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Colonial Bank was established in 1981 as part of Colonial BancGroup's relocation to Montgomery from Mobile. The Montgomery bank was formed from the Exchange National Bank of Montgomery, which—like the other banks owned by Colonial—was owned by Robert E. Lowder. [1]
Colonial BancGroup Inc. was a bank holding company headquartered in Montgomery, Alabama, United States that failed in 2009.It was a financial services company that, through its subsidiaries, provided diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance.
The bank began in 1903 as the T. L. Wright Private Bank in Doniphan, Missouri. In 1955, Tom Baker of Sikeston purchased the charter and established Planters Bank. [18] In 1957, Joel Montgomery acquired controlling interest in the bank and renamed it First National Bank. [19] In 1993, the Sikeston location moved into a new five-story building. [18]
Regions Geographic Footprint. Regions Financial Corporation, formerly known as First Alabama Bankshares, was founded on July 13, 1971 with the merger of three Alabama banks: First National Bank of Montgomery, Alabama (opened 1871), Exchange Security Bank of Birmingham, Alabama (opened 1928), and First National Bank of Huntsville, Alabama (opened 1856).
Montgomery Ward is the name of two successive U.S. retail corporations. ... His plan was to bank profits to preserve liquidity when the recession or depression he ...
Montgomery Securities was an investment bank based in San Francisco, California, that specialized in high technology and health care sectors. The firm was founded in 1978 by Thom Weisel . The bank was acquired by NationsBank Corporation on June 30, 1997. [ 1 ]
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Robert E. Lowder (born ca. 1944 in Alabama) is a former American banking executive, and founder and former longtime CEO of the failed Colonial Bank and Colonial BancGroup, Colonial Bank's former parent company. He also served as a trustee at his alma mater Auburn University from 1983 to 2012. [1]
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