0000711669FALSE00007116692023-12-142023-12-14

Date of Report (Date of earliest event reported): December 14, 2023

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On December 12, 2023, Harold W. Wyatt, III, member of the Board of Directors of Colony Bankcorp, Inc. (the “Company”) and Colony Bank (the “Bank”), provided notice of his decision not to stand for reelection at the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”). Mr. Wyatt currently serves as a director of the Company and the Bank and a member of the Company’s Audit Committee, Governance Committee, Nominating Committee and Risk Management Committee. Mr. Wyatt will continue to serve in such roles at the Company until his term as a director of the Company expires at the 2024 Annual Meeting. Upon the completion of his term as a director of the Company, Mr. Wyatt intends to retire from his positions with the Company. Mr. Wyatt’s decision not to stand for reelection did not arise or result from any disagreement with the Company on any matters relating to the Company’s operations, policies or practices, but rather his desire to focus his efforts on his commercial real estate and asset management businesses and restructuring his portfolio to build capital to accommodate future investment opportunities.

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.