by WKRG Staff
Published: Tue, June 09, 2009 - 4:02 pm CST
Colonial Bank has been issued a "cease and desist" order by the FDIC.According to the order, Colonial Bank has "engaged in unsafe or unsound banking practices" and has committed "violations of law and/or regulations."
Now that sounds scary. But the bottom line for customers is your money is safe. As long as each account is less than $250,000, every penny is insured by the FDIC.
Colonial Bank Collapses









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