{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-117152","form_type":"8-K","ticker":"CBAN","cik":"0000711669","company_name":"COLONY BANKCORP INC","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.962123+00:00","generated_at":"2026-05-16T15:57:17.121830+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Colony Bankcorp completes merger with TC Bancshares effective Dec 1, 2025","bullets":["Each TCBC share converted to either $21.25 cash or 1.25 CBAN shares; 20% cash, 80% stock proration.","CBAN issued ~3.84M shares and paid ~$15.4M cash to former TCBC shareholders.","Combined entity has ~$3.7B assets, $3.0B deposits, $2.4B loans; conversion to Colony Bank expected in early 2026.","TC Federal customers continue through existing branches until system conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-117152","json":"https://secwatch.observer/filing/0001104659-25-117152.json","markdown":"https://secwatch.observer/filing/0001104659-25-117152.md","text":"https://secwatch.observer/filing/0001104659-25-117152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/711669/000110465925117152/0001104659-25-117152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/711669/000110465925117152/tm2532053d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:57:17.121830+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2bbb690e079cd74248f90bd378ef0809cfd07b11","claim":"COLONY BANKCORP INC completed an acquisition involving TC Bancshares, Inc. for $21.25 in cash or 1.25 shares of Colony common stock for each share of TC Bancshares common stock (closed 2025-12-01).","evidence_excerpt":"of TCBC common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive, at the election of each TCBC shareholder, either (i) $21.25 in cash (the “Per Share Cash Consideration”), or (ii) 1.25 shares of the Company’s common stock (the “Per Share Stock Consideration”), subject to customary proration and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/711669/000110465925117152/0001104659-25-117152-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"TC Bancshares, Inc."},{"label":"Consideration","value":"$21.25 in cash or 1.25 shares of Colony common stock for each share of TC Bancshares common stock"},{"label":"Closing","value":"2025-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}