Colony Bankcorp appoints D. Copeland as President; separates CEO/President roles; Hoyle to retire

COLONY BANKCORP INC

R. Dallis Copeland Jr. named President effective Sept 13, 2022; Heath Fountain remains CEO.
Eddie Hoyle (EVP & Chief Banking Officer) retiring Dec 31, 2022; to serve as special advisor from Jan 1, 2023, with new 2-year contract at $120k salary.
Copeland's employment agreement: 2-year term, base salary $350k, bonus opportunity, severance including change-in-control.
Kimberly Dockery appointed Chief of Staff (new role), overseeing HR, tech, innovation, acting as CEO proxy.
Hoyle's previous employment agreement terminated; new agreement with reduced role and compensation.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

R. Dallis Copeland, Jr.

President

CBAN · COLONY BANKCORP INC

Effective: 2022-09-13
Filed: September 13, 2022, 7:59 PM ET

the Board of Directors of Colony Bankcorp, Inc. (the “Company”), the bank holding company for Colony Bank (the “Bank”), and the Board of Directors of the Bank approved the appointment of Mr. R. Dallis Copeland, Jr. as President of the Company and the Bank, effective September 13, 2022.

Role change

T. Heath Fountain

President and Chief Executive Officer

CBAN · COLONY BANKCORP INC

Effective: 2022-09-13
Successor: R. Dallis Copeland, Jr.
Filed: September 13, 2022, 7:59 PM ET

Mr. T. Heath Fountain previously served as President and Chief Executive Officer of the Company and the Bank, and will continue to serve as Chief Executive Officer of the Company and the Bank effective September 13, 2022.

Departed

M. Eddie Hoyle

Executive Vice President and Chief Banking Officer

CBAN · COLONY BANKCORP INC

Effective: 2023-01-01
Filed: September 13, 2022, 7:59 PM ET

Effective January 1, 2023, Mr. Hoyle will transition out of his current role as Executive Vice President and Chief Banking Officer and into a new role as special advisor to the Company and the Bank.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Dallis Copeland, Jr. was appointed as President at COLONY BANKCORP INC.

Action: appointed
Role: President

Exact text from the filing

the Board of Directors of Colony Bankcorp, Inc. (the “Company”), the bank holding company for Colony Bank (the “Bank”), and the Board of Directors of the Bank approved the appointment of Mr. R. Dallis Copeland, Jr. as President of the Company and the Bank, effective September 13, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

T. Heath Fountain changed role as President and Chief Executive Officer at COLONY BANKCORP INC.

Action: role changed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. T. Heath Fountain previously served as President and Chief Executive Officer of the Company and the Bank, and will continue to serve as Chief Executive Officer of the Company and the Bank effective September 13, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

M. Eddie Hoyle changed role as Executive Vice President and Chief Banking Officer at COLONY BANKCORP INC.

Action: transitioned
Role: Executive Vice President and Chief Banking Officer

Exact text from the filing

Effective January 1, 2023, Mr. Hoyle will transition out of his current role as Executive Vice President and Chief Banking Officer and into a new role as special advisor to the Company and the Bank.

View on SEC.gov

COLONY BANKCORP INC filing history →

Source: SEC EDGAR

accession 0000711669-22-000163

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