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Colonial Bancgroup Inc. (CNB)On Jul 9: 0.49   0.00 (0.00%)  
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Colonial Bancgroup Inc.
100 Colonial Bank Boulevard
Montgomery, AL 36117
United States - Map
Phone: 334-676-5000
Fax: 334-676-5345
Web Site: http://www.colonialbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Southeast Banks
Full Time Employees:4,808

BUSINESS SUMMARY 
The Colonial BancGroup, Inc. operates as the holding company for Colonial Bank that provides retail and commercial banking, wealth management services, mortgage banking, and insurance products. The company primarily engages in generating deposits and originating loans. It offers various deposit products, such as noninterest bearing demand deposits, interest bearing demand deposits, savings deposits, certificates of deposit, time deposits, brokered time deposits, and reciprocal brokered time deposits. The company’s loan portfolio comprises commercial, financial, and agricultural loans; commercial real estate loans; real estate construction loans; residential real estate loans; and personal, commercial, and mortgage loans. The Colonial BancGroup also provides treasury management, electronic banking, and credit card services. In addition, it offers various insurance products and annuities; full service and discount brokerage services, and investment advice; investment sales; asset management; trust services; and insurance sales including term, universal, whole life, and long-term care. The Colonial BancGroup serves its customers through its branch network, private banking offices, automated teller machines, and the Internet. As of December 31, 2008, it had a total of 347 branches, including 197 branches in Florida, 90 branches in Alabama, 19 branches in Georgia, 21 branches in Texas, and 20 branches in Nevada. The company was formerly known as Southland Bancorporation and changed its name to The Colonial BancGroup, Inc. in 1981. The Colonial BancGroup was founded in 1974 is based in Montgomery, Alabama.
Key Statistics

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    CORPORATE GOVERNANCE 
    Colonial Bancgroup Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Jul-09 is better than 13.4% of S&P 400 companies and 63.7% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Lewis E. Beville , 57
    Chief Exec. Officer, Pres, Director, Chairman of Audit Committee, Member of Nominating & Corp. Governance Committee, Chief Exec. Officer of Colonial Bank and Pres of Colonial Bank
    $ 64.00KN/A
    Ms. Sarah H. Moore , 43
    Chief Financial Officer, Sr. Exec. VP, Chief Financial Officer of Colonial Bank and Sr. Exec. VP of Colonial Bank
    $ 428.00K $ 247.00K
    Ms. Patti G. Hill , 50
    Chief Operating Officer, Sr. Exec. VP, Chief Operating Officer of Colonial Bank and Sr. Exec. VP of Colonial Bank
    $ 428.00K $ 10.00K
    Mr. Robert Craft , 57
    Director, Member of Nominating & Corp. Governance Committee, Member of Exec. Committee, Member of Risk Committee and Chairman of Gulf Coast Area of the South Alabama Region - Colonial Bank
    $ 57.00KN/A
    Mr. David B. Byrne Jr., 67
    Exec. VP, Corp. Sec., Gen. Counsel, Exec. VP of Colonial Bank, Corp. Sec. of Colonial Bank and Gen. Counsel of Colonial Bank
    $ 325.00KN/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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