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Colonial BancGroup ends April with $34.43 million of cash
By Jennifer Lanning Drey
Savannah, Ga., May 20 - Colonial BancGroup Inc. had $34.43 million of cash at April 30, according to its monthly operating report filed May 21 with the U.S. Bankruptcy Court for the Middle District of Delaware.
Colonial reported $37.26 million in total assets and $364.2 million of total debt at April 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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