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Colonial Bank

Banks
WaySearchWaySearch 6021 Preston Road
Frisco TX 75034
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
WebsiteWebsite
Contact Person: Amie Pouges
Phone: (972) 624-7101
Fax: (972) 712-4865
Hotline: (877) 502-2265

The Colonial BancGroup, Inc., is a $27 billion financial services company headquartered in Montgomery, Ala. Its common stock is traded on the New York Stock Exchange under the symbol CNB.

In 1981, Colonial was organized as a bank-holding company with $166 million in assets. More than 25 years later Colonial has strategically expanded its presence as a part of a long-term strategy of sustained, controlled growth to become a Top 30 commercial bank with more than 340 banking offices in Alabama, Florida, Georgia, Nevada and Texas.

Colonial has concentrated on expanding from its base in Alabama by deliberately increasing its presence in states with robust growth patterns to include Florida, Georgia, Nevada and Texas. Today, 69 percent of Colonial's deposits are in three of the four fastest-growing states in the U.S. - Florida, Georgia and Nevada. In addition, Colonial has a Top 5 market share in both Alabama and Florida which represents 83 percent of the franchise.

In 2005, The Wall Street Journal ranked Colonial No. 1 among southeastern banks for the best one-, three-, and five-year average shareholder returns.

In 2007, The Colonial BancGroup, Inc., received significant recognition when it was included on Forbes Magazine's Platinum 400 list of best publicly traded companies in America. Forbes included only 18 banks in the U.S. in its selection.


Date added: 2009-02-08 16:34:16    Hits: 53
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