Press Release

DBRS Releases Report on Colonial BancGroup, Inc.

Banking Organizations
November 03, 2006

Dominion Bond Rating Service (DBRS) has today released a report on Colonial BancGroup, Inc. (the Company) and related entities that provides further detail on the recent trend change to Positive from Stable for the Company’s ratings. All ratings were concurrently confirmed, and new ratings were assigned to certain subsidiaries of the Company, all with Positive trends.

To obtain a copy of the full report or the October 27, 2006, press release, please click on the link below or contact us at info@dbrs.com.