# Colony and First Reliance Shareholders Approve $163 Million Merger

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33059
Published: 2026-10-16T05:37:06.000Z
Updated: 2026-10-16T05:37:06.000Z
Section: Business

> Colony agreed to acquire all of First Reliance’s stock in a cash-and-stock transaction.

Shareholders of Colony Bankcorp, Inc. and First Reliance Bancshares, Inc. approved their previously announced merger Thursday, Oct. 15, after the companies received required regulatory approvals.

Colony agreed to acquire all of First Reliance’s stock in a cash-and-stock transaction valued at $163 million.