Bailout Bank Bio: Colony Bankcorp

May 14, 2009 | 2 min read | Print Article

Colony Bankcorp, Inc. (Colony) is a holding company. Colony provides, through its wholly owned subsidiaries, a range of products and services throughout 18 Georgia markets. The Company offers commercial, consumer and mortgage banking services. On March 12, 2007, Colony formed Colony Bankcorp Capital Trust II for the purpose of establishing a special purpose entity to issue trust preferred securities. On September 14, 2007, Colony formed Colony Bankcorp Capital Trust III for the purpose of establishing a special purpose entity to issue trust preferred securities. Colony conducts its operations through its banking subsidiaries, including Colony Bank of Fitzgerald, Colony Bank Wilcox, Colony Bank Ashburn, Turner County, Colony Bank of Dodge County, Dodge County, Colony Bank Worth and Broxton State Bank, among others. The company was founded in 1975.

In December the company announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Colony received $28 million in exchange for preferred stock.

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Bailout Bank Bio: Colony Bankcorp


Federal Equity Investment	$28 million
Total Revenue	$97.976 million
Net Income	$8.547 million
Number of Employees	349
Corporate Headquarters	Fitzgerald, Georgia
Business Sector	Bank
Officers and Directors	Ross, Al, President, Chief Executive Officer and Director Downing, L. Morris, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.colonybank.com/
Executive Compensation	Colony Bankcorp