M&A
confidence high
sentiment neutral
materiality 0.60
Colony Bankcorp files SouthCrest financials and pro forma combined statements for merger closed Aug 1, 2021
COLONY BANKCORP INC
- Colony Bankcorp completed merger with SouthCrest Financial Group on Aug 1, 2021; this amendment adds historical and pro forma financials.
- SouthCrest reported 2020 net income of $6.2M, total assets $715M, loans $323M, deposits $595.7M as of Dec 31, 2020.
- Unaudited interim financials for SouthCrest as of June 30, 2021 and for six-month periods ended June 30, 2021 and 2020 are included.
- Pro forma combined balance sheet as of June 30, 2021 and income statements for six months ended June 30, 2021 and year ended Dec 31, 2020 are filed.