Colony and First Reliance Bancshares, Inc. have officially signed a definitive merger agreement to jointly establish a transformative Southeast regional banking partnership.

This strategic initiative marks the integration of resources and strengths by the two financial institutions to enhance their competitiveness and service capabilities in the regional market. The cooperation between both parties is expected to reshape the local banking landscape and provide customers with a wider and deeper range of financial products and services. Through the merger, the new entity is anticipated to achieve economies of scale, optimize operational efficiency, and seize growth opportunities in a dynamic and changing market environment. This transaction reflects the shared vision of both parties for long-term development, dedicated to creating sustainable value for shareholders, customers, and the community.