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Colonial BancGroup reports $37.03 million of cash at July 31
By Jennifer Lanning Drey
Portland, Ore., Aug. 20 - Colonial BancGroup Inc. had $37.03 million of cash at July 31, compared with $37.07 million at the end of June, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Middle District of Alabama.
Colonial reported $42.07 million in total assets and $365.58 million in total liabilities at July 31.
Colonial BancGroup is the Montgomery, Ala.-based holding company for Colonial Bank. The company filed for bankruptcy on Aug. 25, 2009. Its Chapter 11 case number is 09-32303.
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