|Bid||16.67 x 800|
|Ask||17.38 x 1800|
|Day's Range||17.39 - 17.39|
|52 Week Range||12.29 - 19.20|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||12.42|
|Earnings Date||Jan 17, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||0.30 (1.75%)|
|1y Target Est||10.00|
Colony Bank, the banking subsidiary of Colony Bankcorp, Inc. (CBAN), today announced that it has signed an agreement to acquire PFB Mortgage, the secondary market mortgage business of Planters First Bank. The Company expects all staff, including seven originators in Albany, Athens, Macon, and Warner Robins, to remain with Colony, along with eight support personnel. Jesse Kight, currently President of PFB Mortgage, will become Senior Vice President of Colony and President of its mortgage division, and Teresa Gainey will become Group Vice President and Director of Mortgage Operations for Colony. The transaction, which does not require regulatory approval, is expected to close on or about May 1, 2019. It includes all pipeline loans, and customers will not be affected as loans will close and be processed as normal. Planters First Bank will retain closed loans not yet sold (loans held for sale). The terms of the transaction were not disclosed.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! The big shareholder groups in Colony Bankcorp, Inc. (NASDAQ:CBAN) have power over the company. Institutions will often h...
Colony Bankcorp, Inc. (CBAN) ("Colony" or "the Company") today announced that the shareholders of LBC Bancshares, Inc. ("LBC"), parent company of Calumet Bank, a Georgia state-chartered bank, have voted to approve Colony's proposed acquisition of 100% of the common stock of LBC in a combined stock-and-cash transaction valued at approximately $34.1 million (the "Merger"), pursuant to an Agreement and Plan of Merger entered into on December 18, 2018 (the "Merger Agreement"). The transaction remains subject to receipt of all required regulatory approvals, which is anticipated by mid-April, and is expected to be completed on May 1, 2019, subject to the satisfaction of other customary closing conditions contained in the Merger Agreement. Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 27 full-service branches throughout Central, Southern and Coastal Georgia, as well as a full-service website at www.colonybank.com. Colony's common stock is traded on the NASDAQ Global Market under the symbol CBAN. Follow the Company on Facebook or on Twitter @colony_bank.
Colony Bankcorp Inc (NASDAQ:CBAN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
Colony Bankcorp, Inc. (CBAN) today announced the appointment of Meagan M. Mowry and Matthew D. Reed to the Boards of Directors for both the Company and Colony Bank, effective immediately. The addition of Mowry and Reed expands both Boards from seven to nine directors. Mowry is the co-founder and co-owner of Simcoe Investments and its development and construction subsidiaries, Homes of Integrity Construction and Integrity Real Estate. Entering the real estate industry in 2004, Mowry's companies have developed more than 1,000 residential home sites in 10 Savannah-area communities since 2010. She has been a licensed real estate agent since 2014 through the Savannah Board of Realtors. Her real estate sales focus is primarily in new construction sales and she recently surpassed $50 million in annual sales. Mowry currently serves as a board member for the Sales and Marketing Council of the Savannah Home Builders Association and is a Past President of the Bryan County Chapter of the Savannah Home Builders Association.
The banking sector has been experiencing growth as a result of improving credit quality from post-GFC recovery. Colony Bankcorp, Inc. (NASDAQ:CBAN) is a small-cap bank with a market capitalisation ofRead More...
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FITZGERALD, Ga., Jan. 17, 2019 -- Colony Bankcorp, Inc. (Nasdaq: CBAN) today reported net income available to shareholders of $2.97 million or $0.35 per diluted share for the.
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"We believe significant opportunities exist for continued growth in LaGrange, Columbus and Atlanta," Colony's CEO says.
Colony Bankcorp, Inc. (CBAN) ("Colony" or "the Company"), the holding company for Colony Bank, a Georgia state-chartered bank, today announced the signing of an Agreement and Plan of Merger with LBC Bancshares, Inc. ("LBC"), parent company of Calumet Bank, a Georgia state-chartered bank, under which Colony has agreed to acquire 100% of the common stock of LBC in a combined stock-and-cash transaction valued at approximately $34.1 million. LBC, headquartered in LaGrange, Georgia, is the parent company for Calumet Bank, which has two branches – one each in LaGrange and Columbus – as well as a loan production office in Atlanta. As of September 30, 2018, LBC had approximately $228 million in assets, $130 million in loans, $204 million in deposits and $19 million in tangible common equity. Upon completion of the transaction, Colony is expected to have approximately $1.4 billion in assets, $930 million in loans, and $1.2 billion in deposits. The transaction is expected to be immediately accretive to Colony's fully diluted earnings per share, excluding transaction costs.
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The Fitzgerald, Georgia-based bank said it had earnings of 32 cents per share. Earnings, adjusted for non-recurring costs, were 34 cents per share. The bank holding company posted revenue of $14.7 million ...
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