secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2026-09-17T12:30:19+00:00
Accession:  0001104659-26-108432
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000110465926108432/0001104659-26-108432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000110465926108432/cban-20260917x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-108432

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