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Articles from Colony Bankcorp, Inc.

Colony Bankcorp, Inc. to Participate in Janney Annual CEO Forum
Colony Bankcorp, Inc. (NYSECBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the Janney 2025 CEO Forum to be held on January 29th and 30th.
By Colony Bankcorp, Inc. · Via Business Wire · January 29, 2025
Colony Bankcorp Reports Fourth Quarter 2024 Results
Colony Bankcorp, Inc. (NYSECBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2024. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · January 22, 2025
Colony Bankcorp, Inc. Strengthens Leadership Team With Executive Promotions and Organizational Enhancements
Colony Bankcorp, Inc. (NYSECBAN) (“Colony” or the “Company”) is pleased to announce the promotion of three seasoned leaders, Ed Canup, Daniel Rentz, and Laurie Senn, to Executive Vice President roles. These leadership changes, along with a strategic organizational realignment, highlight Colony’s commitment to building a sustainable, high-performing independent bank.
By Colony Bankcorp, Inc. · Via Business Wire · January 7, 2025
Colony Bankcorp, Inc. Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
Colony Bankcorp, Inc. (NYSECBAN) (“Colony” or the “Company”) today announced that it will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025, after the stock market closes. The Company will also hold a live conference call on Thursday, January 23, 2025, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · January 2, 2025
Colony Bankcorp, Inc. to Participate in 2024 Hovde Group Financial Services Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the 2024 Hovde Group Financial Services Conference on November 6th through November 8th.
By Colony Bankcorp, Inc. · Via Business Wire · November 6, 2024
Colony Bankcorp, Inc. Announces Transfer of Listing of Common Stock to the New York Stock Exchange
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) the parent company of Colony Bank, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Stock Market LLC (Nasdaq).
By Colony Bankcorp, Inc. · Via Business Wire · November 5, 2024
Colony Bankcorp Reports Third Quarter 2024 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the third quarter of 2024. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · October 23, 2024
Colony Bankcorp, Inc. Announces Addition of Cissy Giglio as Director of Process Optimization
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced the addition of industry veteran Cissy Giglio as Director of Process Optimization. In this role, Giglio will lead efforts to enhance operational efficiency, streamline processes, and drive strategic initiatives that support Colony’s long-term growth objectives by fostering innovation and aligning resources with the Company’s priorities.
By Colony Bankcorp, Inc. · Via Business Wire · October 21, 2024
Colony Bankcorp, Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its third quarter 2024 financial results on Wednesday, October 23, 2024, after the stock market closes. The Company will also hold a live conference call on Thursday, October 24, 2024, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · October 4, 2024
Colony Bankcorp to Participate in 2024 Janney Financial Services Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the 2024 Janney Financial Services Conference to be held in Washington D.C. on September 16th and 17th.
By Colony Bankcorp, Inc. · Via Business Wire · September 16, 2024
Colony Bankcorp to Participate in 25th Annual KBW Community Bank Investor Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the 25th Annual KBW Community Bank Investor Conference, which is being held July 30, 2024 through July 31, 2024 in New York City.
By Colony Bankcorp, Inc. · Via Business Wire · July 30, 2024
Colony Bankcorp Reports Second Quarter 2024 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2024. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · July 24, 2024
Colony Bankcorp, Inc. Announces Date for Second Quarter 2024 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its second quarter 2024 financial results on Wednesday, July 24, 2024, after the stock market closes. The Company will also hold a live conference call on Thursday, July 25, 2024, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · July 2, 2024
Colony Bankcorp, Inc. Announces That KBRA Affirms the Company’s Ratings
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today the Company's ratings were affirmed by the Kroll Bond Rating Agency (KBRA) in its press release dated May 9, 2024. KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for the Company. KBRA indicated a Stable outlook for all long-term ratings and among its key credit considerations, cited favorable views of the Company’s durable deposit franchise, diversified revenue stream, and stability of the loan portfolio credit profile.
By Colony Bankcorp, Inc. · Via Business Wire · May 13, 2024
Colony Bankcorp to Participate in 2024 Gulf South Bank Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the 2024 Gulf South Bank Conference, which is being held April 29, 2024 through April 30, 2024.
By Colony Bankcorp, Inc. · Via Business Wire · April 29, 2024
Colony Bankcorp Reports First Quarter 2024 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the first quarter of 2024. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · April 24, 2024
Colony Bankcorp, Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its first quarter 2024 financial results on Wednesday, April 24, 2024, after the stock market closes. The Company will also hold a live conference call on Thursday, April 25, 2024, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · April 3, 2024
Colony Bankcorp to Participate in Janney Annual CEO Forum
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today that Heath Fountain, Chief Executive Officer, and Derek Shelnutt, Chief Financial Officer, will participate in the Janney 2024 CEO Forum to be held on January 31st to February 1st.
By Colony Bankcorp, Inc. · Via Business Wire · January 29, 2024
Colony Bankcorp Reports Fourth Quarter 2023 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2023. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · January 24, 2024
Colony Bankcorp, Inc. Promotes Derek Shelnutt to Executive Vice President and Chief Financial Officer
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank, announced today that Derek Shelnutt has been promoted to Executive Vice President and Chief Financial Officer of the Company, effective January 18, 2024. Shelnutt was previously promoted to Executive Vice President and Chief Financial Officer of Colony Bank on July 1, 2023, and previously served as Senior Vice President and Chief Accounting Officer of the Company.
By Colony Bankcorp, Inc. · Via Business Wire · January 23, 2024
Colony Bank Donates $400,000 to 10 Rural Hospitals Across Georgia
Colony Bank’s recent $400,000 contribution to ten rural hospitals across Georgia through the Georgia HEART Hospital Program will help amplify healthcare funding and promote community well-being. The Georgia HEART program aims to support rural hospitals by increasing their funding and ability to provide healthcare to patients in Georgia.
By Colony Bankcorp, Inc. · Via Business Wire · January 9, 2024
Colony Bankcorp, Inc. Announces Date for Fourth Quarter 2023 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its fourth quarter 2023 financial results on Wednesday, January 24, 2024, after the stock market closes. The Company will also hold a live conference call on Thursday, January 25, 2024, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · January 5, 2024
Colony Bankcorp Reports Third Quarter 2023 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the third quarter of 2023. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · October 25, 2023
Colony Bankcorp, Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its third quarter 2023 financial results on Wednesday, October 25, 2023, after the stock market closes. The Company will also hold a live conference call on Thursday, October 26, 2023, at 9:00 AM ET.
By Colony Bankcorp, Inc. · Via Business Wire · October 6, 2023
Colony Bankcorp Reports Second Quarter 2023 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2023. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · July 26, 2023
Colony Bankcorp, Inc. Announces Date for Second Quarter 2023 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its second quarter 2023 financial results on Wednesday, July 26, 2023, after the stock market closes. The Company will also hold a live conference call on Thursday, July 27, 2023, at 9:00 am ET.
By Colony Bankcorp, Inc. · Via Business Wire · July 5, 2023
Colony Bank Names Derek Shelnutt Chief Financial Officer
Colony Bank announced today that Derek Shelnutt has been named Executive Vice President and Chief Financial Officer of the Bank, effective July 1, 2023. Shelnutt previously served as Senior Vice President, Chief Accounting Officer, and Acting Chief Financial Officer of the Bank since January 2023. Shelnutt will continue to serve as Senior Vice President and Chief Accounting Officer of Colony Bankcorp., Inc. and Heath Fountain, Chief Executive Officer, will continue to serve as Acting Chief Financial Officer of Colony Bankcorp., Inc.
By Colony Bankcorp, Inc. · Via Business Wire · June 29, 2023
Colony Bank Donates $195,000 to Support Nine Schools Through Georgia Goal Scholarship Program
Colony Bank is proud to announce its recent contribution of $195,000 to support the Georgia GOAL Scholarship Program. This donation was directed to nine schools across the state and will provide financial assistance to students seeking higher education.
By Colony Bankcorp, Inc. · Via Business Wire · June 26, 2023
Colony Bankcorp Announces That KBRA Affirms the Company’s Ratings
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) announced today the Company's ratings were affirmed by the Kroll Bond Rating Agency (KBRA) in its press release dated May 12, 2023. KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for the Company. KBRA indicated a Stable outlook for all long-term ratings and among its key credit considerations, cited favorable views of the Company’s durable deposit franchise, diversified revenue stream, and stability of the loan portfolio credit profile.
By Colony Bankcorp, Inc. · Via Business Wire · May 15, 2023
Colony Bankcorp Reports First Quarter 2023 Results Declares Quarterly Cash Dividend of $0.11 Per Share
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the first quarter of 2023. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · April 27, 2023
Colony Bankcorp, Inc. Announces Date for First Quarter 2023 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its first quarter 2023 financial results on Thursday, April 27, 2023, after the stock market closes. The Company will also hold a live conference call on Friday, April 28, 2023, at 9:00 am EDT.
By Colony Bankcorp, Inc. · Via Business Wire · April 5, 2023
Colony Bankcorp Reports Fourth Quarter and Year Ended 2022 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2022 and for the year ended December 31, 2022. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · January 26, 2023
Colony Bankcorp, Inc. Announces Date for Fourth Quarter 2022 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its fourth quarter 2022 financial results on Thursday, January 26, 2023, after the stock market closes. The Company will also hold a live conference call on Friday, January 27, 2023, at 9:00 am EST to discuss its financial results, business, and outlook.
By Colony Bankcorp, Inc. · Via Business Wire · January 9, 2023
Colony Bank Donates $500,000 Through Georgia Heart Hospital Program
Colony Bank today announced that it has donated $500,000 to 10 rural hospitals throughout Georgia as part of the Georgia HEART Hospital Program. This program aims to help rural hospitals by increasing their funding and their ability to provide healthcare to many patients throughout Georgia.
By Colony Bankcorp, Inc. · Via Business Wire · December 21, 2022
Colony Bankcorp, Inc. Names Edward G. Canup Chief Revenue Officer, President of Banking Solutions
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that Edward G. “Ed” Canup has been named Chief Revenue Officer and President of Banking Solutions. In this newly created position, Canup will be charged with the strategic development of new business lines, the expansion of existing ancillary lines of business, and the support of relationship banking.
By Colony Bankcorp, Inc. · Via Business Wire · November 7, 2022
Colony Bankcorp Appoints Audrey Hollingsworth to Board of Directors
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced the appointment of Audrey D. Hollingsworth to the Board of Directors for both the Company and Colony Bank, effective December 1, 2022.
By Colony Bankcorp, Inc. · Via Business Wire · October 24, 2022
Colony Bankcorp Reports Third Quarter 2022 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the third quarter of 2022. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · October 20, 2022
Colony Bankcorp, Inc. Announces Date for Third Quarter 2022 Earnings Release and Conference Call
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it will release its third quarter 2022 financial results on Thursday, October 20, 2022, after the stock market closes. The Company will also hold a live conference call on Friday, October 21, 2022, at 9:00 am EDT to discuss its financial results, business, and outlook.
By Colony Bankcorp, Inc. · Via Business Wire · October 14, 2022
Colony Bankcorp to Participate in Janney Community Bank CEO Forum
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that Heath Fountain, Chief Executive Officer, Andy Borrmann, Chief Financial Officer, and D. Copeland, President, will participate in the Janney Community Bank CEO Forum on September 19-20, 2022.
By Colony Bankcorp, Inc. · Via Business Wire · September 16, 2022
Colony Bankcorp Announces Organizational Changes
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced senior management organizational changes designed to position the Company for long-term success on its mission to build a sustainable, high-performing independent bank.
By Colony Bankcorp, Inc. · Via Business Wire · September 13, 2022
Colony Bankcorp Reports Second Quarter 2022 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2022. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · July 21, 2022
Colony Bankcorp Completes $40 Million Subordinated Note Offering
Colony Bankcorp, Inc. (NASDAQCBAN) (“Colony” or the “Company”), the parent company of Colony Bank, announced today the completion of its private placement of $40 million in fixed-to-floating rate subordinated notes due 2032 (the “Notes”) on May 20, 2022. The Notes will bear a fixed rate of 5.25% for the first five years and will reset quarterly thereafter to then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 265 basis points for the five year floating term. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after May 20, 2027, or at any time, in whole but not in part, upon certain other specified events.
By Colony Bankcorp, Inc. · Via Business Wire · May 23, 2022
Colony Bankcorp Reports First Quarter 2022 Results and New Cost Initiative
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the first quarter of 2022. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · April 21, 2022
Colony Bankcorp, Inc. Announces Upsize and Pricing of Underwritten Offering of Common Stock
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the holding company for Colony Bank, a Georgia state-chartered bank, today announced the pricing of an upsized underwritten public offering of 3,346,509 shares of its common stock at a price to the public of $16.50 per share for gross proceeds of approximately $55.2 million. The net proceeds to the Company, after deducting underwriting discounts and commissions but before deducting estimated offering expenses, are expected to be approximately $52.2 million. The Company has granted the underwriters a 30-day option to purchase an additional 501,976 shares of Company common stock at the public offering price.
By Colony Bankcorp, Inc. · Via Business Wire · February 8, 2022
Colony Bankcorp, Inc. Announces Commencement of Common Stock Offering
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or “the Company”), the holding company for Colony Bank, a Georgia state-chartered bank, today announced the commencement of an underwritten public offering of approximately $52.5 million shares of its common stock to the public. The Company also expects to grant to the underwriter a 30-day option to purchase additional shares of its common stock at the public offering price, less underwriting discounts and commissions.
By Colony Bankcorp, Inc. · Via Business Wire · February 7, 2022
Colony Bankcorp to Participate in Janney West Coast Bank CEO Forum
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that T. Heath Fountain, President and Chief Executive Officer, Tracie Youngblood, Executive Vice President and Chief Financial Officer, and Andy Borrmann, Executive Vice President and Chief Strategy Officer will participate the Janney West Coast CEO Forum on February 2-3, 2022 in Scottsdale, Arizona.
By Colony Bankcorp, Inc. · Via Business Wire · January 24, 2022
Colony Bankcorp Reports Fourth Quarter and Year End 2021 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2021 and for the year ended December 31, 2021. Financial highlights are shown below.
By Colony Bankcorp, Inc. · Via Business Wire · January 20, 2022
Colony Bankcorp Launches Merchant Services Division
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced it has launched a Merchant Services division. Led by two industry veterans, the newly created division will offer businesses seamless solutions to accept and process customer payments. Steve Raines will join Colony as Director, Merchant Services and Tami Tetro will join as Merchant Sales Representative.
By Colony Bankcorp, Inc. · Via Business Wire · December 22, 2021
Colony Bankcorp to Participate in Hovde Financial Services Conference
Colony Bankcorp, Inc. (NASDAQCBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that T. Heath Fountain, President and Chief Executive Officer, Brian Schmitt, Executive Vice Chairman, Tracie Youngblood, Executive Vice President and Chief Financial Officer, and Andy Borrmann, Executive Vice President and Chief Strategy Officer will participate the Hovde Financial Services Conference on November 3-5, 2021 in Phoenix.
By Colony Bankcorp, Inc. · Via Business Wire · October 22, 2021
Colony Bankcorp Reports Third Quarter 2021 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported net income of $5.6 million, or $0.45 per diluted share, for the quarter ended September 30, 2021, compared with $3.1 million, or $0.33 per diluted share, for the quarter ended September 30, 2020. The Company reported operating net income of $7.1 million, or $0.57 per diluted share, for the quarter ended September 30, 2021, compared with $3.7 million, or $0.39 per diluted share, for the same period in 2020. Operating net income for quarter ended September 30, 2021 and 2020 excludes pre-tax acquisition related expenses, and the net income tax benefit for these adjustments (See Reconciliation of Non-GAAP Measures).
By Colony Bankcorp, Inc. · Via Business Wire · October 21, 2021
Colony Bankcorp to Participate in Janney Community Bank Conference 2021
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that T. Heath Fountain, President and Chief Executive Officer, Brian Schmitt, Executive Vice Chairman, Tracie Youngblood, Executive Vice President and Chief Financial Officer, and Andy Borrmann, Executive Vice President and Chief Strategy Officer will participate in a series of one-on-one meetings at the Janney Community Bank Conference on September 20-21, 2021 in Atlanta.
By Colony Bankcorp, Inc. · Via Business Wire · September 13, 2021
Colony Bankcorp Completes Previously Announced Acquisitions of SouthCrest Financial Group and The Barnes Agency
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it has completed the acquisition of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A. SouthCrest adds over $700 million in assets through its nine-branch network, creating the largest community bank, and fourth largest bank, in Georgia with assets of approximately $2.4 billion. Additionally, the Company announced it has completed the acquisition of The Barnes Agency, an Allstate appointed consumer property and casualty insurance agency in Macon, GA and has created a subsidiary to operate the Allstate agency under the name Colony Insurance.
By Colony Bankcorp, Inc. · Via Business Wire · August 2, 2021
Colony Bankcorp to Participate in KBW Virtual Community Bank Investor Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank, today announced that T. Heath Fountain, President and Chief Executive Officer, and Tracie Youngblood, Executive Vice President and Chief Financial Officer, will participate in a series of one-on-one meetings at the Keefe, Bruyette & Woods’ Virtual Community Bank Investor Conference, which takes place August 3-5, 2021. Presentation materials will be available under the Investor Relations section of the Company’s website, www.colony.bank.
By Colony Bankcorp, Inc. · Via Business Wire · July 27, 2021
Colony Bankcorp Reports Second Quarter 2021 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported net income of $4.0 million, or $0.42 per diluted share, for the quarter ended June 30, 2021, compared with $2.2 million, or $0.23 per diluted share, for the quarter ended June 30, 2020. The Company reported operating net income of $4.6 million, or $0.49 per diluted share, for the quarter ended June 30, 2021, compared with $2.4 million, or $0.25 per diluted share for the same period in 2020. Operating net income for June 30, 2021 and 2020 excludes pre-tax acquisition related expenses, and the net income tax benefit for these adjustments.
By Colony Bankcorp, Inc. · Via Business Wire · July 22, 2021
Colony Bankcorp, Inc. Names R. Dallis “D” Copeland, Jr. Special Advisor
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank, today announced the appointment of R. Dallis “D” Copeland, Jr. as Special Advisor. In this newly-created position working closely with Colony’s executive team, Copeland will utilize his extensive banking and executive leadership experience to provide insight on corporate planning and strategic decision making as well as customer relationship building and talent acquisition.
By Colony Bankcorp, Inc. · Via Business Wire · July 21, 2021
Colony Bankcorp, Inc. Forms Colony Insurance
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced it has agreed to acquire The Barnes Agency, an Allstate appointed consumer property and casualty insurance agency in Macon, GA. The transaction is expected to close August 1, 2021. In conjunction with the transaction, the Bank has formed a new subsidiary that will operate under the brand Colony Insurance, which will offer a suite of consumer insurance solutions as an Allstate appointed agency, and has named Jason Barnes as President of the subsidiary.
By Colony Bankcorp, Inc. · Via Business Wire · July 20, 2021
Colony Bankcorp to Participate in 2021 Gulf South Bank Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced that T. Heath Fountain, President and Chief Executive Officer, and Tracie Youngblood, Executive Vice President and Chief Financial Officer, will participate in a series of virtual one-on-one meetings at the 2021 Gulf South Bank Conference on May 3 - 4, 2021.
By Colony Bankcorp, Inc. · Via Business Wire · April 26, 2021
Colony Bankcorp and SouthCrest Financial Group to Combine in Transformational Merger
Colony Bankcorp, Inc. (Nasdaq: CBAN) ("Colony" or "the Company"), the holding company for Colony Bank, and SouthCrest Financial Group, Inc. (PK: SCSG) ("SouthCrest"), the holding company for SouthCrest Bank, N.A., today jointly announced the signing of an Agreement and Plan of Merger under which Colony has agreed to acquire 100% of the common stock of SouthCrest in a combined stock-and-cash transaction valued at approximately $84.0 million. Upon completion of the transaction, Colony is expected to have approximately $2.4 billion in assets, $1.4 billion in loans, $2.0 billion in deposits, and $165.8 million in tangible common equity. The transaction is expected to be meaningfully accretive to Colony's fully diluted earnings per share in year one, excluding transaction costs.
By Colony Bankcorp, Inc. · Via Business Wire · April 22, 2021
Colony Bankcorp Reports First Quarter 2021 Results
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported net income of $4.9 million, $0.52 per diluted share, for the quarter ended March 31, 2021, compared with $1.6 million, or $0.17 per diluted share, for the quarter ended March 31, 2020. The Company reported operating net income of $5.1 million, or $0.53 per diluted share, for the quarter ended March 31, 2021, compared with $1.8 million, or $0.19 per diluted share for the same period in 2020. Operating net income for March 31, 2021 and 2020 excludes after-tax acquisition related expenses, and the net income tax expense (benefit) for the adjustments.
By Colony Bankcorp, Inc. · Via Business Wire · April 22, 2021