Colony and First Reliance Shareholders Approve $163 Million Merger

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. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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