The Colonial BancGroup, Inc. (NYSE: CNB) announced that it plans to release third quarter 2007 results before the market opens on Wednesday, October 17, 2007. Colonial's management will host a conference call on October 17, 2007 at 3:00 PM/ET to discuss the earnings results for the third quarter. Individuals are encouraged to listen to the live webcast of the presentation as well as view a slide presentation by visiting Colonial's web site at www.colonialbank.com. The webcast will be hosted under ?Events and Presentations? located under the ?Investor Relations? section of the website. To participate in the Q&A session of the conference call, dial (877) 502-9272 or (913) 981-5581 Toll International, (Leader: Lisa Free).

A replay of the conference call will be available beginning at 6:00 PM/ET on October 17, 2007 and ending at midnight on October 22, 2007 by dialing (888) 203-1112 (Domestic Toll-Free) or (719) 457-0820 (Toll International). The passcode for both numbers is 1064579.

The Colonial BancGroup, Inc. operates over 300 branches in Florida, Alabama, Georgia, Nevada and Texas with more than $23 billion in assets. The Company's common stock is traded on the New York Stock Exchange under the symbol CNB.

The Colonial BancGroup, Inc.
Lisa Free, 334-676-5105
Director of Investor Relations