Acquiring Company
Colony Bankcorp
Acquired Company
First Reliance Bancshares
FitzgeraldFlorenceFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Colony Bankcorp, Inc. has signed a definitive merger agreement to acquire First Reliance Bancshares, Inc. for approximately $163 million. This merger aims to create a significant banking entity with a strong footprint in the Southeast. Both companies emphasize maintaining their community banking ethos post-merger.
Quick answer
Colony Bankcorp is acquiring First Reliance Bancshares, announced June 24, 2026. Colony Bankcorp is based in Fitzgerald, Georgia, United States.
- How much did Colony Bankcorp pay for First Reliance Bancshares?
- The deal value was not disclosed.
- What does Colony Bankcorp do?
- Colony Bankcorp, Inc. is the bank holding company for Colony Bank.
- Where are Colony Bankcorp and First Reliance Bancshares based?
- Colony Bankcorp is based in Fitzgerald, Georgia, United States. First Reliance Bancshares is based in Florence, South Carolina, United States.
- Who are the decision-makers at Colony Bankcorp?
- Fundz holds 3 contacts at Colony Bankcorp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Colony Bankcorp, and when
When Colony Bankcorp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Colony Bankcorp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Colony Bankcorp, from your own LinkedIn network
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Frequently asked
Who acquired First Reliance Bancshares?
First Reliance Bancshares was acquired by Colony Bankcorp, based in Fitzgerald. The deal was reported on June 24, 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) and operates in Financial Services.
When did Colony Bankcorp acquire First Reliance Bancshares?
Colony Bankcorp's acquisition of First Reliance Bancshares was reported on June 24, 2026. Colony Bankcorp, Inc. has signed a definitive merger agreement to acquire First Reliance Bancshares, Inc. for approximately $163 million. This merger aims to create a significant banking entity with a strong footprint in the Southeast. 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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