Mergers & Acquisitions ·
Colony Bankcorp, Inc. announced it has received all required regulatory approvals to complete its merger with First…
CBANColony Bankcorp Inc
Colony Bankcorp, Inc. announced it has received all required regulatory approvals to complete its merger with First Reliance Bancshares, Inc., a previously signed stock-and-cash transaction valued at approximately $163 million. The consolidation is expected to close on November 1, 2026, pending shareholder approvals and customary closing conditions, with special meetings scheduled for October 14, 2026. Upon completion, the combined entity will hold approximately $5 billion in total assets, $4 billion in deposits, and $3.2 billion in loans. Additionally, the company disclosed that R. Dallis Copeland, Jr. entered into a new two-year employment agreement as President effective September 13, 2026, with an annual base salary of $400,000 and specific change-in-control severance provisions. Colony Bankcorp operates in the banking industry as a community bank holding company serving Georgia and North Florida.