Colony Bankcorp, First Reliance shareholders approve deal
CBAN•Shareholders of Colony Bankcorp and First Reliance Bancshares approved Colony’s approximately $163 million stock-and-cash acquisition of First Reliance. Closing is expected in the fourth quarter of 2026, subject to customary conditions.
1. Approval secured
Shareholders of Colony Bankcorp and First Reliance Bancshares approved the proposed acquisition, and all necessary regulatory approvals have been secured. The June 24, 2026, agreement covers 100% of First Reliance’s stock for approximately $163 million in stock and cash; closing is expected in the fourth quarter of 2026, subject to customary closing conditions. The combined bank is expected to have approximately $5 billion in assets, $4 billion in deposits and $3.2 billion in loans, with a franchise across Georgia, South Carolina and Florida.
