Colony Bankcorp to buy First Reliance in stock-and-cash deal valued at USD 163 million

Colony Bankcorp, Inc.
FIRST RELIANCE BANCSHARES INC

Colony Bankcorp, Inc.

CBAN

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FIRST RELIANCE BANCSHARES INC

FSRL

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  • Colony Bankcorp agreed to acquire First Reliance Bancshares in a stock-and-cash deal valued at about $163 million.
  • First Reliance holders can elect USD 19.75 cash or 0.94 Colony shares per share, with proration to about 20% cash, 80% stock.
  • Combined bank expected to have about $5 billion assets, $4 billion deposits, $3.2 billion loans, expanding across Alabama, Florida, Georgia, South Carolina.
  • Closing targeted for Q4 2026, pending regulatory clearances and shareholder votes.
  • First Reliance CEO Rick Saunders to become executive vice chairman; South Carolina branches to keep the First Reliance brand.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Colony Bankcorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260624863022) on June 24, 2026, and is solely responsible for the information contained therein.

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