Colonial Bank Lowers Prime Rate.Business Editors MONTGOMERY, Ala.--(BUSINESS WIRE)--June 27, 2003 Effective Monday, June 30, 2003 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. (NYSE NYSE See: New York Stock Exchange :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) ) will lower its prime interest rate by 0.25 percent from 4.25 to 4.00 percent. The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit. Colonial Bank is a wholly-owned subsidiary of the Colonial BancGroup, Inc., a $15.8-billion multi-state bank holding company headquartered in Montgomery, Alabama. Colonial Bank operates more than 270 locations in Alabama, Georgia, Florida, Tennessee, Texas and Nevada. It 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, listed in most newspapers as ColBgp, and located on the Internet at www.colonialbank.com. |
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