Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or “the company”) is a $3.1 billion asset bank holding company headquartered in Fitzgerald, Georgia, which, through its lead subsidiary, Colony Bank (“the bank”), is Georgia’s largest community bank headquartered outside of Atlanta. Founded in 1975, Colony Bank operates 34 locations including 4 loan production offices (LPOs) in the state of Georgia. More recently, the bank has expanded into Birmingham, Alabama as well as Tallahassee, Florida. CBAN offers a standard set of bank financial services that includes mortgage banking and insurance products from its insurance agency to complement traditional retail and commercial banking products.
M&A has been a key driver of the company’s contemporary growth, with recent acquisitions in 2019 and 2021 in addition to seven insurance agency acquisitions since 2021. In 1Q22, the company raised $59.3 million in common equity to rebuild capital levels closer to…
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