Brief: Colony Bankcorp And TC Bancshares Sign Merger Deal
24/07/2025 24:02
July 23 (Reuters) - Colony Bankcorp Inc CBAN.N: 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: PROPOSED DEAL FOR APPROXIMATELY $86.1 MILLION COLONY BANKCORP INC: PROPOSED DEAL FOR EITHER $21.25 IN CASH OR 1.25 SHARES OF COLONY'S COMMON STOCK FOR EACH SHARE OF TC BANCSHARES COLONY BANKCORP: TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO CO'S EPS EXCLUDING ONE-TIME MERGER-RELATED EXPENSES Source text: ID:nBwF7ydNa Further company coverage: CBAN.N ((Reuters.Briefs@thomsonreuters.com;))
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