January 5, 2006

Restatement of Financial Results

Exhibit 99.3

2

Forward Looking Statements

This

presentation

includes

“forward-looking

statements”

within

the

meaning

of

the

federal

securities

laws.

Words

such

as

“believes,”

“estimates,”

“plans,”

“expects,”

“should,”

“may,”

“might,”

“outlook,”

and “anticipates,”

and similar expressions, as they relate to BancGroup

(including

its

subsidiaries

or

its

management),

are

intended

to

identify

forward-looking

statements.

The

forward-looking

statements

in

these reports are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied

by

the

statements.

In

addition

to

factors

mentioned

elsewhere

in

this

report

or

previously

disclosed

in

BancGroup’s

SEC

reports

(accessible

on

the

SEC’s

website

at

www.sec.gov

or

on

BancGroup’s

website

at

www.colonialbank.com),

the

following

factors,

among

others,

could

cause

actual

results

to

differ

materially

from

forward-looking

statements

and

future

results

could

differ

materially

from

historical performance. These factors are not exclusive:

•

deposit attrition, customer loss, or revenue loss in the ordinary course of business;

•

increases in competitive pressure in the banking industry;

•

costs

or

difficulties

related

to

the

integration

of

the

businesses

of

BancGroup

and

institutions

it

acquires

are

greater

than

expected;

•

the inability of BancGroup

to realize elements of its strategic plans for 2005 and beyond;

•

changes in the interest rate environment which expand or reduce margins or adversely affect critical estimates as applied and

projected returns on investments;

•

economic

conditions

affecting

real

estate

values

and

transactions

in

BancGroup’s

market

and/or

general

economic

conditions,

either nationally or regionally, that are less favorable then expected;

•

natural

disasters

in

BancGroup’s

primary

market

areas

result

in

prolonged

business

disruption

or

materially

impair

the

value

of

collateral securing loans;

•

management’s

assumptions

and

estimates

underlying

critical

accounting

policies

prove

to

be

inadequate

or

materially

incorrect or are not borne out by subsequent events;

•

strategies to manage interest rate risk may yield results other than those anticipated;

•

changes which may occur in the regulatory environment;

•

a significant rate of inflation (deflation);

•

acts of terrorism or war; and

•

changes in the securities markets.

Many

of

these

factors

are

beyond

BancGroup’s

control.

The

reader

is

cautioned

not

to

place

undue

reliance

on

any

forward

looking

statements made by or on behalf of BancGroup. Any such statement speaks only as of the date the statement was made or as of such

date

that

may

be

referenced

within

the

statement.

BancGroup

does

not

undertake

any

obligation

to

update

or

revise

any

forward-looking

statements.

3

Net Interest Income

($ in millions)

$188

$177

$167

$158

$150

$144

$133

$131

$130

$185

$174

$163

$154

$145

$139

$129

$126

$127

$120

$130

$140

$150

$160

$170

$180

$190

$200

3Q03

4Q03

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

Originally Reported

As Restated

4

Net Interest Margin Improvement

3.83%

3.78%

3.72%

3.68%

3.64%

3.60%

3.58%

3.53%

3.43%

3.78%

3.72%

3.64%

3.58%

3.53%

3.49%

3.45%

3.41%

3.36%

3.10%

3.20%

3.30%

3.40%

3.50%

3.60%

3.70%

3.80%

3.90%

3Q03

4Q03

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

Originally Reported

As Restated

5

Outlook

2006 Diluted earnings per share is expected to be within the range of the January 4, 2006

street EPS estimates

2006 Estimates

January 4, 2006

Street EPS Range

$1.67 –

$1.75

Mean

$1.71