Colony Bankcorp Completes Previously Announced Acquisitions Of Southcrest Financial Group And The Barnes Agency
Acquiring Company
Colony Bank
Acquired Company
Colony Bank
United StatesUnited StatesFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it has completed the acquisition of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A. SouthCrest adds over $700 million in assets through its nine-branch network, creating the largest community bank, and fourth largest bank, in Georgia with assets of approximately $2.4 billion. Additionally, the Company announced it has completed the acquisition of The Barnes Agency, an Allstate appointed consumer property and casualty insurance agency in Macon, GA and has created a subsidiary to operate the Allstate agency under the name Colony Insurance.
Quick answer
Colony Bank is acquiring Colony Bank and The Barnes Agency, announced August 2, 2021. Colony Bank is based in United States.
- How much did Colony Bank pay for Colony Bank?
- The deal value was not disclosed.
- Where are Colony Bank and Colony Bank based?
- Colony Bank is based in United States. Colony Bank is based in 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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Frequently asked
Who acquired Colony Bank?
Colony Bank was acquired by Colony Bank, based in United States. The deal was reported on August 2, 2021. 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 Colony Bank?
Colony Bank's acquisition of Colony Bank was reported on August 2, 2021. Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today announced that it has completed the acquisition of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Colony Bank do?
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. It is privately held, operating in Financial Services, and is based in United States.
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