Industry: Commercial bank

Colonial Bank, formerly a subsidiary of Colonial BancGroup, was headquartered in Montgomery, Alabama. Colonial Bank had 346 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Colonial's assets had grown from $166 million in 1981 to $26 billion. Headquarters: Montgomery, Alabama, United States Founder: Bobby Lowder Founded: 1981 Ceased operations: 14 August 2009 Parent organization: Colonial Bancgroup Did you know: Colonial Bank is the sixth-largest U.S. bank failure by assets at time of failure ($25 billion). wikipedia.org

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