National Homeownership Month – 2020

June marks National Homeownership Month – a month dedicated to celebrating and promoting the benefits homeownership brings to individuals and families across the country. Colonial has been proudly offering a wide variety of ...

An Update Regarding COVID-19

It’s been more than two months since the majority of the United States was shut down due to the COVID-19 pandemic. Thanks to social distancing and the use of protective masks, we are seeing what looks to be a return to normalcy ...

Low Rates Amid COVID-19

The Coronavirus (COVID-19) Pandemic has left no business or industry untouched. While Americans and the rest of the world attempt to adapt to a “new normal” by easing back to work and acclimating to the changes brought forth, ...

What is Mortgage Forbearance?

COVID-19 has affected all of our lives in one way or another, including our finances. For those experiencing a job loss due to the COVID-19 pandemic, we would like to extend help during this difficult time. Colonial is working ...

A Message from Colonial Regarding COVID-19

At Colonial, the health and safety of our customers and employees is our highest priority. Because of the growing concern regarding the coronavirus, also known as COVID-19, Colonial is taking extra precautions to ensure the well-being ...

Top New Payment Options to Consider

Just a few years ago, the major question regarding payment was, “Cash or credit?” Today, the question is a bit more complicated. Consumers are utilizing more than just cash, checks, credit cards and debit cards. They now use ...

New Exclusive Financial Assistance Program Now Available with Colonial

One of the biggest challenges facing potential homebuyers in purchasing a home is saving for the down payment and closing costs. As rent and home prices increase, it can be difficult to save the money necessary for these expenses. ...

What is Escrow?

If you have ever shopped for a house, you have heard of the term “escrow” or the phrase “in escrow.” It’s usually used regarding real estate, but it is also applicable to other large purchases, especially when you want ...

Why Your Financial Institution Is the Best Place for an Auto Loan

Although there are many ways to establish a car loan when you’re purchasing a new or used ride, some financial entities will save you more money and deliver more personalized service than others. Here are five advantages to ...

When to Pay Cash or to Finance

Purchasing a vehicle is one of the largest and most important financial transactions you will make in your lifetime. It can also be one of the most complicated, with a variety of options to consider and many choices to make, such ...