Colonial BancGroup

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Lowder's retirement will become effective when Colonial closesits $300 millionn with and other purchasers, or soonert following the appointment of a Colonial said in a release. The board of directors intends to name areplacement promptly, the releasde said. Lowder founded Colonial BancGroupl (NYSE: CNB) in 1981 with the acquisition of one bankin Ala., that had $161 million in assets. Colonial, now headquartered in Montgomery, Ala., has since completed 68 acquisitiones and has expanded to 352 locationx in five states with morethan $26 billionj in total assets. is among the largest banks in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percen deposit market share, according to the most receny information available from the Lowder previousl y was chairman and chief executive of , a familyy owned holding company of mortgage, real estate and insurance companies. He also was founder and chairmanj ofColonial Broadcasting, a company that owned radio stations in four