CNB: Colonial BancGroup, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CNB: Colonial BancGroup, Inc.

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: Tadsamillionaire	7/17/2001 7:46:26 PM
	of 2

During the second quarter, Colonial entered a definitive agreement to acquire Manufacturers Bank of Florida, headquartered in Tampa. Manufacturers, with assets of $291 million as of March 31, 2001, operates four offices in Hillsborough County and will become a part of Colonial's Bay Area Region also headquartered in Tampa. Colonial also announced that it entered a branch purchase and assumption agreement to acquire 13 Union Planters' offices located in Alabama and Florida. Nine of these offices, with $244 million in deposits, are located in the Tampa Bay and Naples areas. This branch purchase coupled with the Manufacturers' merger will increase Colonial's Bay Area Region to 21 branch offices and approximately $850 million in total assets making Colonial Bank the fifth largest bank in Hillsborough County. Colonial BancGroup currently operates 243 offices in Alabama, Florida, Georgia, Nevada, Tennessee and Texas and is traded on the New York Stock Exchange under the symbol CNB. In most newspapers the stock is listed as ColBgp. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext