Colony Bankcorp and First Reliance Clear Final Regulatory Hurdle for $163M Merger
CBAN sits 33% above its 52-week low of $15.8.
Summary
Colony Bankcorp and First Reliance Bancshares announced that all regulatory approvals have been obtained for their pending merger, clearing a major condition to closing. The deal, valued at approximately $163 million in stock and cash, was first announced on June 24, 2026. Shareholder votes for both companies are scheduled for October 14, 2026, with closing expected in the fourth quarter. The combined entity will have about $5 billion in assets, $4 billion in deposits, and $3.2 billion in loans, positioning Colony as a leading Southeast community bank.
At the time of this announcement, CBAN was trading at $21.06 on NYSE in the Finance sector, with a market capitalization of approximately $446.9M. The 52-week trading range was $15.80 to $22.46. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.