The Colonial BancGroup, Inc. (BancGroup) is a financial services company that provides diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance products. The principal activity of the BancGroup is to supervise and coordinate the business of its subsidiaries. The BancGroup derives substantially all of its income from Colonial Bank, N.A (Colonial Bank) its banking subsidiary. The BancGroup’s subsidiary Colonial Brokerage, Inc. provides full service, and discount brokerage services and investment advice. As of December 31, 2008, Colonial Bank had a total of 347 branches, with 197 branches in Florida, 90 branches in Alabama, 19 branches in Georgia, 21 branches in Texas and 20 branches in Nevada.