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Stock impact report

Colony Bankcorp, Inc. and TC Bancshares, Inc. Announce Regulatory and Shareholder Approvals Received for Merger [Yahoo! Finance]

Colony Bankcorp, Inc. (CBAN) 
US:NASDAQ Investor Relations: investors.colonybank.com
Company Research Source: Yahoo! Finance
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 that they have received all required regulatory approvals, as well as shareholder approval from the shareholders of both Colony and TC Bancshares, to complete their previously announced merger (the "Merger"). The transaction, initially announced on July 23, 2025, is expected to close on or about December 1, 2025, subject to the satisfaction of customary closing conditions. "We're very pleased to receive both shareholder and regulatory approval to move one step closer to bringing our two organizations together," said T. Heath Fountain, Chief Executive Officer of Colony Bankcorp, Inc. "These approvals reflect confidence in our partnership and reinforce our shared commitment to building a stronger community banking franchise. As we prepare for closing, our focus remains on delivering value for our shareholders and Show less Read more
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