Colony Bankcorp Announces Organizational Changes

FITZGERALD, Ga.–(BUSINESS WIRE)–Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company of Colony Bank (the “Bank”), today announced senior organizational changes direction aimed at positioning the Company for long-term success in its mission to build a sustainable and high-performing independent bank.

Mr. Eddie Hoyle, Executive Vice President and Chief Banking Officer, has advised the company that he intends to retire on December 31, 2022, after 11 years with Colony and 44 years in the banking industry. In this context, the Company will separate the roles of T. Heath Fountain as President and CEO, and combine Hoyle’s responsibilities under the position of President. R. Dallis “D” Copeland, Jr., currently Special Advisor to the Company, has been appointed President of the Company and the Bank. Fountain will remain Chief Executive Officer, focusing primarily on executing the Bank’s strategic plan and acting as the primary liaison between management and the Board of Directors.

Commenting on the announcement, T. Heath Fountain, CEO, said, “We are grateful for Eddie’s leadership and commitment to Colony. Eddie was instrumental during much of our growth phase, overseeing customer relationship development and building market leadership. His significant contributions and distinguished career in banking will leave a lasting impact on our team. »

With 30 years of banking and management experience, Copeland will be responsible for all areas that deliver products and services to customers and will also be responsible for achieving production and customer experience goals. Prior to joining Colony, Copeland was Executive Vice President and Director of Community Banking at Synovus Financial Corporation, where he oversaw all banking services including corporate, commercial real estate, retail, cash management , credit cards, marketing and special assets.

Additionally, it was announced that Kimberly C. Dockery, currently Executive Vice President and Chief Administrative Officer, will transition to the newly created position of Chief of Staff. Dockery will use his extensive banking and operational knowledge to prioritize strategic initiatives and ensure clear communication across the business. She will also represent the CEO and the management team at senior management meetings and act as a proxy for the CEO, making timely decisions in conjunction with other executives. Dockery will also continue to oversee human resources, technology and innovation.

“As Colony continues to grow, our organizational structure must also evolve. These leadership changes position our team with the right structure to drive our business forward, successfully execute our initiatives and deliver greater value to our shareholders, customers and team,” Fountain said. “Both Kimberly and D have been key players in much of our growth and expansion. Their leadership, insight and passion for serving our customers will continue to be a great asset. I look forward to continuing to working with them and our talented team as we pursue our vision for Colony.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company of Colony Bank. Founded in 1975 and based in Fitzgerald, Georgia, Colony operates 39 locations throughout Georgia. At Colony Bank, we offer a wide range of banking services including Personal Banking, Business Banking, Mortgage Solutions, Government Guaranteed Loan Solutions, and more. We have expanded our services to also include consumer insurance products, such as auto, homeowners and other insurance needs for our community. Colony’s common stock trades on the NASDAQ Global Market under the symbol “CBAN”. For more information, visit colony.bank. You can also follow the Company on social networks.

Aubrey L. Morgan