secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000711669-25-000137
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166925000137/0000711669-25-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166925000137/cban-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000711669-25-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer