Acquiring Company
Colony Bankcorp
Acquired Company
First Reliance Bancshares
FlorenceFinancial ServicesFinanceLendingBankingDescription
Colony Bankcorp has secured regulatory approvals for its planned $163 million acquisition of First Reliance Bancshares. The merger is set for a shareholder vote on October 14, 2026. If completed, the combined company will have approximately $5 billion in assets. Colony Bankcorp reported strong earnings, enhancing the backdrop for this merger.
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Frequently asked
Who acquired First Reliance Bancshares?
First Reliance Bancshares was acquired by Colony Bankcorp. The deal was reported on October 5, 2026. Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 39 locations throughout Georgia. Colony Bankcorp is publicly traded (CBAN).
When did Colony Bankcorp acquire First Reliance Bancshares?
Colony Bankcorp's acquisition of First Reliance Bancshares was reported on October 5, 2026. Colony Bankcorp has secured regulatory approvals for its planned $163 million acquisition of First Reliance Bancshares. The merger is set for a shareholder vote on October 14, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does First Reliance Bancshares do?
First Reliance Bancshares, Inc. is the holding company for First Reliance Bank. The company offers a range of banking services primarily to customers in South Carolina. It is privately held, operating in Financial Services, and is based in Florence.
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