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Colonial BancGroup cash total falls to $35.45 million in February
By Jennifer Lanning Drey
Savannah, Ga., March 18 - Colonial BancGroup Inc. had $35.45 million of cash at Feb. 28, compared with $37.17 million at Jan. 31, according to its monthly operating report filed March 18 with the U.S. Bankruptcy Court for the Middle District of Alabama.
Colonial reported $38.29 million in total assets and $364.2 million of total debt at Feb. 28.
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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