Commercial Bankshares Sample Contracts

Colonial Bancgroup Inc. – ELECTION FORM AND LETTER OF TRANSMITTAL to Accompany Certificates of Common Stock, Par Value $0.08 Per Share, of Commercial Bankshares, Inc. Name(s) and Address of Registered Holder(s) (April 23rd, 2007)

Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 23, 2007 (Merger Agreement) by and between The Colonial BancGroup, Inc. (Colonial) and Commercial Bankshares, Inc. (Commercial), upon consummation of the merger of Colonial and Commercial, each share of Commercial common stock will be converted into the right to receive either 2.0214 shares of Colonial common stock or $49.00 cash or any combination thereof; provided that pursuant to the terms of the Merger Agreement, Colonial must pay cash consideration for 50% of the outstanding shares of Commercial common stock, and Colonial must pay consideration in the form of Colonial common stock for the other 50% of the outstanding shares of Commercial common stock. Consequently, if Commercial shareholders in the aggregate elect to receive cash consideration for greater than 50% of the outstanding shares of Commercial common stock, then Commercial shareholders who have elected cash will have the amount of cash they re

Commercial Bankshares Inc – ELECTION FORM AND LETTER OF TRANSMITTAL to Accompany Certificates of Common Stock, Par Value $0.08 Per Share, of Commercial Bankshares, Inc. Name(s) and Address of Registered Holder(s) (April 23rd, 2007)

Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 23, 2007 (Merger Agreement) by and between The Colonial BancGroup, Inc. (Colonial) and Commercial Bankshares, Inc. (Commercial), upon consummation of the merger of Colonial and Commercial, each share of Commercial common stock will be converted into the right to receive either 2.0214 shares of Colonial common stock or $49.00 cash or any combination thereof; provided that pursuant to the terms of the Merger Agreement, Colonial must pay cash consideration for 50% of the outstanding shares of Commercial common stock, and Colonial must pay consideration in the form of Colonial common stock for the other 50% of the outstanding shares of Commercial common stock. Consequently, if Commercial shareholders in the aggregate elect to receive cash consideration for greater than 50% of the outstanding shares of Commercial common stock, then Commercial shareholders who have elected cash will have the amount of cash they re

Commercial Bankshares Inc – ELECTION FORM AND LETTER OF TRANSMITTAL to Accompany Certificates of Common Stock, Par Value $0.08 Per Share, of Commercial Bankshares, Inc. Name(s) and Address of Registered Holder(s) (April 20th, 2007)

Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 23, 2007 (Merger Agreement) by and between The Colonial BancGroup, Inc. (Colonial) and Commercial Bankshares, Inc. (Commercial), upon consummation of the merger of Colonial and Commercial, each share of Commercial common stock will be converted into the right to receive either 2.0214 shares of Colonial common stock or $49.00 cash or any combination thereof; provided that pursuant to the terms of the Merger Agreement, Colonial must pay cash consideration for 50% of the outstanding shares of Commercial common stock, and Colonial must pay consideration in the form of Colonial common stock for the other 50% of the outstanding shares of Commercial common stock. Consequently, if Commercial shareholders in the aggregate elect to receive cash consideration for greater than 50% of the outstanding shares of Commercial common stock, then Commercial shareholders who have elected cash will have the amount of cash they re

Colonial Bancgroup Inc. – ELECTION FORM AND LETTER OF TRANSMITTAL to Accompany Certificates of Common Stock, Par Value $0.08 Per Share, of Commercial Bankshares, Inc. Name(s) and Address of Registered Holder(s) (April 19th, 2007)

Pursuant to the terms of the Agreement and Plan of Merger, dated as of January 23, 2007 (Merger Agreement) by and between The Colonial BancGroup, Inc. (Colonial) and Commercial Bankshares, Inc. (Commercial), upon consummation of the merger of Colonial and Commercial, each share of Commercial common stock will be converted into the right to receive either 2.0214 shares of Colonial common stock or $49.00 cash or any combination thereof; provided that pursuant to the terms of the Merger Agreement, Colonial must pay cash consideration for 50% of the outstanding shares of Commercial common stock, and Colonial must pay consideration in the form of Colonial common stock for the other 50% of the outstanding shares of Commercial common stock. Consequently, if Commercial shareholders in the aggregate elect to receive cash consideration for greater than 50% of the outstanding shares of Commercial common stock, then Commercial shareholders who have elected cash will have the amount of cash they re