Colony Bankcorp Files 8-K: Other Events Reported
Ticker: CBAN · Form: 8-K · Filed: Dec 20, 2024 · CIK: 711669
Sentiment: neutral
Topics: 8-k, other-events
Related Tickers: CBAN
TL;DR
CBAN filed an 8-K for 'Other Events' on 12/20/24. Details TBD.
AI Summary
Colony Bankcorp, Inc. filed an 8-K on December 20, 2024, to report "Other Events." The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the filing date itself.
Why It Matters
This filing indicates that Colony Bankcorp has reported significant events that may impact its operations or financial standing, requiring disclosure to investors.
Risk Assessment
Risk Level: medium — The filing is for 'Other Events' without specific details, creating uncertainty about potential impacts on the company.
Key Players & Entities
- COLONY BANKCORP, INC. (company) — Registrant
- 0000711669-24-000134 (filing_id) — Accession Number
- December 20, 2024 (date) — Filing Date
FAQ
What specific "Other Events" are being reported by Colony Bankcorp, Inc. in this 8-K filing?
The provided text of the 8-K filing does not specify the nature of the 'Other Events' beyond the general categorization.
What is the filing date of this 8-K report for Colony Bankcorp, Inc.?
The filing date for this 8-K report is December 20, 2024.
What is the Central Index Key (CIK) for Colony Bankcorp, Inc.?
The Central Index Key (CIK) for Colony Bankcorp, Inc. is 0000711669.
What is the principal executive office address for Colony Bankcorp, Inc.?
The principal executive offices of Colony Bankcorp, Inc. are located at 115 South Grant Street, Fitzgerald, Georgia 31750.
Under which section of the Securities Exchange Act of 1934 is this 8-K report filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
Filing Stats: 562 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-12-20 08:32:58
Key Financial Figures
- $1.00 — ich registered Common stock, par value $1.00 per share CBAN The New York Stock Excha
- $12 million — which the Company may repurchase up to $12 million of its outstanding common stock. Repurc
- $2,249,000 — total of 171,481 shares for a total of $2,249,000 since the start of the program in 2022,
- $9,751,000 — e start of the program in 2022, leaving $9,751,000 available to repurchase as of the date
Filing Documents
- cban-20241220.htm (8-K) — 21KB
- 0000711669-24-000134.txt ( ) — 141KB
- cban-20241220.xsd (EX-101.SCH) — 2KB
- cban-20241220_lab.xml (EX-101.LAB) — 21KB
- cban-20241220_pre.xml (EX-101.PRE) — 12KB
- cban-20241220_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On December 18, 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. An extension was previously authorized by the Board in March 2024 which extended the program through the end of 2024. This authorization extends the program until the end of 2025 but may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice. The Company has repurchased a total of 171,481 shares for a total of $2,249,000 since the start of the program in 2022, leaving $9,751,000 available to repurchase as of the date of this filing. 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: December 20, 2024 By: /s/ T. Heath Fountain T. Heath Fountain Chief Executive Officer