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IN RE COLONIAL BANCGROUP, INC.

Case No. 09-32303-DHW.

In re: THE COLONIAL BANCGROUP, INC., Chapter 11, Debtor.

United States Bankruptcy Court, M.D. Alabama.

January 24, 2011.

Attorney(s) appearing for the Case

C. Edward Dobbs , Attorney for Debtor.

John J. Clarke, Jr. , Attorney for FDIC.

Brian D. Pfeiffer , Attorney for Committee.

Robert B. Rubin , Attorney for Committee.

MEMORANDUM OPINION

DWIGHT H. WILLIAMS, JR., Bankruptcy Judge

The Federal Deposit Insurance Corporation, in its capacity as receiver for Colonial Bank ("FDIC"), Montgomery, Alabama, filed a renewed motion for relief from the automatic stay, to the extent deemed applicable, to permit the FDIC to exercise alleged setoff rights against the balances held in certain demand deposit accounts of The Colonial BancGroup, Inc. ("Debtor") at Branch Banking and Trust...

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