Add-on Acquisition • Insurance

Colony Bank Acquires The Ellerbee Agency

On April 1, 2025, Colony Bank acquired insurance company The Ellerbee Agency

Acquisition Context
  • This is Colony Bank’s 1st transaction in the Insurance sector.
  • This is Colony Bank’s 2nd transaction in the United States.
  • This is Colony Bank’s 2nd transaction in Georgia.

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M&A Deal Summary

Date April 1, 2025
Target The Ellerbee Agency
Sector Insurance
Buyer(s) Colony Bank
Deal Type Add-on Acquisition

Target Company

The Ellerbee Agency

Monroe, Georgia, United States
The Ellerbee Agency is an Allstate-appointed consumer property and casualty insurance agency. The Ellerbee Agency is based in Monroe, Georgia.
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Buyer Overview 1

Buyer

Colony Bank

Fitzgerald, Georgia, United States

Category Company
Founded 1975
Sector Financial Services
Employees443
Revenue 115M USD (2024)
DESCRIPTION

Colony Bankcorp is the bank holding company for Colony Bank. 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 Context for Buyer #
Overall 2 of 2
Sector: Insurance 1 of 1
Type: Add-on Acquisition 1 of 1
State: Georgia 2 of 2
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 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.

Buy $84M