Colonial BancGroup 2004 Annual Report

Corporate Offices
Colonial Financial Center
One Commerce Street
Montgomery, Alabama 36104
(334) 240-5000
www.colonialbank.com

Annual Meeting
The annual meeting of shareholders of The Colonial BancGroup, Inc. will be held on Wednesday, April 20, 2005, at 10:00 a.m. Central Time, at the corporate offices.

Stock Exchange
BancGroup’s Common Stock is traded on the New York Stock Exchange under symbol CNB. In many newspapers the stock is listed as ColBgp.

Dividend Reinvestment and
Stock Purchase Plan
Owners of BancGroup Common Stock may participate in the Dividend Reinvestment and Common Stock Purchase Plan. Dividends are reinvested and additional shares purchased at 100% of the market price average, determined as provided in the plan.

A quarterly dividend of $0.1525 per share was declared on January 19, 2005, payable on February 11, 2005 to shareholders of record on January 28, 2005. Dividends have been paid every year since the Company was founded in 1981. The annual dividend rate has increased every year since 1990.

Form 10-K
Form 10-K is BancGroup’s annual report filed with the Securities and Exchange Commission, and is included within this document.

A copy of BancGroup’s 10-K, information on BancGroup’s dividend, reinvestment and stock purchase plan (the “plan”), a prospectus and enrollment card for the plan may be obtained, free of charge, by contacting:

Randy Sallé
The Colonial BancGroup, Inc.
P.O. Box 1108
Montgomery, Alabama 36101
(888) 843-0622
randy_salle@colonialbank.com

Transfer and Dividend Listing
Disbursing Agent
SunTrust Bank, Atlanta
Stock Transfer Department
P.O. Box 4625
Atlanta, Georgia 30302
(800) 568-3476

Analysts, investors and others seeking additional financial information should contact:

Glenda Allred
Director of Investor Relations
The Colonial BancGroup, Inc.
P.O. Box 1108
Montgomery, Alabama 36101
(334) 240-5064
glenda_allred@colonialbank.com

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