Colony Bankcorp And First Reliance Bancshares Sign Definitive Merger Agreement; Colony To Acquire 100% Of The Stock Of First Reliance In A Combined Stock-And-Cash Transaction Valued At ~$163M

Colony Bankcorp, Inc.
FIRST RELIANCE BANCSHARES INC

Colony Bankcorp, Inc.

CBAN

0.00

FIRST RELIANCE BANCSHARES INC

FSRL

0.00

Colony Bankcorp, Inc. (NYSE:CBAN) ("Colony" or the "Company"), the holding company for Colony Bank, and First Reliance Bancshares, Inc. (OTCQX:FSRL) ("First Reliance"), the holding company for First Reliance Bank, today jointly announced the signing of a definitive merger agreement in which Colony has agreed to acquire 100% of the stock of First Reliance in a combined stock-and-cash transaction valued at approximately $163 million (the "Merger"). This strategic combination will create a transformational partnership, significantly expanding the combined institution’s footprint across premier, high-growth markets in Alabama, Florida, Georgia and South Carolina.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.