secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001104659-25-117152
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp completes merger with TC Bancshares effective Dec 1, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000110465925117152/0001104659-25-117152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000110465925117152/tm2532053d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-117152

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