Colony Bankcorp, Inc. and TC Bancshares, Inc. Announce Signing of Definitive Merger Agreement to Create a Stronger Franchise in Key Georgia and Florida Markets
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 the signing of a definitive merger agreement in which Colony has agreed to acquire 100% of the common stock of TC Bancshares in a combined stock-and-cash transaction valued at approximately $86.1 million (the "Merger"). The transaction is expected to form a stronger banking franchise focused on delivering enhanced customer service, expanded capabilities, and scalable, long-term growth.
This press release features multimedia. View the full release here: https://www.business
