8-K

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 3, 2003

COLONY BANKCORP, INC.

(Exact name of registrant as specified in its charter)

Georgia	000-12436	58-1492391
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer I.D. No.)

115 South Grant Street, Fitzgerald, Georgia 31750

(Address of principal executive offices)

(229) 426-6000

Registrant’s Telephone Number, including area code

N/A

(Former name or former address, if changed since last report)

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c ) Exhibits.

99.1 Press Release dated December 3, 2003

Item 9. Regulation FD Disclosure

On December 3, 2003, Colony Bankcorp, Inc. issued a press release announcing the signing of a letter of intent between Colony Bankcorp and Flag Financial Corporation’s subsidiary, Flag Bank, for the purchase of Flag Bank’s Thomaston branch. The press release is attached as Exhibit 99.1 to this Form 8-K. This information is provided under Item 12 of Form 8-K. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		COLONY BANKCORP, INC.
Date:	December 3, 2003	By:	/s/    Terry L. Hester
			Terry L. Hester
			Executive Vice President and
			Chief Financial Officer

EX-99.1

FOR IMMEDIATE RELEASE Exhibit 99.1

Contact:    Terry L. Hester

Chief Financial Officer

Colony Bankcorp, Inc.

Fitzgerald, Georgia 31750

(229) 426-6002

Colony Bankcorp, Inc. Announces Plans to Purchase Flag Bank’s Thomaston, Georgia Branch

FITZGERALD, GA., December 3, 2003 —- Colony Bankcorp, Inc. (Nasdaq National Market: CBAN) announced today the signing of a letter of intent between Colony Bankcorp and Flag Financial Corporation’s (Nasdaq National Market: FLAG) subsidiary, Flag Bank, for the purchase of Flag Bank’s Thomaston branch. Under the terms of the agreement, Colony Bankcorp will acquire all of the assets, including fixed assets, and assume the deposits of the branch facility. The Thomaston branch has approximately $37 million in deposits and $20 million in loans outstanding.

James D. Minix, president and chief executive officer of Colony Bankcorp said, “The Colony team is excited about expanding its market to Thomaston and the surrounding area and further extending its footprint from the Florida line to middle Georgia. We’re confident this will be a smooth transition for both employees and customers.”

It is expected that both parties shortly will enter into a definitive agreement and that the deal will close during the first quarter of 2004.

Colony Bankcorp, Inc. is a multi-bank holding company headquartered in Fitzgerald, Georgia that consists of the following subsidiaries: Colony Bank of Fitzgerald, Colony Bank Wilcox, Colony Bank Ashburn, Colony Bank of Dodge County, Colony Bank Worth, Colony Bank Southeast, Colony Bank Quitman, FSB, Georgia First Mortgage Company and Colony Management Services, Inc. The Company conducts a general full service commercial, consumer and mortgage banking business through twenty-two offices located in Central and South Georgia cities of Fitzgerald, Warner Robins, Ashburn, Leesburg, Cordele, Albany, Sylvester, Tifton, Moultrie, Douglas, Broxton, Eastman, Chester, Soperton, Rochelle, Pitts, Quitman and Valdosta, Georgia. Total consolidated assets of the company approximate $854 million.

Colony Bankcorp, Inc. Common Stock is quoted on the Nasdaq National Market under the symbol “CBAN”.