m_and_a
confidence high
sentiment positive
materiality 0.75
Colony Bankcorp to acquire TC Bancshares for ~$86.1M in stock/cash mix
COLONY BANKCORP INC
- Deal value ~$86.1M; each TCBC share elects $21.25 cash or 1.25 Colony shares.
- Approx. 20% cash / 80% stock consideration; expected immediately accretive to EPS.
- Combined pro forma: $3.8B assets, $3.1B deposits, $2.4B loans.
- Expected close Q4 2025; subject to regulatory and shareholder approvals.
- TCBC CEO Greg Eiford to join Colony as EVP & Chief Community Banking Officer.
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