Colonial BancGroup, the nation's largest warehouse lender, said its chairman and CEO Robert Lowder will retire once Taylor, Bean & Whitaker completes its investment in the bank. Mr. Lowder founded the company in 1981. TBW is a mortgage banking firm based in Ocala, Fla. It is paying two-thirds of the $300 million that will be invested in the Montgomery, Ala.-based Colonial. Until the deal is finalized Mr. Lowder will continue on as chairman, director and CEO of the bank. Under his leadership Colonial completed 68 acquisitions and became the top player in residential warehouse finance.
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