Notice about Colonial Bank

As you know, we pay our HOA dues through Colonial Bank. That has changed with BBT&T's acquisition of Colonial last Friday. Sort of.

According to an e-mail to board members from the Vice President of Leland Management, our property manager at St. Charles Place, the bank's name has changed but the operations and staff should stay the same.‏

An excerpt:

The bank name will change from Colonial to BB&T. It is our understanding that it is and will continue to be business as usual. At this time, payments via auto pay, coupons and statements will remain the same and be processed even with Colonial Bank’s name on it. Homeowners should continue to make payments just as they have in the past.

You don't have to do anything different to pay your HOA dues.