MONTGOMERY, Ala. -- Colonial BancGroup plans to acquire Colonial Mortgage Co. for 2.27 million shares of common stock and about $17 million of debt assumption.
Colonial BancGroup valued the deal at about $67 million.
Access to authoritative analysis and perspective and our data-driven report series.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In