Colony Bankcorp, Inc. entered into a merger agreement with First Reliance Bancshares, Inc. to merge FSRL into the Company. FSRL shareholders can elect to receive either $19.75 in cash or 0.94 shares of Colony Bankcorp common stock per share, with an allocation of approximately 20% cash and 80% stock. The transaction is expected to close in the fourth quarter of 2026. Colony Bankcorp, Inc. is a financial services company providing banking services.
