0001140361-12-021133.txt : 20120423 0001140361-12-021133.hdr.sgml : 20120423 20120423160353 ACCESSION NUMBER: 0001140361-12-021133 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120417 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120423 DATE AS OF CHANGE: 20120423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONY BANKCORP INC CENTRAL INDEX KEY: 0000711669 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 581492391 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12436 FILM NUMBER: 12773392 BUSINESS ADDRESS: STREET 1: 115 SOUTH GRANT STREET STREET 2: . CITY: FITZGERALD STATE: GA ZIP: 31750 BUSINESS PHONE: 229-426-6000 MAIL ADDRESS: STREET 1: 115 SOUTH GRANT STREET STREET 2: . CITY: FITZGERALD STATE: GA ZIP: 31750 8-K 1 form8k.htm COLONY BANKCORP INC 8-K 4-17-2012 form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 17, 2012
 
COLONY BANKCORP, INC.
(Exact name of Registrant as Specified in Charter)
 
Georgia
000-12436
58-1492391
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
115 South Grant Street, Fitzgerald, Georgia 317501
(Address of Principal Executive Offices)
 
(229) 426-6000
Registrant’s telephone number, including area code
 
NOT APPLICABLE
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Item 5.02(c)      Appointment of New President and Chief Executive Officer.
 
On April 17, 2012, the board of directors of Colony Bankcorp, Inc. (Company) appointed Edward P. Loomis, Jr. to serve as president and chief executive officer of the Company and the Company’s wholly owned subsidiary, Colony Bank (Bank), effective May 14, 2012. Mr. Loomis, age 58, will serve as president and CEO in accordance with a written employment agreement, the terms of which have not been finalized as of the date of this filing. The Company will timely amend this filing once the terms of the employment agreement have become final.

Mr. Loomis is an experienced executive officer and has over 30 years of experience in the banking industry. From 2005 to 2006, Mr. Loomis served as the interim president and chief executive officer of Rivoli Bank & Trust located in Macon, Georgia. Following his tenure at Rivoli Bank & Trust, Mr. Loomis served from 2008 to 2009 as the chief operating officer of Atlantic Southern Bank, formerly located in Macon, Georgia. From 2009 to 2011, Mr. Loomis served as Atlantic Southern Bank’s president and chief executive officer.

There are no family relationships between Mr. Loomis and any of the Company’s directors or executive officers, and the Company has not entered into any transactions with Mr. Loomis that are reportable under Item 404(a) of Regulation S-K.

Item 5.02(b)      Retirement of Interim President and Chief Executive Officer.

On April 17, 2012, James D. Minix, who has served as the interim president and chief executive officer of the Company and the Bank since October 18, 2011, informed the Company that he would retire from those positions effective May 14, 2012, having fulfilled his commitment.

Item 5.02(b)      Retirement of Directors.

On April 17, 2012, the following three directors of the Company announced that they will retire from service on the board of directors of the Company effective May 22, 2012, in accordance with the Company’s mandatory retirement policy for directors at age 70: James D. Minix, W. B. Roberts, Jr., and Charles E. Myler.
 
 
 
 
 
Item 9.01
Financial Statements and Exhibits.
    
(d)           Exhibits
 
The following exhibit is being filed as part of this Report on Form 8-K:
 
Exhibit No.   Description
     
99.1   Press Release Dated April 23, 2012
 
SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, as amended, the Company duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     
COLONY BANKCORP, INC.
       
Date: April 23, 2012
  
By:
 /s/ Terry L. Hester  
     
Terry L. Hester
     
Executive Vice-President and
     
Chief Financial Officer
 
 
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm
Exhibit 99.1
NEWS RELEASE
IMMEDIATE RELEASE
Date:       April 23, 2012
Contact: Terry L. Hester
                Chief Financial Officer
                (229) 426-6002

Colony Bankcorp, Inc. Announces Appointment of Edward P. Loomis, Jr. as President and Chief Executive Officer

FITZGERALD, GA., April 23, 2012 --- Chairman Gene Waldron and the Board of Directors of Colony Bankcorp, Inc. (Nasdaq:CBAN) are pleased to announce that Edward P. Loomis, Jr. will join the company as President and Chief Executive Officer of the Company and its wholly-owned banking subsidiary, Colony Bank.   Mr. Loomis will succeed Interim President and Chief Executive Officer James D. Minix effective May 14, 2012.  Mr. Loomis is a seasoned executive with over thirty years of experience in the banking industry.  Mr. Loomis most recently served as President and CEO of Atlantic Southern Bank in Macon, Georgia from 2009 through 2011.  Previously he was President and CEO of Rivoli Bank and Trust and First Macon Bank and Trust in Macon.  At First Macon Bank and Trust Mr. Loomis was a founder of the Bank and grew the company over ten years to five locations with over $200M in assets.

Chairman Gene Waldron said that the Board unanimously selected Mr. Loomis because of his leadership experience and demonstrated record in business development, strategic planning, team building and community involvement.  Chairman Waldron states, “We are very excited to have Ed join the Colony team.  Ed’s extensive experience made him the ideal candidate to lead Colony Bankcorp and build on the strong foundation that is in place at Colony. He has a proven track record of effective management and service to his community and brings an exciting vision of success for the company, our customers and shareholders.”
 
Mr. Loomis is a graduate of the University of Mississippi and attended the School of Banking of the South at Louisiana State University.  He began his career in Commercial Lending at Trust Company Bank in Atlanta and was a Group Vice President and Division Manager at National Bank of Georgia in Atlanta. Mr. Loomis is very active in the community having served on Boards and as a member of numerous civic and charitable organizations including: Macon Chamber of Commerce, Coliseum Hospital, Mid-Summer Macon, Mulberry Street Methodist Church, Girl Scouts of Middle Georgia, United Way, American Cancer Society and Junior Achievement.
 
Colony Bank is a 1.15 billion dollar bank and wholly owned subsidiary of Colony Bankcorp, Inc.  The company operates 29 full service banking offices throughout middle and south Georgia.  Colony Bankcorp, Inc. common stock is quoted on the Nasdaq Global market under the symbol “CBAN”.