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Colonial BancGroup posts $39.14 million cash balance at Feb. 28
By Caroline Salls
Pittsburgh, March 23 - Colonial BancGroup Inc. had $39.14 million in cash at Feb. 28, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
The company reported $44.18 million in total assets and $365.58 million in total debt as of Feb. 28.
Colonial BancGroup is the Montgomery, Ala.-based holding company for Colonial Bank. The company filed for bankruptcy on Aug. 25, 2009 in the U.S. Bankruptcy Court for the Middle District of Alabama. Its Chapter 11 case number is 09-32303.
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