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Colonial BancGroup, Inc.

 

CNB

Colonial BancGroup, Inc. is a financial services company which through its subsidiaries provides diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance. The chief activity of the BancGroup is to supervise and coordinate the business of its subsidiaries, and to provide them with capital and services. The bank derives mostly all of its income from dividends received from Colonial Bank, N.A its banking subsidiary. The BancGroup’s subsidiary Colonial Brokerage, Inc. provides full service and discount brokerage services and investment advice. The BancGroup has interests in several residential and commercial real estate developments located in the southeastern United States, as well as two in the central Texas area.

 

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