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Colonial BancGroup reports $38.04 million in cash at April 30
By Caroline Salls
Pittsburgh, May 20 - Colonial BancGroup Inc. had $38.04 million in cash at April 30, down slightly from $38.93 million at the end of March, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Middle District of Alabama.
Colonial reported $43.08 million in total assets and $365.58 million in total debt as of April 30.
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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