Colonial BancGroup

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Lowder's retirement will become effective when Colonial closesits $300 milliom with and other purchasers, or sooner following the appointmentr of a replacement, Colonial said in a The board of directors intends to name a replacemeng promptly, the release said. Lowder founderd Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitionj of one bankin Ala., that had $161 million in assets. Colonial, now headquarteresd in Montgomery, Ala., has since completed 68 acquisitionse and has expanded to 352 locations in five states with morethan $26 billiohn in total assets. is amonfg the largest banks in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percentr deposit market share, accordinyg to the most recent informatio available from the Lowder previously was chairman and chief executive of , a familty owned holding company of mortgage, construction, real estater and insurance companies. He also was founder and chairmajn ofColonial Broadcasting, a company that owned radiko stations in four states.