Acquiring Company
Colony Bank
Acquired Company
First Reliance Bancshares
United StatesFlorenceFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
On June 24, 2026, Colony Bancorp, Inc. announced its definitive merger agreement with First Reliance Bancshares, Inc. The transaction, valued at $163 million, will see First Reliance merge with Colony, strengthening Colony's presence in South Carolina. The deal is expected to close in 4Q26, pending regulatory and shareholder approval.
Quick answer
Colony Bank is acquiring First Reliance Bancshares, announced June 26, 2026. Colony Bank is based in United States.
- How much did Colony Bank pay for First Reliance Bancshares?
- The deal value was not disclosed.
- What does Colony Bank do?
- Colony Bank is a financial institution offering a variety of banking services, including personal and commercial banking.
- Where are Colony Bank and First Reliance Bancshares based?
- Colony Bank is based in United States. First Reliance Bancshares is based in Florence, South Carolina, United States.
- Who are the decision-makers at Colony Bank?
- Fundz holds 1 contact at Colony Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Colony Bank, and when
When Colony Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Colony Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Colony Bank, from your own LinkedIn network
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Related People
Frequently asked
Who acquired First Reliance Bancshares?
First Reliance Bancshares was acquired by Colony Bank, based in United States. The deal was reported on June 26, 2026. Colony Bank is a financial institution offering a variety of banking services, including personal and commercial banking. The bank focuses on serving customers in Georgia and surrounding areas. Colony Bank is privately held and operates in Financial Services.
When did Colony Bank acquire First Reliance Bancshares?
Colony Bank's acquisition of First Reliance Bancshares was reported on June 26, 2026. On June 24, 2026, Colony Bancorp, Inc. announced its definitive merger agreement with First Reliance Bancshares, Inc. The transaction, valued at $163 million, will see First Reliance merge with Colony, strengthening Colony's presence in South Carolina. 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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