EXHIBIT 8 [LETTERHEAD OF PRICEWATERHOUSECOOPERS LLP] July 9, 2002 Mr. Flake Oakley Chief Financial Officer The Colonial BancGroup, Inc. P.O. Box 1109 Montgomery, AL 36101 Dear Mr. Oakley: For valid business reasons, Palm Beach National Holding Company...Agreement and Plan of Merger • July 11th, 2002 • Colonial Bancgroup Inc • State commercial banks
