Colony Bankcorp sets special shareholder meeting on First Reliance merger
CBAN•Merger terms and timing
The deal is a stock-and-cash transaction valued at about $163 million, with Colony set to acquire 100% of First Reliance’s common stock.
The companies are targeting a fourth-quarter close, following receipt of all required regulatory approvals.
Special shareholder meeting set for Oct. 14
Colony Bankcorp will hold a special shareholder meeting on Oct. 14, 2026, in Fitzgerald, Georgia.
Shareholders will vote on the proposed merger with First Reliance Bancshares, under which First Reliance would combine into Colony.
