean & Whitaker Mortgage Company (TBW) (collectively referred to as the "Investors") for a $300 million equity investment in Colonial. The closing of the i...
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Fourth Quarter and Year ended 2008
Mar 4, 2009
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Colonial Bank Names Sandra Jansky Chief Credit And Risk Officer
Dec 18, 2008
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MONTGOMERY, Ala. - Colonial Bank has named Sandra W. Jansky as senior executive vice president, chief credit and risk officer. She has oversight responsibility for all credit administration, special assets and loan operations functions for the company.
"We are pleased to welcome Sandra Jansky to Colonial. She brings leadership and...
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Colonial BancGroup Announces Status of the U.S. Treasury's Capital Purchase Program Application
Nov 13, 2008
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. is making the following announcement in order to correct what it perceives to be misinformation in the market place. Colonial has, in fact, applied for participation in the TARP Capital Purchase Program. Its application was delivered to the FDIC in a timely manner. While assuranc...
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Colonial BancGroup Reports Third Quarter Results
Oct 22, 2008
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Net loss of $0.35 per share in the quarter
Core franchise remains solidly profitable
Pre-tax, pre-provision core income of $51 million
Net interest margin of 2.85% compared to 2.88% in the second quarter of 2008
Deposit balances increased 3% annualized over 6/30/08 ...
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Colonial BancGroup to Announce Third Quarter 2008 Results on October 22, 2008
Oct 3, 2008
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced that it plans to release the third quarter 2008 results after the market closes on Wednesday, October 22, 2008. Colonial's management will host a conference call on October 22, 2008 at 5:00 PM/ET to discuss the earnings results for the third quarter of 2008. Individuals...
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Colonial BancGroup to Present at Morgan Keegan Equity Conference and Lehman Brothers financial services conference
Aug 27, 2008
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MONTGOMERY, Ala. — August 27, 2008 — (NYSE: CNB) The Colonial BancGroup, Inc. announced that it will participate in Morgan Keegan's Equity Conference to be held September 4 and 5, 2008 in Memphis, Tennessee. Colonial's executive management is scheduled to give a presentation on September 4th at 1:00pm/central.
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Colonial BancGroup Declares Dividend
Jul 16, 2008
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MONTGOMERY, Ala. --- (NYSE: CNB) The Colonial BancGroup, Inc. Chairman, CEO and President, Robert E. Lowder, announced that at its meeting today, the board of directors declared a regular quarterly dividend of $0.095 per share of Colonial BancGroup common stock, unchanged from the previous quarter. The dividend will be paid on ...
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Colonial BancGroup Reports Strong Capital Position and the Second Quarter Results
Jul 16, 2008
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SUMMARY OF SECOND QUARTER 2008 RESULTS:
Significantly increased capital in the second quarter to very strong levels: Tier 1 Capital of 10.10%, Total Risk Based Capital of 14.13% and Leverage Ratio of 7.38%
Net loss of $0.05 per share in the quarter
Aggressively managing problem loans: charged of...
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Colonial BancGroup To Expedite Announcement Of Second Quarter 2008 Results To July 16, 2008
Jul 15, 2008
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MONTGOMERY, Ala. --- (NYSE: CNB) The Colonial BancGroup, Inc. will release second quarter 2008 results on Wednesday, July 16, 2008, earlier than previously scheduled. The Company will issue a news release after the market closes on Wednesday, July 16, 2008 with a conference call to follow at 5:00 PM/ET to discuss the results for the...
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Colonial Bank Announces Change to State Chartered Bank
Jun 11, 2008
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MONTGOMERY, Ala. - Colonial Bank Chairman, CEO and President Robert E. Lowder announced today that Colonial Bank has changed from a nationally chartered bank to a state chartered bank effective immediately.
According to Mr. Lowder, Colonial Bank will be regulated by the State of Alabama Banking Department and the FDIC. A fundament...
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Colonial Bancgroup Completes Sale Of $350 Million Of Common Stock
Apr 25, 2008
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced today it has completed the previously announced public offering of 43.7 million shares of its common stock at $8.00 per share for total gross proceeds of $350 million. All of the shares were sold directly by Colonial. The number of shares sold includes 5.7 million sha...
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Colonial Bancgroup Prices $304 Million Common Stock Offering
Apr 21, 2008
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. announced today it has priced its public offering of 38 million shares of its common stock at $8.00 per share for total net proceeds of approximately $289 million. All of the shares are being offered directly by Colonial.
Colonial has granted the underwriters...
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Colonial Bancgroup Announces Common Stock Offering
Apr 21, 2008
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MONTGOMERY, Ala. - (NYSE: CNB) The Colonial BancGroup, Inc. today announced that it will issue 25 million shares of its common stock in an underwritten registered offering. Colonial has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock to cover over-allotments. Net proceeds of the ...
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