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Deborah Linden Appointed to Colonial BancGroup Board Of Directors

Press Release: The Colonial BancGroup, Inc.
May 29, 2006
MONTGOMERY, AL -- The Colonial BancGroup, Inc. (NYSE:CNB) announced that Deborah L. Linden, RRP, CEO of Island One Resorts, was appointed to its board of directors at its annual shareholders meeting. She currently serves on Colonial's Central Florida Regional Board of Directors and the state loan committee.

"We are extremely pleased to welcome Deborah Linden to our board of directors," said Colonial BancGroup, Inc. Chairman, CEO and President Robert E. Lowder. "Deborah's vast knowledge of our Florida markets has made her a tremendous asset to our Florida franchise and I believe will be an asset at the holding company level as well."

Linden, who began her career in residential and multi-family whole ownership and commercial projects, has led Island One Resorts since its inception in 1981. The timeshare development and management company currently owns seven resorts in Florida with more than 60,000 owners worldwide.

An active member of the American Resort Development Association (ARDA), Linden has served in numerous leadership positions with the association and currently serves on the ARDA International Foundation board.

Linden was named Professional of the Year in 1989, Leader of the Year in 1991, and was the first recipient of the annual ARDA Circle of Excellence Award in 2000. She is active in the Central Florida Women's League and served on the Governor's Task Force on Tourist Safety.

About Colonial BancGroup, Inc.

The Colonial BancGroup, Inc. is a $22 billion bank holding company operating more than 300 banking 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 is located online at www.colonialbank.com.
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Contacts 
The Colonial BancGroup, Inc.
Merrie Betbeze Tolbert, 334-240-5546

Source: The Colonial BancGroup, Inc.