Colony Bankcorp, First Reliance shareholders approve $163M merger; Q4 2026 close expected

COLONY BANKCORP INC

Colony holders approved the stock issuance: 13,338,856 for, 76,939 against; 13,419,694 shares (63.23%) represented at the Oct. 14, 2026 special meeting.
First Reliance (OTCQX: FSRL) shareholders also approved the deal; all necessary regulatory approvals have been received.
Deal announced June 24, 2026: Colony (NYSE: CBAN) to acquire 100% of First Reliance in a stock-and-cash transaction valued at about $163 million.
Closing anticipated in Q4 2026, subject to customary closing conditions.
Pro forma Colony expected to hold ~$5B total assets, ~$4B deposits and ~$3.2B loans across Georgia, South Carolina and Florida.

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