Colonial BancGroup

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Lowder's retirement will becom effective when Colonial closesits $300 million with and otherf purchasers, or sooner following the appointment of a Colonial said in a release. The board of directorsx intends to name areplacement promptly, the release Lowder founded Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitiojn of one bank in Ala., that had $161 millionm in assets. Colonial, now headquartered in Ala., has since completed 68 acquisitions and has expandecd to 352 locations in five states with morethan $26 billion in total assets. is among the largest banks in the Tampza Bay area with50 offices, $2.8 billion in deposits and a 3.
6 percentt deposit market share, according to the most recenf information available from the Lowder previously was chairman and chief executive of , a family owned holding company of construction, real estate and insurance companies. He also was founder and chairmajn ofColonial Broadcasting, a company that owned radil stations in four