Brief: Colony Bankcorp, Inc. And First Reliance Bancshares, Inc. Sign Definitive Merger Agreement To Create Transformational Southeast Banking Partnership
BRIEF-Colony Bankcorp, Inc. And First Reliance Bancshares, Inc. Sign Definitive Merger Agreement To Create Transformational Southeast Banking Partnership June 24 (Reuters) - Colony Bankcorp Inc CBAN.N:
COLONY BANKCORP, INC. AND FIRST RELIANCE BANCSHARES, INC. SIGN DEFINITIVE MERGER AGREEMENT TO CREATE TRANSFORMATIONAL SOUTHEAST BANKING PARTNERSHIP
COLONY BANKCORP INC: STOCK-AND-CASH TRANSACTION VALUED AT APPROXIMATELY $163 MILLION
COLONY BANKCORP INC: COMBINED STOCK-AND-CASH TRANSACTION VALUED AT APPROXIMATELY $163 MILLION
COLONY BANKCORP INC: TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO COLONY'S EARNINGS PER SHARE, EXCLUDING ONE-TIME MERGER-RELATED EXPENSES
COLONY BANKCORP INC: ABOUT 20% OF FIRST RELIANCE STOCK WILL BE CONVERTED TO CASH CONSIDERATION AND REMAINING 80% WILL BE CONVERTED TO CO'S STOCK
COLONY BANKCORP: UNDER DEAL, FIRST RELIANCE SHAREHOLDERS CAN GET EITHER $19.75 IN CASH OR 0.94 OF A SHARE OF COLONY'S COMMON STOCK
Source text: ID:nBw66bVHHa
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