Colonial Bank Increases Prime Rate.MONTGOMERY, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . -- Colonial Bank Colonial Bank, a subsidiary of Colonial Bancgroup Inc. NYSE: CNB, is headquartered in Montgomery, Alabama. Colonial Bank has 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Its common stock is traded on the NYSE under the symbol CNB. announced today that it will increase its prime interest rate by 0.25% to 8.25% effective Thursday, June 29, 2006. The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. Colonial Bank is a division of the Montgomery, Alabama-based Colonial BancGroup, a $22 billion bank holding company with more than 300 banking offices in Florida, Alabama, Georgia, Nevada, and Texas. Colonial BancGroup is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) , and located on the Internet at www.colonialbank.com. |
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