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Colonial BancGroup reports $38.93 million in cash as of March 31
By Caroline Salls
Pittsburgh, May 5 - Colonial BancGroup Inc. had $38.93 million in cash at March 31, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
In comparison, the company had $39.14 million in cash at Feb. 28.
Colonial reported $43.98 million in total assets and $365.58 million in total debt as of March 31.
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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