0001140361-15-046008.txt : 20151231 0001140361-15-046008.hdr.sgml : 20151231 20151231065124 ACCESSION NUMBER: 0001140361-15-046008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151231 DATE AS OF CHANGE: 20151231 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: 151314959 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 12-31-2015

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): December 31, 2015

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 31750

(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 8.01 Other Events

On December 31, 2015 the Registrant issued a press release, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Press release dated December 31, 2015

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:	December 31, 2015	/s/ Terry L. Hester
		Terry L. Hester
		Executive Vice-President and
		Chief Financial Officer

Exhibit Index

99.1 Press release dated December 31, 2015

EX-99.1 2 ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Colony Bankcorp, Inc. Announces Partial Redemption of Preferred Stock

FITZGERALD, Ga., December 31, 2015 (Globe Newswire) -- Colony Bankcorp, Inc. (Nasdaq:CBAN) today announced redemption of 5,146 shares of its Cumulative Perpetual Preferred Stock ($1,000 Par Value). Total principal payment will be $5,146,000 and leave the company with 18,021 preferred shares outstanding. This action was in concurrence with both Georgia Department of Banking and Finance and Federal Reserve Bank of Atlanta. “We are pleased that Colony’s well-capitalized capital position allows us to make this partial redemption of preferred stock that was issued as part of the U. S. Government TARP program in 2009. This will enhance shareholder value as the redemption will be immediately accretive to EPS,” said Ed Loomis, President and Chief Executive Officer. “Subject to regulatory approval in 2016, we intend to exercise our option to redeem additional shares of the preferred stock that has a current dividend rate of 9 percent.”

CONTACT:	Terry L. Hester
	Chief Financial Office
	(229) 426-6000 (ext. 6002)