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Colonial BancGroup cash total falls to $34.9 million as of March 31
By Caroline Salls
Pittsburgh, April 20 - The Colonial BancGroup Inc. had $34.9 million of cash at March 31, compared with $35.45 million at the end of February, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
Colonial reported $37.74 million in total assets and $364.22 million of total debt at March 31.
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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