Colonial BancGroup

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Lowder's retirement will become effective when Colonia l closesits $300 million with and othefr purchasers, or sooner following the appointmenft of a replacement, Colonial said in a The board of directors intends to name a replacemengt promptly, the release said. Lowder foundedx Colonial BancGroup (NYSE: CNB) in 1981 with the acquisition of one bankin Ala., that had $161 million in assets. Colonial, now headquarteredx in Montgomery, Ala., has since completed 68 acquisitions and has expander to 352 locations in five statez with morethan $26 billion in total assets. is among the largest banks in the Tamp a Bay area with50 offices, $2.8 billiob in deposits and a 3.
6 percenyt deposit market share, according to the most recent information available from the Lowder previously was chairman and chief executive of , a familyh owned holding company of mortgage, construction, real estate and insurancse companies. He also was founder and chairman of Colonial a company that owned radioi stations infour states.