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vote, a former alumni association president, Andy
Hornsby, filed a civil lawsuit in Lee County Circuit Court, claiming that the appointment violated the state's Open Meetings Act. Just a few days later, on May 16, 2011, Lowder contacted the Governor's Office asking his name be withdrawn from consideration for reappointment.
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was the decisive vote on the five member nominating committee, which chose to re-appoint Lowder for another twelve-year term on the Board. Some claims suggest the
Governor voted in favor of Lowder due to his wife's donation of $ 25,000 to the Bentley campaign on September 21, 2010. Following this
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Lowder was
Chairman of the Board and CEO of Colonial BancGroup, positions he held for 25 years. In 2006, his total compensation was $ 2.77 million and his five-year compensation total was $ 11.23 million, making him one of the 50 most highly compensated banking executives in the United States at
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Colonial BancGroup was reported to be under
Federal investigation for possible criminal activities of its financial dealings in its mortgage subsidiary in August, 2009, and on August 14, 2009, Colonial Bank was shut down by banking regulators, with its deposits and branches purchased by
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Lowder's tenure on the Auburn
University Board of Trustees ended on April 10, 2012, when the Alabama state senate voted to replace five of the fourteen members. Lowder's successor on the board, M. Clark Sahlie, was elected to a seven-year term.
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Lowder has long been regarded as one of the nation's most powerful college boosters and power-behind-the-scenes trustees at Auburn. In 2003, when then-University
President
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Lowder began serving on the Auburn
University Board of Trustees in 1983. In 2001, the Board of Trustees at Auburn summarily dismissed President
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alumnus, graduating with a B.S. in
Business Administration in 1964. While at Auburn he was a member of the Army ROTC and the
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448:"Updated: Leadership, not wife's donation, earned Bobby Lowder governor's vote for Auburn University trustee, aide says"
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that time. He retired from
Colonial Bank on May 28, 2009, but remained on the Board of Trustees at Auburn University.
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and athletic director David Housel secretly spoke with
University of Louisville football coach
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banking executive, and founder and former longtime CEO of the failed
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Trustees' Ouster of President at Auburn Fuels Widespread Anger.
488:"Alabama Senate approves five new Auburn University trustees"
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American chief executives of financial services companies
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Isidore, Chris; Pepitone, Julianne (14 August 2009).
303:"Colonial BancGroup target of Federal criminal probe"
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462:"Suit filed over Lowder nomination | WRBL"
330:"Colonial Bank shut down by Federal regulators"
204:"Auburn University - Board Membership History"
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177:In the Spring of 2011, Alabama Governor
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432:. Dallas Morning News. Archived from
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364:"The Chronicle of Higher Education"
147:Auburn University Board of Trustees
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359:The Chronicle of Higher Education
285:"CEO Compensation - Forbes.com"
409:Fish, Mike (12 January 2006).
390:Fish, Mike (13 January 2006).
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380:Last accessed March 23, 2007.
538:Philanthropists from Alabama
428:Crawford, Eric; Forde, Pat.
533:Businesspeople from Alabama
430:"Petrino says no to Auburn"
361:, March 16, 2001, p. A34.
48:1944 (age 79–80)
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264:Auburn Alumni Association
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518:Auburn University alumni
411:"Most Powerful Boosters"
392:"A Tiger of a trustee"
234:"A Tiger of a trustee"
353:Basinger, Julianne. "
110:from 1983 to 2012.
16:American businessman
78:Founder and CEO of
52:Montgomery, Alabama
370:on 22 October 2006
260:"Bobby Lowder '64"
214:on 4 November 2012
166:about taking over
104:Colonial BancGroup
90:(born ca. 1944 in
436:on 3 August 2007.
309:on 16 August 2009
208:Auburn University
179:Robert J. Bentley
168:Auburn University
160:William F. Walker
120:Auburn University
108:Auburn University
88:Robert E. Lowder
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64:Auburn University
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523:American bankers
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490:. 10 April 2012.
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172:Tommy Tuberville
45:Robert E. Lowder
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94:) is a former
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35:Lowder in 2023
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164:Bobby Petrino
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118:Lowder is an
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100:Colonial Bank
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508:1940s births
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470:. Retrieved
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372:. Retrieved
368:the original
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307:the original
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153:William Muse
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126:fraternity.
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23:Bobby Lowder
374:7 September
502:Categories
218:14 October
190:References
313:15 August
114:Education
60:Education
415:ESPN.com
396:ESPN.com
339:26 April
269:21 April
244:21 April
238:ESPN.com
141:BB&T
124:Sigma Pi
96:American
92:Alabama
472:16 May
289:Forbes
54:, U.S.
75:Title
474:2011
376:2016
341:2010
315:2009
271:2024
246:2024
220:2012
102:and
41:Born
334:CNN
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