Colonial BancGroup to Present at Morgan Keegan Equity Conference and Lehman Brothers Financial Services Conference

Colonial will also participate in the Lehman Brothers Financial Services Conference to be held September 8-10, 2008 in New York. Executive management is scheduled to give a presentation on September 9th at 7:30am/eastern.

Both presentations may be accessed by going to "Investor Relations" and then "Events and Presentations" on the Company's website www.colonialbank.com.

Colonial BancGroup operates 344 branches in Florida, Alabama, Georgia, Nevada and Texas with approximately $26 billion in assets. The Company's common stock is traded on the New York Stock Exchange under the symbol CNB and is located online at www.colonialbank.com. In some newspapers, the stock is listed as ColBgp.

SOURCE: The Colonial BancGroup, Inc.

The Colonial BancGroup, Inc. Lisa Free, 334-676-5105