Colonial BancGroup Inc.

Public Company, Headquarters Location
PO Box 1108, Montgomery, AL 36101-1108, United States
(888)843-0622, (334)240-5000, (334)240-5395 fax, http://www.colonialbank.com

Primary SIC: Bank Holding Companies, Primary NAICS: Offices of Bank Holding Companies
Description: Established in 1974, Colonial BancGroup Inc., a bank holding company headquartered in Montgomery, Alabama, is responsible for overseeing and coordinating the business of its subsidiaries and providing them with capital and services. The company has six reportable segments for management reporting - five regional bank segments located in Florida, Alabama, Georgia, Nevada and Texas, and the mortgage warehouse segment headquartered in Orlando, Florida. Each regional bank segment consists of commercial lending and full service branches in its geographic region and provides a full range of traditional banking products as well as wealth management and mortgage banking services. The mortgage warehouse segment provides financing collateralized by residential mortgage loans and other services to mortgage origination companies. Colonial's subsidiary, Colonial Bank has roughly 350 branches, with 197 branches in Florida, 90 branches in Alabama, 19 branches in Georgia, 21 branches in Texas and 20 branches in Nevada. Colonial Investment Services Inc. offers various insurance products and annuities for sale to the public in Florida, Georgia, Nevada and Tennessee. This subsidiary is regulated by each state's department of insurance. Colonial Brokerage Inc. provides full service and discount brokerage services and investment advice.Finance: Bank holding company for state-chartered commercial banks.