Last Friday, Aug. 14th, the FDIC closed Colonial Bank. All their accounts were purchased by BB&T bank. The Creekwood Master Association is currently is a customer of Colonial Bank. Based on the website everything should continue as usual. Click the image to the left to visit Colonial's website.
This was the 77th bank failure of 2009 and the 5th largest in history. The public radio program Marketplace has a very interesting discussion of how this FDIC takeover is different from all the previous takeovers.
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