---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-077342"
form_type: "8-K"
ticker: "CBAN"
cik: "0000711669"
company_name: "COLONY BANKCORP INC"
filed_at: "2026-06-24T21:00:41+00:00"
generated_at: "2026-06-24T21:02:54.626080+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Colony Bankcorp to acquire First Reliance Bancshares for ~$163M, 20% cash/80% stock

## Summary
- Deal valued at ~$163M; FSRL shareholders can elect $19.75 cash or 0.94 Colony shares per share.
- Expected Q4 2026 close; pro forma ~$5B assets, $4.0B deposits, and $3.2B loans.
- Transaction immediately accretive to Colony EPS excluding one-time merger costs.
- Rick Saunders to become Executive Vice Chairman; other senior leadership appointed.
- Combined bank will keep First Reliance brand in South Carolina after close.

## SEC filing metadata
- accession: 0001104659-26-077342
- form_type: 8-K
- ticker: CBAN
- cik: 0000711669
- company_name: COLONY BANKCORP INC
- filed_at: 2026-06-24T21:00:41+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711669/000110465926077342/0001104659-26-077342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711669/000110465926077342/tm2618469d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-077342
- JSON: https://secwatch.observer/filing/0001104659-26-077342.json
- Plain text: https://secwatch.observer/filing/0001104659-26-077342.txt

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