Colony Bankcorp Files 8-K
Ticker: CBAN · Form: 8-K · Filed: Mar 25, 2024 · CIK: 711669
Sentiment: neutral
Topics: corporate-disclosure, 8-K
Related Tickers: CBAN
TL;DR
CBAN filed an 8-K on 3/25. Details TBD.
AI Summary
Colony Bankcorp, Inc. filed an 8-K on March 25, 2024, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or new appointments, but serves as a notification of corporate actions.
Why It Matters
This filing indicates that Colony Bankcorp, Inc. has made a corporate disclosure, which may contain important updates for investors regarding the company's operations or strategic decisions.
Risk Assessment
Risk Level: low — The filing is a standard corporate disclosure (8-K) without immediate financial implications or significant news.
Key Players & Entities
- COLONY BANKCORP, INC. (company) — Registrant
- March 25, 2024 (date) — Date of earliest event reported
- Georgia (location) — State of incorporation
- 115 South Grant Street, Fitzgerald, Georgia 31750 (address) — Principal executive offices
FAQ
What is the specific nature of the 'Other Events' reported by Colony Bankcorp, Inc. on March 25, 2024?
The provided text of the 8-K filing does not specify the nature of the 'Other Events'; it only indicates that this section is being reported.
What is the Central Index Key (CIK) for Colony Bankcorp, Inc.?
The CIK for Colony Bankcorp, Inc. is 0000711669.
What is the Standard Industrial Classification (SIC) code for Colony Bankcorp, Inc.?
The SIC code for Colony Bankcorp, Inc. is 6022, which corresponds to 'STATE COMMERCIAL BANKS'.
When is Colony Bankcorp, Inc.'s fiscal year end?
Colony Bankcorp, Inc.'s fiscal year ends on December 31.
What is the filing date of this 8-K report?
The filing date of this 8-K report is March 25, 2024.
Filing Stats: 509 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-03-25 16:30:14
Key Financial Figures
- $1.00 — ich registered Common stock, par value $1.00 per share CBAN The NASDAQ Stock Market
- $12 million — which the Company may repurchase up to $12 million of its outstanding common stock. Repurc
Filing Documents
- cban-20240325.htm (8-K) — 21KB
- 0000711669-24-000049.txt ( ) — 140KB
- cban-20240325.xsd (EX-101.SCH) — 2KB
- cban-20240325_lab.xml (EX-101.LAB) — 21KB
- cban-20240325_pre.xml (EX-101.PRE) — 12KB
- cban-20240325_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On March 22, 2024, the Board of Directors of the Company authorized the extension of the stock buyback program approved in October 2022, under which the Company may repurchase up to $12 million of its outstanding common stock. Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The authorization extends the program until the end of 2024 but may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice . SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COLONY BANKCORP, INC. Date: March 25, 2024 By: /s/ T. Heath Fountain T. Heath Fountain Chief Executive Officer