Colony Bankcorp To Acquire TC Bancshares In $86.1M Cash-And-Stock Merger

Author: Benzinga Newsdesk | July 23, 2025 04:01pm

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 partnership brings together two like-minded institutions with complementary strengths, strong cultural alignment, and a shared commitment to community banking and enduring customer relationships.

Posted In: CBAN TCBC