Colony Bankcorp and TC Bancshares receive merger approvals

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Go back to Colony Bankcorp and TC Bancshares receive merger approvals

Colony Bankcorp, Inc. and TC Bancshares, Inc. Announce Regulatory and Shareholder Approvals Received for Merger

November 17, 2025 8:30 AM EST

FITZGERALD, Ga. & THOMASVILLE, Ga.--(BUSINESS WIRE)-- Colony Bankcorp, Inc. (NYSE: CBAN) (Colony or the Company), the holding company for Colony Bank, and TC Bancshares, Inc. (OTCQX: TCBC) (TC Bancshares), the holding company for TC Federal Bank, today jointly announced that they have received all required regulatory approvals, as well as shareholder approval from the shareholders of both Colony and TC Bancshares, to complete their previously announced merger (the Merger). The transaction, initially announced on July 23, 2025, is expected to close on or about December 1, 2025, subject to the satisfaction of customary... More