Colony Bankcorp, Inc. and TC Bancshares Inc. have received all required regulatory approvals and shareholder approval for their merger.
The merger announcement was initially made on July 23, 2025, and the closing is expected to take place around December 1, 2025.
The combined company will have around $3.8 billion in total assets, making Colony one of the leading community banks in the Southeast.
Merger Approval
Both regulatory and shareholder approvals have been successfully obtained for the merger between Colony Bankcorp, Inc. and TC Bancshares Inc.
Transaction Details
The combined stock-and-cash transaction for the merger is valued at approximately $86.1 million.
Financial Position
Upon completion of the merger, the new entity will have $3.1 billion in total deposits and $2.4 billion in loans.
- The merger will enhance Colony Bankcorp's position as a prominent community bank with expanded services and reach in the Southeast.
- Customers of both banks will experience a seamless transition with detailed information provided well in advance of any changes to accounts or services.
The merger between Colony Bankcorp, Inc. and TC Bancshares Inc. marks a significant step towards creating a stronger community banking franchise with increased assets and enhanced services for customers.