secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2026-10-15T20:15:20+00:00
Accession:  0001104659-26-116248
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 5.07, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000110465926116248/0001104659-26-116248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000110465926116248/cban-20261014x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-116248

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