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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.D. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 3, 1997
THE COLONIAL BANCGROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13508 63-0661573
(State of incorporation) (Commission File No.) (IRS Employer I.D. No.)
One Commerce Street, Montgomery, Alabama 36104
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: 334-240-5000
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ITEM 5. ACQUISITION OR DISPOSITION OF ASSETS
On January 3, 1997, The Colonial BancGroup, Inc.
("BancGroup") acquired by merger Jefferson Bancorp, Inc. ("Jefferson") In this
acquisition, BancGroup issued an aggregate of 1,927,476 shares of BancGroup's
Common Stock. Also on January 3, 1997, BancGroup acquired by merger Tomoka
Bancorp, Inc. ("Tomoka") and issued 330,994 shares of BancGroup Common Stock in
such merger. Also on January 9, 1997, BancGroup acquired by merger First
Family Financial Corporation ("First Family") and issued 165,200 shares of
BancGroup common stock and paid $6,491,875 cash in such merger.
Further information regarding the terms of the acquisition of
Jefferson is contained in BancGroup's prospectus dated November 26, 1996, under
the caption "THE MERGER" and is incorporated herein by reference. The
Prospectus was filed as part of BancGroup's registration statement S-4,
Registration No. 333-16481. The Tomoka and First Family acquisitions were
immaterial to BancGroup.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE COLONIAL BANCGROUP, INC.
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(Registrant)
Date: January 20, 1997 /s/ W. Flake Oakley
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W. Flake Oakley
Chief Financial Officer
