Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On October 14, 2026, at a special meeting of shareholders of Colony Bankcorp, Inc. (the “Company”), the Company considered (1) a proposal to approve the issuance of the Company’s common stock pursuant to the Agreement and Plan of Merger dated June 24, 2026, by and between the Company and First Reliance Bancshares, Inc., as such agreeme…
Filed Oct 15, 2026Accepted Oct 15, 2026, 4:15 PM EDTCIK 711669Accession 0001104659-26-116248
Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia and across North Florida, including Tallahassee, Jacksonville, and the Florida Panhandle. Colony Bank provides a consultative approach in offering a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony Bank provides specialized solutions including mortgage lending, government-guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony Bankcorp’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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Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07 Submission of Matters to a Vote of Security Holders.
On October 14, 2026, at a special meeting of shareholders of Colony Bankcorp, Inc. (the “Company”), the Company considered (1) a proposal to approve the issuance of the Company’s common stock pursuant to the Agreement and Plan of Merger dated June 24, 2026, by and between the Company and First Reliance Bancshares, Inc., as such agreement may be amended from time to time (the “Colony Stock Issuance Proposal”), and (2) a proposal to adjourn the Company special meeting, if necessary or appropriate, to solicit additional proxies in favor of the Colony Stock Issuance Proposal (the “Colony Adjournment Proposal”).
A total of 13,419,694 shares, or 63.23% of Colony's common stock, constituting a quorum, were represented in person or by proxy at the special meeting. Both proposals were approved by the required vote of the Company’s shareholders at the special meeting.
Proposal 1. Colony Stock Issuance Proposal
For Against Abstain Broker Non-Votes
For Against Abstain Broker Non-Votes
──────────────────────────────────────────────────────────────
13,338,856 76,939 3,899 —
13,338,856 76,939 3,899 —
Proposal 2. Colony Adjournment Proposal
For Against Abstain Broker Non-Votes
For Against Abstain Broker Non-Votes
──────────────────────────────────────────────────────────────
13,207,698 202,599 9,397 —
13,207,698 202,599 9,397 —
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
E
E
99.1 Press release of Colony Bankcorp, Inc. and First Reliance Bancshares, Inc. to announce shareholder approvals received for merger dated October 15, 2026.
104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
Filed exhibits (1)
EX-99.1 (by filename) cban-ex99d1.htm
Exhibit 99.1
Exhibit 99.1
COLONY BANKCORP, INC. AND FIRST RELIANCE BANCSHARES, INC.
ANNOUNCE SHAREHOLDER APPROVAL OF MERGER
FITZGERALD, GA. & FLORENCE, S.C. (October 15, 2026) - Colony Bankcorp, Inc. (NYSE:
CBAN) (“Colony” or the “Company”), the holding company for Colony Bank, and First Reliance
Bancshares, Inc. (OTCQX: FSRL) (“First Reliance”), the holding company for First Reliance
Bank, today jointly announced that shareholders of both companies have approved the previously
announced transaction through which First Reliance will become part of Colony (the “Merger”).
The shareholder votes follow the recent receipt of all necessary regulatory approvals, marking the
completion of the required approval process for the transaction. With these approvals secured, the
companies are moving toward their anticipated fourth-quarter 2026 closing, subject to the
satisfaction of customary closing conditions.
“The shareholder approvals bring us one step closer to welcoming First Reliance to Colony and
expanding our presence across the Southeast,” said Heath Fountain, Colony's Chief Executive
Officer. “We're excited about the strength this partnership adds to our…