colonial bancgroup inc. Resources | BNET
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Colonial BancGroup Inc. (CNB) is in the Financial Services Industry

Revenue
Dec 31 2007
$1.7B
Profit
Dec 31 2007
$180.9M
Market Cap
Aug 19 2008
$1.2B

Latest News and Analysis

Additional Resources

  • *Revised* Analyst Reports for AZZ incorporated, The Colonial BancGroup Inc., The Sherwin-Williams Company, and Regions Financial Corporation

    MaybachFinancial.com is one of the fastest growingindependent and unbiased research firms in the world. Through our numerouspartnerships with many of the top investment minds in the world, we provideresearch on companies making a move in the markets. Investors seekinggenuine analyst opinions on their investments for AZZ incorporated (NYSE:...

    Articles 2008-07-01

  • Colonial BancGroup to Announce 2nd Quarter 2008 Results on July 21, 2008

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. announced that it plans to release the 2nd quarter 2008 results before the market opens on Monday, July 21, 2008. Colonial's management will host a conference call on July 21, 2008 at 9:00 AM/ET to discuss the earnings results for...

    Articles 2008-06-23

  • Colonial Bank Announces Change to State Chartered Bank

    MONTGOMERY, Ala. -- Colonial Bank (NYSE: CNB) 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...

    Articles 2008-06-10

  • BellwetherReport.com Analyst Report on MRVL, CNB, POT and SLB

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-05-27

  • Colonial BancGroup Completes Sale of $350 Million of Common Stock

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB)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...

    Articles 2008-04-25

  • Colonial BancGroup Prices $304 Million Common Stock Offering

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) 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...

    Articles 2008-04-21

  • Colonial BancGroup Announces Common Stock Offering

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) 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...

    Articles 2008-04-21

  • Colonial BancGroup Reports 1st Quarter Earnings

    MONTGOMERY, Ala. -- Colonial BancGroup, Inc. (NYSE: CNB): SUMMARY OF 1st QUARTER 2008 RESULTS: * Earnings per share of $0.16 for the 1st quarter, an increase of $0.10 over the 4th quarter 2007 and a decrease of $0.08 from the 1st quarter 2007 *...

    Articles 2008-04-21

  • Fitch Affirms The Colonial BancGroup Inc.'s Ratings; Outlook Remains Negative

    NEW YORK -- Fitch Ratings has affirmed the ratings of The Colonial BancGroup, Inc. CNB and its subsidiaries. The Rating Outlook remains Negative. A list of ratings follows this release. The affirmation follows CNB's recent announcement to raise $250 million in common stock in an effort to bolster...

    Articles 2008-04-21

  • Colonial BancGroup to Announce 1st Quarter 2008 Results on April 21, 2008

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) announced that it plans to release the 1st quarter 2008 results before the market opens on Monday, April 21, 2008. Colonial's management will host a conference call on April 21, 2008 at 9:00 AM/ET to discuss the earnings results for the...

    Articles 2008-03-20

  • Fitch Assigns The Colonial BancGroup Inc.'s Subordinated Notes 'BBB-'

    NEW YORK -- Fitch Ratings has assigned a rating of 'BBB-' to the subordinated notes issued by The Colonial BancGroup, Inc. CNB. The $250 million of subordinated securities will pay a fixed rate of 8.875% and mature in March 2038 but may be redeemed on or after March 2013. Proceeds...

    Articles 2008-02-29

  • Colonial BancGroup Reports 4th Quarter Earnings; Increases Dividend

    MONTGOMERY, Ala. -- Colonial BancGroup, Inc. (NYSE: CNB): SUMMARY OF 2007 RESULTS: * Earnings per share of $0.06 for the 4th quarter, including $0.26 of provision in excess of net charge-offs and $0.02 of merger and severance costs * Significant increase in loan loss...

    Articles 2008-01-23

  • Colonial BancGroup Increases Dividend

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) Chairman, CEO and President, Robert E. Lowder, announced that at its meeting today, the board of directors declared a regular quarterly dividend of $0.19 per share of Colonial BancGroup common stock, a 1% increase over the $0.1875 paid to shareholders in...

    Articles 2008-01-16

  • Colonial BancGroup to Announce 2007 Results on January 23, 2008

    MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE:CNB) announced that it plans to release 2007 results before the market opens on Wednesday, January 23, 2008. Colonial's management will host a conference call on January 23, 2008 at 9:00 AM/ET to discuss the earnings results for 2007. Individuals...

    Articles 2008-01-02

  • Fitch Affirms The Colonial Bancgroup, Inc.'s Ratings; Revises Outlook to Negative

    NEW YORK -- Fitch Ratings has affirmed the ratings of The Colonial Bancgroup, Inc. CNB and its subsidiaries. The Rating Outlook has been revised to Negative from Stable. A list of ratings follows this release. The affirmation reflects the company's stable earnings performance, which draws...

    Articles 2007-11-28

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  • Incorporated: 1974
  • CEO: Mr. Robert E. Lowder
  • Employees: 4,646

Colonial BancGroup is a bank holding company. Through its subsidiaries, Co. is engaged in providing various products and services that include retail and commercial banking, wealth management services, mortgage banking and insurance through its branch network, private banking offices, automated teller machines and the internet as well as other distribution channels to consumers and businesses. As of Dec 31, 2007, Co. had 338 branches, with 196 branches in Florida, 90 branches in Alabama, 18 branches in Georgia, 18 branches in Texas and 16 branches in Nevada. As of this date, Co. had total assets of approximately $25.98 billion and total deposits of approximately $18.54 billion.

Key Competitors

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Colonial BancGroup Inc. Company Info

Board of Directors

Mr. Robert E. Lowder

Chairman

Mr. Milton E. McGregor

Mr. William E. Powell III

Mr. Simuel Sippial Jr.

Mr. Robert S. Craft

Mr. Hubert L. Harris Jr.

Mr. Clinton O. Holdbrooks

Mr. James W. Rane

Mr. John C. H. Miller Jr.

Vice-Chairman

Mr. Lewis E. Beville

Ms. Deborah L. Linden

Mr. John Ed Mathison

Mr. Joseph D. Mussafer

Mr. Edward V. Welch

Mr. Augustus K. Clements III

Mr. Patrick F. Dye

Contact Information

100 Colonial Bank Boulevard

Montgomery, AL

http://www.colonialbank.com

334 676-5000

NAICS Code

Commercial Banking: 522110
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