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Colonial BancGroup cash total slides to $37.07 million in June
By Caroline Salls
Pittsburgh, July 20 - Colonial BancGroup Inc. had $37.07 million in cash at June 30, down from $37.51 million at the end of May, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Middle District of Alabama.
Colonial reported $42.11 million in total assets and $365.58 million in total debt as of June 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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