COLONY BANKCORP INC SEC Filings

Copeland R Dallis Jr reported disposition transactions in this Form 4 filing.

COLONY BANKCORP INC President R Dallis Copeland Jr reported routine share movements tied to stock compensation and retirement savings. On the non-derivative side, 1,500 shares of common stock were relinquished at $20.49 per share to cover tax liabilities related to stock vesting, leaving him with 25,272 directly held shares.

He also reported 5,305 shares held indirectly through a 401(k) plan, which include shares acquired via company match, reinvested dividends, and salary deferrals. These updates reflect compensation- and benefit-related adjustments rather than open-market buying or selling.

Colony Bankcorp, Inc. entered into a definitive Agreement and Plan of Merger to acquire First Reliance Bancshares, Inc. The companies agreed that FSRL will merge into Colony and First Reliance Bank will merge into Colony Bank, with closing expected in Q4 2026, subject to regulatory, shareholder and other customary conditions.

The merger consideration gives FSRL shareholders an election of $19.75 cash or 0.94 shares of Colony common stock, with approximately 20% of FSRL stock to receive cash and 80% to receive stock under customary allocation procedures. The agreement includes a $6,600,000 termination fee, a dissenters threshold of 7.5%, and deal termination outside date of March 24, 2027 (extendable to April 23, 2027) under stated conditions.

Colony Bankcorp, Inc. is entering a transformative merger with First Reliance Bancshares in a stock-and-cash deal valued at approximately $163 million. First Reliance shareholders can elect either $19.75 in cash or 0.94 Colony share per First Reliance share, with about 20% of shares paid in cash and 80% in stock.

The combined bank is expected to have about $5 billion in assets, $4.0 billion in deposits and $3.2 billion in loans, creating a larger Southeast community banking franchise across Georgia, South Carolina, Alabama and Florida. Colony projects roughly 20% earnings per‑share accretion in 2027, around 12% tangible book value dilution with earnback in under 3.5 years, and a pro forma Common Equity Tier 1 ratio near 11%.

The merger, unanimously approved by both boards, is targeted to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals and other customary conditions, including tax reorganization treatment under Section 368(a) and limits on FSRL dissenting shares. A $6.6 million termination fee may be payable by First Reliance in specified break‑up scenarios, and directors and executives of both companies have signed voting agreements supporting the deal.

Colony Bankcorp, Inc. reported results of its annual shareholder meeting held on May 21, 2026. Shareholders owning 16,138,980 shares of common stock, or 76.22% of the 21,172,315 shares outstanding as of March 27, 2026, were represented, establishing a quorum.

All eight director nominees received between 13,313,557 and 13,883,640 votes in favor and were elected to serve until the 2027 annual meeting. Shareholders also approved the advisory say-on-pay resolution, with 13,368,357 votes for, 350,535 against and 240,647 abstentions.

Mauldin & Jenkins, LLC was ratified as independent registered public accounting firm for the year ended December 31, 2026, receiving 15,991,044 votes for, 143,300 against and 4,636 abstentions.

Colony Bankcorp Inc reported a Schedule 13G/A amendment showing Fourthstone LLC and related reporting persons beneficially own 2,064,886 shares of Common Stock. The filing states this equals 9.76% of the class based on 21,166,315 shares outstanding as of March 11, 2026.

The filing explains the shares are held in the ordinary course of business by Fourthstone as an investment adviser and are not held to influence control. Related entities and L. Phillip Stone are reported with shared voting and dispositive power over the same 2,064,886 shares.

Colony Bankcorp, Inc. reported stronger Q1 2026 results, with net income of $8.2 million compared with $6.6 million a year earlier, and diluted earnings per share of $0.39 versus $0.38.

Total assets were $3.72 billion and loans reached $2.41 billion, while deposits totaled $3.05 billion. Net interest income rose to $29.2 million, supported by higher loan interest, and noninterest income increased to $10.7 million. Credit quality remained manageable, with nonaccrual loans at $17.6 million and an allowance for credit losses of $21.7 million. Operating cash flow was a solid $54.3 million, allowing the company to fund investment activity and dividends while modestly repurchasing shares.

COLONY BANKCORP INC Chief Banking Officer Edward G. Canup reported an open-market purchase of common stock. On May 5, 2026, he bought 1,000 shares at $19.65 per share, increasing his direct holdings to 30,968.67 shares.

He also indirectly holds 9,492.33 shares through a 401K account, which includes shares acquired through reinvested dividends and salary deferral.

Colony Bankcorp Inc: Vanguard Capital Management reports beneficial ownership of 1,097,120 shares (5.18%) of Common Stock.

The filer states sole dispositive power over 1,097,120 shares and sole voting power over 138,521 shares. The disclosure attributes holdings to Vanguard Capital Management LLC and named affiliates; ownership includes shares held in Vanguard funds and managed accounts.

Colony Bankcorp chief banking officer Edward G. Canup reported open-market purchases of company stock. He bought 1,000 shares of COLONY BANKCORP, INC common stock at $19.97 per share on April 24 and another 1,000 shares at $19.80 per share on April 27.

After these transactions, Canup directly owns 29,968.67 shares. He also has an indirect holding of 9,492.33 shares through a 401k account, which includes shares acquired via 401k company match, reinvested dividends, and salary deferral.