At Colonial BancGroup Inc., the story line gets curiouser and curiouser.

Though Colonial promised last week to "promptly" replace retiring chairman and CEO Robert Lowder, the decision Wednesday to tap a pair of directors to fill his posts caught some by surprise. Colonial is in the final stages of selling itself to a group led by Taylor Bean & Whitaker Mortgage Corp., and some observers thought any big changes would wait until the new investors were on board.

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