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Colonial Bank

Colonial Bank is a financial services company that provides diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance. Colonial Bank offers these services to consumers and businesses through its branch network, private banking offices or officers, automated teller machines (ATMs) and the Internet, as well as other distribution channels. As of December 31, 2004, the Company’s branch network consisted of 323 offices in Florida, Alabama, Georgia, Nevada, Tennessee and Texas.

Mortgage Loans Offered by Colonial Bank

Colonial has focused on establishing a strong banking presence in substantially diverse and higher-growing markets. Over the past six years, Colonial has concentrated on expanding from its base in Alabama into high-growth areas of Florida, Georgia, Nevada and Texas because they are expected to grow faster than other areas of the country.

Colonial Bank Financials

Colonial Bank is part of The Colonial BancGroup, Inc. – a $21 billion bank holding company headquartered in Montgomery, Alabama. Its common stock is traded on the New York Stock Exchange under the symbol CNB. Colonial offers a broad line of retail and commercial banking products as well as electronic banking services, credit card and merchant services, cash management services and wealth management services.

The principal activity of BancGroup is to supervise and coordinate the business of its banking and non-banking subsidiaries and to provide them with capital and services. In May 2004, the Company acquired P.C.B. Bancorp, Inc. (PCB) and its four subsidiary banks: Premier Community Bank of Florida, Premier Community Bank, Premier Community Bank of Southwest Florida and Premier Community Bank of South Florida.

For the fiscal year that ended on the 31st of December 2005, Colonial BancGroup, Inc.’s net interest income after loan loss provision rose 26% to $682.4 million. Net income rose 32% to $228.5 million. Net interest income reflects increased average deposits, an increase in the net interest margin and a decrease in provision for loan losses. The companies net income benefited from the presence of a gain on sale of branches and higher mortgage fees.

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