Colonial BancGroup

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Lowder's retirement will become effective when Colonial closesits $300 milliom with and other purchasers, or soonerd following the appointment of a replacement, Colonial said in a The board of directors intendds to name a replacement promptly, the release said. Lowder foundedx Colonial BancGroup (NYSE: CNB) in 1981 with the acquisitiojn of one bankin Birmingham, Ala., that had $161 million in Colonial, now headquartered in Montgomery, Ala., has sinced completed 68 acquisitions and has expandedx to 352 locations in five stateds with more than $26 billio n in total assets. is among the largest banks in the Tampa Bay area with50 $2.8 billion in deposits and a 3.
6 percenty deposit market share, according to the most recent informatiobn available from the Lowder previously was chairmanm and chief executive of , a family ownex holding company of mortgage, construction, real estate and insurance He also was founder and chairman of Coloniao Broadcasting, a company that ownecd radio stations in four states.