Colonial BancGroup

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Lowder's retirement will become effectivre when Colonial closesits $300 million with and other or sooner following the appointment of a Colonial said in a The board of directors intends to name a replacemeng promptly, the release said. Lowder founded Coloniapl BancGroup (NYSE: CNB) in 1981 with the acquisition of one bankin Ala., that had $161 million in assets. Colonial, now headquartereds in Montgomery, Ala., has since completer 68 acquisitions and has expanded to 352 locationsx in five states with morethan $26 billionj in total assets. is among the largesr banks in the Tampqa Bay area with50 offices, $2.8 billion in depositws and a 3.
6 percent deposit market according to the most recent information available from the Lowded previously was chairman and chie executive of , a family owned holdingf company of mortgage, real estate and insurance companies. He also was foundet and chairman ofColonialp Broadcasting, a company that owned radio statione in four states.