Citrus & Chemical Bancorporation, Inc.

Exhibit 99.2

2

Forward Looking Statements

This

presentation

includes

“forward-looking

statements”

within

the

meaning

of

the

federal

securities

laws.

Words

such

as

“believes,”

“estimates,”

“plans,”

“expects,”

“should,”

“may,”

“might,”

“outlook,”

“potential”

and “anticipates,”

the negative of these terms and similar

expressions, as they relate to BancGroup (including its subsidiaries or its management), are intended to identify forward-looking

statements.

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 such statements. In addition to factors mentioned elsewhere in this presentation or

previously

disclosed

in

BancGroup’s

SEC

reports

(accessible

on

the

SEC’s

website

at

www.sec.gov

or

on

BancGroup’s

website

at

www.colonialbank.com),

the

following

factors,

among

others,

could

cause

actual

results

to

differ

materially

from

forward-looking

statements and future results could differ materially from historical performance. These factors are not exclusive:

•

deposit attrition, customer loss, or revenue loss in the ordinary course of business;

•

increases in competitive pressure in the banking industry and

from non-banks;

•

costs or difficulties related to the integration of the businesses of BancGroup and institutions it acquires are greater than

expected;

•

the inability of BancGroup to realize elements of its strategic plans for 2007 and beyond;

•

changes in the interest rate environment which expand or reduce margins or adversely affect critical estimates as applied and

projected returns on investments;

•

economic conditions affecting real estate values and transactions in BancGroup’s market and/or general economic conditions,

either nationally or regionally, that are less favorable then expected;

•

natural disasters in BancGroup’s primary market areas which result in prolonged business disruption or materially impair the

value of collateral securing loans;

•

management’s assumptions and estimates underlying critical accounting policies prove to be inadequate or materially

incorrect or are not borne out by subsequent events;

•

the impact of recent and future federal and state regulatory changes;

•

current or future litigation, regulatory investigations, proceedings or inquiries;

•

strategies to manage interest rate risk may yield results other than those anticipated;

•

changes which may occur in the regulatory environment;

•

a significant rate of inflation (deflation);

•

acts of terrorism or war; and

•

changes in the securities markets.

Many of these factors are beyond BancGroup’s control. The reader is cautioned not to place undue reliance on any forward looking

statements

made

by

or

on

behalf

of

BancGroup.

Any

such

statement

speaks

only

as

of

the

date

the

statement

was

made

or

as

of

such

date

that

may

be

referenced

within

the

statement.

BancGroup

does

not

undertake

any

obligation

to

update

or

revise

any

forward-looking

statements.

3

•

Citrus & Chemical Bancorporation, Inc. (C&C), based in Lakeland,

Florida, has $876 million in assets, deposits of $727 million, net loans

of $514 million and operates 10 branch locations in the fast growing

I-4 corridor between Tampa and Orlando

•

The transaction value is approximately $219 million or $39.02 per

share with the aggregate consideration consisting of 50% cash and

50% Colonial common stock

•

The acquisition is expected to be accretive to Colonial’s EPS in the

first full year of cost savings

Summary

4

(2006 FDIC balances)

7

3.10%

Colonial

4

15.88%

Colonial/C&C

4

12.79%

C&C

3

2

1

Rank #

17.99%

B of A

21.93%

Wachovia

24.32%

SunTrust

Lakeland MSA

Colonial/C&C

Combined Deposit Market Share –

Commercial Banks

39

0.20%

C&C

5

2.92%

Colonial

5

4

3

2

1

Rank #

3.12%

Colonial/C&C

5.07%

Regions

9.74%

SunTrust

19.09%

B of A

19.93%

Wachovia

Florida

Pro Forma Florida Franchise  -

192 Branches

5

Colonial Bank

Citrus & Chemical Bank

6

$15,831

$14,743

Assets

11,040

10,313

Deposits

192

182

Branches

Florida Only

331

321

Branches

17,811

17,084

Deposits

15,793

15,279

Loans, net

$24,911

$23,823

Assets

Pro Forma

with C&C

6/30/07

1

Colonial

6/30/07

(dollars in millions)

1

Includes estimated purchase accounting adjustments

Colonial/C&C

Pro Forma Summary

7

$13 million

To be capitalized

Expected Pre-Tax Merger Related Costs

30%

Percentage of C&C’s

Expenses

$7 million

Expected Pre-Tax Cost Savings

$3 million

To be expensed

26.5

27.5

Price to LTM EPS

3.44

3.58

Price to Tangible Book Value

Mean of

Precedent

Florida

Transactions

1

C&C

Transaction Pricing

1

Florida depository acquisitions with deal value greater than $100 million

announced since January 1, 2005 per Lehman Brothers, Inc.