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Rockwall’s Colonial Bank fails, taken over by BB&T; part of fifth largest bank failure

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The Colonial Bank branch in Rockwall was shut down Friday by federal regulators as part of the fifth largest banking failure in history.

It was was taken over Saturday by BB&T (Branch Banking & Trust Co.)

The branch was one of 346 Colonial branches shut down, including the main office in Montgomery AL.

No further local details are available until this coming week.

Click here to read the Fox Business news story.

Customers with questions can call the FDIC at 800-405-8739, or visit a Web site created to provide information about the failure.

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