Colonial Bank announces job cuts

Posted by: Desmond Wingard - bio | email

MONTGOMERY, AL (WSFA) - The economy has forced Montgomery based Colonial Bank to make job cuts.

Late on Tuesday afternoon, the company confirmed they are laying off 135 employees, or about 3% of the company's workforce in five states. Colonial Bank says 30 of the employees who will lose their jobs will come from Montgomery and south Alabama locations.

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