In Brief: Colonial and Southland Scrap Merger Plans

MONTGOMERY, Ala. - Colonial BancGroup Inc. and Southland Bancorp. of Dothan announced that they have mutually agreed to terminate the letter of intent to merge the holding companies and to merge Southland's subsidiary, Southland Bank, into Colonial Bank.

The companies declined to comment further.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER