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 September 8, 2006): September 12, 2006

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 principal executive offices)

(334) 240-5000

(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On September 12, 2006, The Colonial BancGroup, Inc. (“BancGroup”) announced a $100 million stock repurchase program. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. This stock repurchase program was previously disclosed on BancGroup’s Current Report on Form 8-K dated September 11, 2006.

Item 9.01 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	Press Release Announcing Stock Repurchase Program

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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/    T. BRENT HICKS
	T. Brent Hicks
	Chief Accounting Officer

Date: September 12, 2006

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EX-99.1

Exhibit 99.1

	NEWS RELEASE
Colonial BancGroup, Inc.	FOR IMMEDIATE RELEASE
P.O. Box 1108	September 12, 2006
Montgomery, AL 36101
	For More Information Contact:
	T. Brent Hicks (334) 240-5100

COLONIAL BANCGROUP ANNOUNCES STOCK REPURCHASE PROGRAM

MONTGOMERY, Ala. – The Executive Committee of the Board of Directors of The Colonial BancGroup, Inc. approved a new stock repurchase program on September 8, 2006. The stock repurchase program authorizes the repurchase of up to $100 million of BancGroup Common Stock.

The stock repurchase program was authorized because of favorable market conditions. Purchases will be made from time to time in the open market or in privately negotiated transactions on such terms as are deemed to be in the best interests of BancGroup. The stock repurchase program is in addition to the stock repurchase program announced on July 21, 2006.

About The Colonial BancGroup, Inc.

The Colonial BancGroup, Inc. is a $23 billion bank holding company operating 299 offices in Florida, Alabama, Georgia, Nevada and Texas. The company’s common stock is traded on the New York Stock Exchange under the symbol CNB and the company’s Web site is located at www.colonialbank.com.

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