M&A Deal Summary

Colony Bank Acquires SouthCrest Bank

On April 22, 2021, Colony Bank acquired financial services company SouthCrest Bank for 84M USD

Acquisition Highlights
  • This is Colony Bank’s 1st transaction in the Financial Services sector.
  • This is Colony Bank’s largest (disclosed) transaction.
  • This is Colony Bank’s 1st transaction in the United States.
  • This is Colony Bank’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-04-22
Target SouthCrest Bank
Sector Financial Services
Buyer(s) Colony Bank
Deal Type Merger
Deal Value 84M USD
Advisor(s) Janney Montgomery Scott LLC (Financial)
Alston & Bird (Legal)

Target

SouthCrest Bank

Atlanta, Georgia, United States
SouthCrest Bank is a provider of financial services including consumer and commercial loans, checking, savings, credit cards, debit cards, mortgages, online banking, bill pay, and investments. SouthCrest Bank was founded in 1910 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Colony Bank

Fitzgerald, Georgia, United States
Category Company
Founded 1975
Sector Financial Services
Employees451
Revenue 114M USD (2023)
DESCRIPTION

Colony Bankcorp is the bank holding company for Colony Bank. Colony operates 29 locations throughout Georgia. The Homebuilder Finance Division helps the local construction industry with building and construction loans, and the Small Business Specialty Lending Division assists small businesses with government-guaranteed loans. Colony Bank was incorporated in 1975 and is based in Fitzgerald, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal