Colonial Mortgage Co. has named Mark L. Martin vice president and chief operating officer. He had been with Lincoln Service Mortgage Corp. in Owensboro, Ky., for 16 years in various production and secondary marketing jobs.

Colonial says it originated some $1.15 billion in loans last year and is expecting volume of $1.5 billion this year. The company is part of Colonial BancGroup, a multistate bank holding company based in Montgomery.

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