| Business Summary | | Colonial
BancGroup,
Inc.
is
a
bank
holding
company
whose
principal
subsidiary,
Colonial
Bank,
conducts
a
general
commercial
banking
business.
As
of
December
31,
2000,
Colonial
Bank
had
a
total
of
239
branches,
with
119
branches
in
Alabama,
85
branches
in
Florida,
22
branches
in
Georgia,
three
branches
in
Tennessee,
two
branches
in
Texas
and
eight
branches
in
Nevada.
Colonial
Bank
offers
a
variety
of
demand,
savings
and
time
deposit
products,
as
well
as
extensions
of
credit
through
personal,
commercial
and
mortgage
loans,
within
each
of
its
market
areas.
The
Company
also
offers
a
complete
line
of
commercial
and
retail
banking
products,
as
well
as
cash
management
services,
electronic
banking
services,
credit
card
and
merchant
services
and
wealth
management
services.
The
wealth
management
services
include
trust
services
and
various
investment
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNB
is
a
bank
holding
company
that
operates
239
branches
in
Alabama,
Florida,
Georgia,
Tennessee,
Texas
and
Nevada.
For
the
six
months
ended
6/01,
total
interest
income
rose
7%
to
$462
million.
Net
interest
income
after
loan
loss
provision
rose
1%
to
$184.9
million.
Net
income
from
continuing
operations
fell
4%
to
$58.5
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
a
higher
loss
provision.
Earnings
suffered
from
increased
salaries
and
pension
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Lowder, 58 Chairman,
CEO, Director of the Company and the Bank | $2.5M | $2.8M | Harold King, 68 Vice
Chairman | -- | -- | W. Flake Oakley IV, 47 CFO,
Exec. VP, Sec. of the Company & CFO, Secy. & Treas. of the Bank | 275K | -- | Sarah Moore, 35 COO,
Exec. VP | 237K | -- | Caryn Cope Exec. VP and CCO | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|