Colonial Bank Announces Loss - WSFA.com Montgomery Alabama news.

Colonial Bank Announces Loss

Montgomery based Colonial Bancgroup Incorporated announced the company's net loss for the quarter is 9 million dollars.

C.E.O. Bobby Lowder says the economic downturn continues to impact the bank, especially the housing downturn.

Lowder says the problems were not unexpected, and colonial bank is still on solid footing. Colonials stock price has plummeted over the last year. In July of 2007, it was selling for about $25 a share. Today it closed at $4.45, off more than 80% in 12 months.  Today's price is up from Monday when the stock hit $3.09 a share.

 

  • NewsMore>>

  • Next Minneapolis police chief tasked with changing culture

    Next Minneapolis police chief tasked with changing culture

    Saturday, July 22 2017 1:49 AM EDT2017-07-22 05:49:17 GMT
    Saturday, July 22 2017 8:53 PM EDT2017-07-23 00:53:39 GMT

    Minneapolis police chief says she wants to let 'fresh set of leadership eyes' be in charge of department, resigns amid criticism over shooting of Australian woman who had called 911.

    More >>

    Minneapolis police chief says she wants to let 'fresh set of leadership eyes' be in charge of department, resigns amid criticism over shooting of Australian woman who had called 911.

    More >>
  • Trump's new message man deletes inconvenient tweets

    Trump's new message man deletes inconvenient tweets

    Saturday, July 22 2017 4:20 PM EDT2017-07-22 20:20:31 GMT
    Saturday, July 22 2017 8:52 PM EDT2017-07-23 00:52:25 GMT

    One of Anthony Scaramucci's first acts after accepting President Donald Trump's offer to be the new White House communications director was to apologize to Trump.

    More >>

    One of Anthony Scaramucci's first acts after accepting President Donald Trump's offer to be the new White House communications director was to apologize to Trump.

    More >>
  • Trump: USS Ford is '100,000-ton message to the world'

    Trump: USS Ford is '100,000-ton message to the world'

    Saturday, July 22 2017 3:30 AM EDT2017-07-22 07:30:57 GMT
    Saturday, July 22 2017 8:52 PM EDT2017-07-23 00:52:10 GMT

    President Donald Trump will help commission the USS Gerald R. Ford, a $12.9 billion warship.

    More >>

    President Donald Trump will help commission the USS Gerald R. Ford, a $12.9 billion warship.

    More >>
Powered by Frankly