secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2026-06-24T21:00:41+00:00
Accession:  0001104659-26-077342
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000110465926077342/0001104659-26-077342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000110465926077342/tm2618469d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-077342

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