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Colonial BancGroup cash total declines to $37.94 million in November
By Caroline Salls
Pittsburgh, Dec. 20 - Colonial BancGroup Inc. had $37.94 million of cash at Nov. 30, compared with $38.2 million at the end of October, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Middle District of Alabama.
Colonial reported $40.78 million in total assets and $364.2 million of total debt at Nov. 30.
Colonial BancGroup is the Montgomery, Ala.-based holding company for Colonial Bank. The company filed for bankruptcy on Aug. 25, 2009. Its Chapter 11 case number is 09-32303.
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