Colony Bankcorp (CBAN) EGM 2026 summary

Opening remarks and agenda

• Meeting called to order after confirmation of a quorum; shareholders were asked to vote on two proposals.

Specific resolutions to be voted on

• Stock issuance for the merger with First Reliance: the board recommended approval.

• Adjournment proposal: the board recommended approval of an adjournment if needed to solicit additional proxies for the stock issuance proposal.

Discussions on mergers, acquisitions, or other significant changes

• Under the June 24, 2026 merger agreement, First Reliance shareholders would receive $19.75 cash or 0.94 common shares per share; aggregate consideration was valued at ~$162.7 million at announcement.

• Up to 20% of total consideration would be paid in cash.