Colony Bankcorp gets regulatory approvals for $163M merger with First Reliance

COLONY BANKCORP INC

Regulatory approvals received for acquisition of First Reliance Bancshares; close expected Nov 1, 2026, subject to shareholder votes.
Shareholder meetings for both companies scheduled for Oct 14, 2026.
Merger consideration: combined stock-and-cash valued at ~$163M; combined company ~$5B assets, $4B deposits, $3.2B loans.
President R. Dallis Copeland Jr. signed new 2-year employment agreement starting Sept 13, 2026, with $400K base salary and change-in-control severance of 2x salary+bonus.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.