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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 19, 2025
COLONY BANKCORP, INC.
(Exact name of registrant as specified in its charter)
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| Georgia |
001-42397 |
58-1492391 |
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(Commission File Number) |
(IRS Employer Identification No.) |
115 South Grant Street, Fitzgerald, Georgia 31750
(Address of principal executive offices) (Zip Code)
(229) 426-6000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading Symbol(s) |
Name of each exchange on which registered |
| Common stock, par value $1.00 per share |
CBAN |
The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 17, 2025, Edward P. Loomis, Jr., 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 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”). Mr. Loomis 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 Chair of the Risk Management Committee. Mr. Loomis will continue to serve in such roles at the Company until his term as a director of the Company expires at the 2025 Annual Meeting. Upon the completion of his term as a director of the Company, Mr. Loomis intends to retire from his positions with the Company. Mr. Loomis’ 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
SIGNATURE
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.
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COLONY BANKCORP, INC. |
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| Date: March 19, 2025 |
By: |
/s/ T. Heath Fountain |
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T. Heath Fountain |
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Chief Executive Officer |
EX-99.1
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cbanprretirementofdirector.htm
EX-99.1
Document
For additional information, contact:
T. Heath Fountain
Chief Executive Officer
(229) 426-6000 (Ext 6012)
COLONY BANKCORP, INC. ANNOUNCES
RETIREMENT OF DIRECTOR EDWARD P. LOOMIS, JR.
FITZGERALD, GA. (March 19, 2025) – Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today announced that Edward P. Loomis, Jr. will retire from the Board of Directors of both the Company and its wholly-owned banking subsidiary, Colony Bank, effective May 22, 2025.
Loomis, an experienced executive officer, served as President and Chief Executive Officer of the Company and Colony Bank from May 2012 until his retirement in July 2018. During his tenure, he steered Colony out of the recession, adding new efficiencies and expanding into new markets. Loomis has been a Director of the Company since May 2012.
Commenting on the announcement, Mark H. Massee, Chairman of the Board of Directors, said, “Ed joined Colony at a pivotal time and was a stabilizing force when we needed it most. His leadership was instrumental in guiding the Bank forward, and we are grateful for his dedication. We also appreciate his commitment to ensuring a smooth transition by recruiting his successor and remaining on the Board throughout the process.”
Loomis began his banking career in 1975 at Trust Company Bank in Atlanta, Georgia, where he served as Vice President and Commercial Lender. He later held executive leadership roles at several Georgia-based financial institutions, including First Macon Bank & Trust, Atlantic Southern Bank, and Rivoli Bank and Trust, where he served as interim President and CEO in 2005.
“Ed built a strong foundation that positioned Colony for long term success. His leadership and vision helped shape the Bank’s future, and we continue to build upon the team and strategy he put in place. We are grateful for his years of service and dedication,” said T. Heath Fountain, Chief Executive Officer.
About Colony Bankcorp
Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama; Tallahassee, Florida; and the Florida Panhandle. Colony Bank offers a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony provides specialized solutions including mortgage lending, government guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media.
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