-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LOLRY6Y8hlL7IcAvBFPOZ0jqPEX/qGz7rd3YK04S1nQLKhdiXprK14xnK4EkfM+5 T8ImPdfq0UpMjsgqgqgtYg== 0000950144-00-002864.txt : 20000307 0000950144-00-002864.hdr.sgml : 20000307 ACCESSION NUMBER: 0000950144-00-002864 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000216 ITEM INFORMATION: FILED AS OF DATE: 20000301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL BANCGROUP INC CENTRAL INDEX KEY: 0000092339 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 630661573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13508 FILM NUMBER: 559140 BUSINESS ADDRESS: STREET 1: ONE COMMERCE ST STE 800 STREET 2: P O BOX 1108 CITY: MONTGOMERY STATE: AL ZIP: 36104 BUSINESS PHONE: 3342405000 MAIL ADDRESS: STREET 1: ONE COMMERCE STREET STE 800 STREET 2: PO BOX 1108 CITY: MONTGOMERY STATE: AL ZIP: 36101 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHLAND BANCORPORATION DATE OF NAME CHANGE: 19820205 8-K 1 THE COLONIAL BANCGROUP, INC. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 16, 2000 THE COLONIAL BANCGROUP, INC. (Exact name of registrant as specified in the charter) Delaware 1-13508 63-0661573 (State of Incorporation) (Commission File No.) (IRS Employer I.D. No.)
Colonial Financial Center, Suite 800 One Commerce Street, Montgomery, Alabama 36104 (Address of Principal Executive Office) (Zip code)
Registrant's telephone number, including area code: 334-240-5000 2 ITEM 5. OTHER EVENTS COLONIAL BANK TO SELL SUBSTANTIAL PORTION OF ITS MORTGAGE SERVICING PORTFOLIO MONTGOMERY, AL -- Robert E. Lowder, Chairman and Chief Executive Officer of Colonial Bank announced today that it has reached an agreement in principle to sell approximately $9 billion in principal value of its mortgage servicing portfolio to a third party. This sale in conjunction with other pending transactions will reduce the bank's servicing portfolio to approximately $5.5 billion. The transaction is subject to, among other conditions, the execution of a mutually acceptable definitive agreement, completion of due diligence, approvals by GNMA, FNMA and FHLMC and obtaining any necessary regulatory approval. Colonial expects to record the sale prior to the end of the first quarter of 2000. Colonial BancGroup currently operates 238 offices in Alabama, Florida, Georgia, Tennessee, Texas and Nevada. Its common stock is traded on the New York Stock Exchange under the symbol CNB. In most newspapers the stock is listed as ColBgp. Pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the reader is cautioned that this announcement contains "forward looking statements" regarding the consummation of the transaction described herein and the Company's future performance and its mortgage servicing portfolio, all of which are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE COLONIAL BANCGROUP, INC. ---------------------------- (Registrant) Date: March 1, 2000 /s/ W. Flake Oakley ---------------------------- W. Flake Oakley Chief Financial Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----