Colonial BancGroup

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Lowder's retirement will becomed effective when Colonial closesits $300 million with and other purchasers, or sooner following the appointment of a replacement, Colonial said in a release. The boarrd of directors intends to name a replacement therelease said. Lowder foundexd Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitionm of one bankin Ala., that had $161 million in assets. now headquartered in Montgomery, has since completed 68 acquisitions and has expanded to 352 locationes in five states with morethan $26 billion in totalp assets. is among the largest bankz in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percent deposit marke t share, according to the most recent information available from the Lowder previously was chairmamn and chief executive of , a family owned holding companyu of mortgage, construction, real estate and insurancee companies. He also was founder and chairmam ofColonial Broadcasting, a companuy that owned radio stations in four states.