8-K

UNITED STATES

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): August 11, 2003

THE COLONIAL BANCGROUP, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	1-13508	63-0661573
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

One Commerce Street

Montgomery, Alabama 36104

(Address of principle executive offices)

(334) 240-5000

(Registrant’s telephone number)

Item  7. Financial Statements and Exhibits

The following exhibit is furnished as Regulation FD Disclosure to this Current Report on Form 8-K:

Exhibit No.	Exhibit
99.1	Presentations to institutional investors on August 11, 2003 and August 12, 2003

Item  9. Regulation FD Disclosure

Colonial BancGroup (“BancGroup”) is furnishing this Current Report on Form 8-K with in connection with presentations being made by management of Colonial BancGroup on August 11, and 12, 2003. Attached hereto and incorporated herein as Exhibit 99.1 is the text of that presentation. This presentation contains “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements in this presentation are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: (i) an inability of the company to realize elements of its strategic plans for 2003 and beyond; (ii) increases in competitive pressure in the banking industry; (iii) general economic conditions, either nationally or regionally, that are less favorable than expected; (iv) expected cost savings from recent and acquisitions are not fully realized; (v) changes in the interest rate environment which reduce margins; (vi) management’s assumptions regarding allowance for loan losses may not be borne out by subsequent events; (vii) changes which may occur in the regulatory environment; and (viii) other factors more fully discussed in our periodic filings with the SEC. When used in this presentation, the words “believes,” “estimates,” “plans,” “expects,” “should,” “may,” “might,” “outlook,” and “anticipates,” and similar expressions as they relate to BancGroup (including its subsidiaries) or its management are intended to identify forward-looking statements. Forward-looking statements speak only as to the date they are made. BancGroup does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SIGNATURE

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.
By:	/s/    SHEILA MOODY
	Sheila Mooday its Chief Accounting Officer

Date: August 11, 2003

EX-99.1

Exhibit 99.1

Exhibit 99.1

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Financial Strength in Local Hands

Ø $16.2 Billion in Assets

• Located in Alabama, Florida, Georgia, Nevada, Texas

• 44% of Assets, $7.2 Billion, in Florida

• 6^th Largest Bank in Florida in Locations and Deposits

Ø Expansion into High-Growth Markets

• 272 Branches – 105 Currently in Florida

• 41 Branches Planned – 23 in Florida

Ø Proven Community Banking Philosophy

• Local Expertise in Lending Decisions

• Creates an Atmosphere that Promotes Sales and Personalizes Customer Relationships

Ø Outstanding Track Record in Credit Quality

Ø Growing Retail Banking Franchise

• 15%* Growth in Noninterest Income

• 12%* Growth in Core (non-time) Deposits

Ø Experienced Management Team

• 7.4% Insider Ownership Aligns Interests of Shareholders, Bondholders and Management

*  Annualized	1
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REGIONAL BANKS
[LOGO] NORTHERN ALABAMA REGION [LOGO] BIRMINGHAM REGION [LOGO] SOUTH CENTRAL REGION [LOGO] GULF COAST REGION [LOGO] GEORGIA REGION [LOGO] CENTRAL FLORIDA REGION [LOGO] SOUTHWEST FLORIDA REGION [LOGO] SOUTH FLORIDA REGION [LOGO] BAY AREA REGION [LOGO] NEVADA REGION [LOGO] TEXAS REGION [LOGO] LOAN PRODUCTION OFFICER	[MAP]

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$16.2 Billion in Assets

	Assets (in millions)
	Florida	$	7,178
	Alabama	$	4,782
[PIE CHART]	Georgia	$	1,289
	Corporate	$	1,585
	Texas	$	795
	Nevada	$	578

As of June 30, 2003	3
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Population Growth

NV	66	%
GA	26	%
TX	23	%
FL	24	%
AL	10	%
Total Colonial Markets	24	%
Entire USA	13	%

Percent growth of areas with Colonial branch locations. Source: US Census Bureau	4
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272 Retail Branches

	Planned Branch Additions through 2005:
	Alabama	2
	Georgia	3
	Nevada	6
	Texas	7
[PIE CHART]	Florida:
	South FL	4
	Bay Area	4
	Southwest FL	8
	Central FL	7
	TOTAL	41

Note: Colonial ranks 6th in number of branches in Florida.	5
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Top 10 Florida Banks and Bank Holding Companies ranked by

Total Deposits as of 12/31/02

(Excludes Thrifts)

Holding Company			State	Total Offices	Total Deposits
					(in 000s)
1	)	Bank of America	NC	740	$	49,633,076
2	)	Wachovia Corp.	NC	515	$	39,347,235
3	)	Suntrust Bank	GA	427	$	30,794,385
4	)	Southtrust	AL	248	$	9,562,390
5	)	Amsouth	AL	157	$	5,812,732
6	)	Colonial BancGroup*	AL	105	$	4,112,132
7	)	Northern Trust	IL	27	$	3,710,539
8	)	Ocean Bankshares	FL	22	$	3,659,069
9	)	Union Planters	FL	68	$	3,584,698
10	)	Regions	AL	68	$	2,384,925

Provided by the Florida Bankers Association	6
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Loan Portfolio Review

and Asset Quality Trends

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Total Loans

	(in millions)
2000	$	9,417
2001	$	10,368
2002	$	11,692
30-Jun-03	$	11,769

*Annualized	8
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Loan Portfolio Distribution

[PIE CHART]

Consumer	2	%
Commercial Real Estate	25	%
CRE Owner Occ.	7	%
RE Const.	26	%
Residential Real Estate	16	%
Mortgage Warehouse Lending	15	%
Commercial	8	%
Other	1	%

As of June 30, 2003	9
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Commercial RE Loan Portfolio Distribution

Ø 23% Owner Occupied

Ø Average loan size = $582,000

Ø Characteristics of 75 largest loans:

• Total $812 million and represent 21% of CRE portfolio

• Average loan to value ratio is 69%

• Average debt coverage ratio = 1.35x

Nursing Home	4	%
Warehouse	11	%
Lodging	10	%
Multi-Family	15	%
Office	16	%
Retail	19	%
Other	25	%

CRE Portfolio = $3.8 billion as of 6/30/03	10
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Construction Loan Portfolio Distribution

[PIE CHART] Ø     Average loan size = $579,000 Ø     Characteristics of 75 largest loans: •      Total $1 billion and represent 35% of portfolio •      Average loan to value ratio is 67%

Construction Loan Portfolio = $3 billion as of 6/30/03	11
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Nonperforming Assets/Loans and ORE

‘90	1.49	%
‘91	1.07	%
‘92	1.34	%
‘93	1.31	%
‘94	0.90	%
‘95	0.78	%
‘96	0.84	%
‘97	0.71	%
‘98	0.60	%
‘99	0.55	%
‘00	0.54	%
‘01	0.64	%
‘02	0.78	%
6/30/03	0.71	%

n    Other Real Estate

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Net Charge-offs/Average Loans

¨ All FDIC insured commercial banks (as of March 31, 2003)

n Southern regionals provided by Sandler O’Neill & Partners

n Colonial BancGroup

‘91	1.59	%
‘92	1.27	%
‘93	0.85	%
‘94	0.50	%
‘95	0.49	%
‘96	0.58	%
‘97	0.63	%
‘98	0.66	%
‘99	0.58	%
‘00	0.58	%
‘01	0.83	%
‘02	1.10	%
YTD’03	0.92	%

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Commercial RE and Construction Lending A Proven Approach

Ø Solid and Proven Policies and Underwriting

• Lend to individuals we know

• Avoid “speculative” projects

• Make deals that have strong guarantor support to back them up

• Focus on cash flow and strong equity

Ø Strong Committee Process

• Low individual lending authorities

• Multi-tiered Committees

• Regional Director involvement

Ø Experienced Credit Group

• Active involvement by CEO and CCO

• Credit Review Area

• Credit Risk Management Area

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Retail Banking and Financial Planning

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Sales, Service and Relationships

Ø More products available to more customers

• Acquired small community banks and expanded product offerings to include:

Financial Planning Services, Cash Management, Electronic Banking, Mortgage Origination

• Focused on adding quality products and services to enhance revenue opportunities

Ø Improving front-end efficiency through enhancements in technology

• Implemented new call center and internet banking product – doubled internet banking users in 2002—16% penetration rate through 6/30/03

• In process of implementing new platform and loan origination software

Ø Sales and Service Training

• Sales and Sales Management training program

• Combined Sales & Operational Training

Ø Sales and Service Measurements

• Branch Incentive Plan and Service Quality Shopping Program

• Cross-Sell Ratio of 2.85 at 6/30/03 – Goal for 2003 is 3.00

• Targeted average deposit size per branch of $50 million

Ø Fill in branch coverage

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Core Deposits

(non-time)

	(in millions)
2000	$	3,468
2001	$	4,114
2002	$	4,950
30-Jun-03	$	5,244

*Annualized

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Deposit Mix

	12/31/00	12/31/01	12/31/02	6/30/03
Savings, MMDA, NOW, DDA	44%	49%	54%	58%

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Noninterest Income

(excludes securities gains)

	(in thousands)
2000	$	77,347
2001	$	85,008
2002	$	96,631
2003*	$	120,000

*Annualized—YTD 6/30/03

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Noninterest Income Growth

	2002		2003*		Growth
	(in 000s)
Service Charges	$	44,941	$	50,100	11	%
Mortgage Origination	$	14,004	$	21,400	53	%
Financial Planning	$	10,993	$	15,500	41	%
Electronic Banking	$	8,257	$	10,300	25	%

*Annualized

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Noninterest Income to Average Assets

YTD03
NV	AL	TX	FL	Consolidated	GA
1.37%	1.21%	1.03%	0.94%	0.82%	0.68%

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Financial Planning Services Revenue

	(in thousands)
1998	$	3,539
1999	$	5,500
2000	$	8,200
2001	$	8,670
2002	$	10,993
2003	$	15,500	*

*Annualized – YTD 6/30/03

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Assets Under Management

	(in millions)
2000	$	513
2001	$	800
2002	$	1,476
30-Jun-03	$	1,936

*Annualized

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Assets Under Management

Brokerage:	$	996,631,109
Asset Management:		132,494,227
Trust Services:		600,075,725
Fixed Annuity Program:		206,512,987
TOTAL	$	1,935,714,048

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Solid Dividend Growth

Over a decade of increased dividends!

’90	$	.15
’91	$	.16
’92	$	.17
’93	$	.18
’94	$	.20
’95	$	.22
’96	$	.27
’97	$	.30
’98	$	.34
’99	$	.38
’00	$	.44
’01	$	.48
’02	$	.52
’03	$	.56

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In Summary…

Ø Great franchise in high growth markets

Ø Loan growth with excellent asset quality

Ø Expand in market areas through acquisitions and new branches

Ø More products to more people

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Forward Looking Statements

This Presentation contains “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements in the presentation are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: (i) an inability of the company to realize elements of its strategic plan for 2003 and beyond, including, but not limited to, an inability to maintain asset quality, meet targeted non-performing asset levels, and meet targeted returns on assets; (ii) increases in competitive pressure in the banking industry; (iii) general economic conditions, either nationally or regionally, that are less favorable than expected; (iv) changes which may occur in the regulatory environment and (v) other factors which are more fully described in our periodic filing with the Securities and Exchange Commission. When used in this presentation, the words “believes,” “estimates,” “plans,” “expects,” “should,” “may,” “might,” “outlook,” and “anticipates,” and similar expressions as they relate to BancGroup (including its subsidiaries) or its management are intended to identify forward-looking statements. Forward-looking statements speak only as to the date they are made. BancGroup does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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