Colony Bankcorp to Acquire TC Bancshares (TC Federal Bank)
July 23, 2025
Colony Bankcorp, Inc. agreed to acquire 100% of the common stock of TC Bancshares, Inc. in a combined stock-and-cash transaction valued at approximately $86.1 million. The merger is intended to create a stronger community banking franchise focused on enhanced customer service and expanded capabilities and is expected to close on or about December 1, 2025 after approvals.
- Buyers
- Colony Bankcorp, Inc.
- Targets
- TC Bancshares, Inc.
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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