Colonial Bank Lowers Prime Rate.Business Editors MONTGOMERY, Ala.--(BUSINESS WIRE)--Dec. 12, 2001 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) ) announced that it is lowering its prime interest rate 0.25 percent to 4.75 percent from 5.00 percent effective today Wednesday, December 12, 2001. 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 Colonial BancGroup headquartered in Montgomery, Alabama Montgomery is the capital and second most populous city of the U.S. state of Alabama and the county seat of Montgomery County. Montgomery is notable for its historic involvement during the Civil War, for being the first capital of the Confederacy, and for being a primary site in , with $13 billion in assets and operates 259 full-service banking offices in Alabama, Florida, Georgia, Nevada, Tennessee and Texas. |
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