Colony Bankcorp and TC Bancshares get all regulatory and shareholder approvals; merger set for Dec 1

COLONY BANKCORP INC

Shareholders approved stock issuance proposal with 11,045,200 for, 102,805 against; adjournment also passed.
Regulatory approvals received for $86.1M stock-and-cash merger with TC Bancshares.
Transaction expected to close on or about December 1, 2025, pending customary closing conditions.
Combined company to have ~$3.8B assets, $3.1B deposits, and $2.4B loans.
Customers of both banks to keep existing branches and platforms until full system conversion.

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