Colony Bankcorp, Inc. filed a Form S-8 registration statement with the Securities and Exchange Commission on November 2, 2026, to register 30,576 shares of common stock issuable upon the vesting and settlement of restricted stock unit awards assumed in connection with its merger with First Reliance Bancshares, Inc.

Key Highlights

  • Shares registered: 30,576 shares of Colony Bankcorp common stock, par value $1.00 per share, are being registered under this filing.
  • Source of awards: The shares relate to Rollover RSUs assumed by Colony Bankcorp from the First Reliance Bancshares, Inc. 2021 Equity Incentive Plan, as amended.
  • Merger basis: The awards were assumed in connection with a merger of First Reliance with and into Colony Bankcorp, pursuant to an Agreement and Plan of Merger dated June 24, 2026.
  • Award terms preserved: According to the filing, the Rollover RSUs "will be subject to substantially the same terms and conditions as the original awards, including any vesting and acceleration of vesting provisions."
  • Plan governance: The Rollover RSUs will continue to be governed by the First Reliance Bancshares, Inc. 2021 Equity Incentive Plan, as amended.
  • Filer status: Colony Bankcorp identified itself as an accelerated filer in this registration statement.
  • Agent for service: Derek Shelnutt, Executive Vice President and Chief Financial Officer, is named as the agent for service on the registration statement.

Colony Bankcorp Assumes First Reliance RSU Awards Following June 2026 Merger Agreement

Colony Bankcorp, Inc. (NYSE:CBAN), headquartered at 115 South Grant Street, Fitzgerald, Georgia, filed this Form S-8 registration statement on November 2, 2026, to register shares of its common stock issuable under equity awards carried over from First Reliance Bancshares, Inc. The registration covers 30,576 shares, plus any additional shares that may become issuable under the adjustment and anti-dilution provisions of the governing plan, according to the filing.

The filing states that the Rollover RSUs were assumed by Colony Bankcorp "in connection with the merger of First Reliance Bancshares, Inc. with and into the Company pursuant to that certain Agreement and Plan of Merger, dated as of June 24, 2026." The Rollover RSUs will continue to be governed by the First Reliance Bancshares, Inc. 2021 Equity Incentive Plan, as amended, and will retain substantially the same terms and conditions as the original awards, including vesting and acceleration of vesting provisions, the registrant disclosed.

The registration statement incorporates by reference Colony Bankcorp's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed March 13, 2026; Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026; and several Current Reports on Form 8-K filed between January 28, 2026 and November 2, 2026. The filing identifies Alston & Bird LLP, Atlanta, Georgia, as counsel, with Mark C. Kanaly and Kerry T. Wenzel listed for communications.

What Was Disclosed

Colony Bankcorp registered 30,576 shares of its $1.00 par value common stock on Form S-8 to cover restricted stock unit awards assumed from First Reliance Bancshares, Inc. following the June 24, 2026 merger agreement. The awards remain subject to their original terms under the First Reliance 2021 Equity Incentive Plan.