Shareholders Clear $163M First Reliance Merger, Q4 Close Targeted
CBAN sits 27% above its 52-week low of $15.8.
Summary
Shareholders of both Colony Bankcorp and First Reliance Bancshares approved the merger, clearing the last major hurdle after all regulatory approvals were secured in September. The deal is valued at roughly $163 million and is expected to close in Q4 2026, subject to customary conditions. The combined bank would hold about $5 billion in pro forma assets, a meaningful scale-up for a company of Colony's size. This follows the S-4 filed in August and the final prospectus that set the October 14 vote. The remaining step is closing; integration and any early synergy figures would be the next real update.
At the time of this announcement, CBAN was trading at $20.03 on NYSE in the Finance sector, with a market capitalization of approximately $425.1M. 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 7 out of 10. Source: Wiseek News.