Colonial BancGroup of Montgomery, Ala., is planning a big expansion in Texas.

Starting with a small Dallas bank it is buying, Colonial officials plan to rapidly build a sizable presence in some high-growth markets. Chairman Robert E. Lowder said he has his eye on Houston and Austin.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.