Colonial BancGroup Declares Dividend

Business Wire,  July 16, 2008  

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MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) Chairman, CEO and President, Robert E. Lowder, announced that at its meeting today, the board of directors declared a regular quarterly dividend of $0.095 per share of Colonial BancGroup common stock, unchanged from the previous quarter. The dividend will be paid on August 8, 2008 to shareholders of record as of the close of business on July 25, 2008.

Colonial BancGroup's common stock is traded on the New York Stock Exchange under the symbol CNB and is located online at www.colonialbank.com. In most newspapers, the stock is listed as ColBgp.

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