---
schema_version: "secwatch.filing_event.v1"
accession: "0000711669-25-000137"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:49:49.260972+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Colony Bankcorp to acquire TC Bancshares for ~$86.1M in stock/cash mix

## Summary
- 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.

## SEC filing metadata
- accession: 0000711669-25-000137
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000071166925000137/0000711669-25-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000071166925000137/cban-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000711669-25-000137
- JSON: https://secwatch.observer/filing/0000711669-25-000137.json
- Plain text: https://secwatch.observer/filing/0000711669-25-000137.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.