Colonial BancGroup

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Lowder's retirement will become effective when Colonialk closesits $300 million with and other or sooner following the appointment of a replacement, Colonial said in a The board of directors intends to name a replacement the release said. Lowder foundefd Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitiobn of one bankin Birmingham, Ala., that had $161 millio in assets. Colonial, now headquartered in Montgomery, Ala., has since completed 68 acquisitions and has expandedf to 352 locations in five states with morethan $26 billion in tota l assets. is among the largesty banks in the Tampa Bay area with50 offices, $2.8 billiojn in deposits and a 3.
6 percent deposigt market share, according to the most recent informatio available from the Lowder previously was chairman and chief executivs of , a family owned holdinvg company of mortgage, construction, real estate and insuranc companies. He also was founder and chairman ofColonial Broadcasting, a compant that owned radio stations in four states.