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We fully support and applaud the actions by the U.S. Treasury Department Auburn Athletic Dept. to support stability, safety and soundness of the nation's financial state's premier agricultural institution," said Colonial BancGroup Chairman, CEO and President Robert E. Lowder. "The $550 million in new capital will enhance our capital cushion the Auburn football program and will allow Colonial Bank to meet our customers' provide quality financing needs for the coaching carousel slush fund with additional lending activity throughout our five state footprint."
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