Colonial BancGroup to Announce Fourth Quarter Results on January 18, 2006.

MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE:CNB) announced that it will release fourth quarter 2005 results on Wednesday, January 18, 2006. Colonial management will host a conference call on January 18, 2006 at 3:00 PM/ET to discuss the earnings results for the fourth quarter. Individuals are encouraged to listen to the live webcast of the presentation as well as view a slide presentation by visiting Colonial's web site at www.colonialbank.com. The webcast will be hosted under "Conference Calls and Presentations" located under the "Investor Relations" section of the website. To participate in the Q&A session of the conference call, dial [phone] (Leader: Glenda Allred).

A replay of the conference call will be available beginning at 6:00 PM/ET on January 18, 2006 and ending at midnight on January 25, 2006 by dialing [phone] (Domestic Toll-Free) or [phone] (Toll International). The passcode for both numbers is 8104567.

Colonial BancGroup, Inc. is a $21 billion bank holding company operating 300 offices in Florida, Alabama, Georgia, Nevada and Texas. The Company's common stock is traded on the New York Stock Exchange under the symbol CNB. In many newspapers the stock is listed as ColBgp.