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  September 5, 2001
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Home > Company Index > Banking > Banking - Southeast > The Colonial BancGroup, Inc.

The Colonial BancGroup, Inc.
NYSE: CNB
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 PROFILE
The Colonial BancGroup owns Colonial Bank, which operates some 250 branches in Alabama, Florida, Georgia, Tennessee, Texas, and Nevada. Services include checking and savings accounts, CDs, and credit cards; investment products are also available. Lending activities primarily consist of residential and commercial mortgages, each accounting for about 30% of its loan portfolio; the bank also writes commercial, installment, and consumer loans. Subsidiaries of the company and the bank provide trust services and asset management, sell insurance and annuities, and offer other services. The company plans to buy Tampa's Manufacturers Bank of Florida and about a dozen branches in Alabama and Florida from Union Planters.

 COMPETITION
Bank of America Corporation (BAC)
SouthTrust Corporation (SOTR)
SunTrust Banks, Inc. (STI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 973.10
1-Yr. Sales Growth: 6.0%
Employees: 3,212
Revenue per employee: $302,957.66

 KEY PEOPLE
• Robert E. Lowder
    CEO
• W. Flake Oakley
    CFO

 CONTACT INFO
1 Commerce St.
Montgomery, AL 36101
US
Phone: 334-240-5000
Fax: 334-240-5395
Online: Web Site

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