Colony Bankcorp, First Reliance Shareholders Approve Deal

Bitget2026/10/15 20:16

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Shareholders of Colony Bankcorp and First Reliance Bancshares approved the proposed acquisition of First Reliance, completing the transaction's required approval process.
All necessary regulatory approvals are secured, with closing expected in the fourth quarter of 2026, subject to customary closing conditions.
The June 24, 2026, agreement covers 100% of First Reliance's stock for approximately $163 million in stock and cash.
The combined bank is expected to hold approximately $5 billion in assets, $4 billion in deposits and $3.2 billion in loans.
The acquisition will expand the banking franchise across Georgia, South Carolina and Florida.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Colony Bankcorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261015893769) on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Colony Bankcorp, First Reliance Shareholders Approve Deal

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