Colony Bank to acquire PFB Mortgage

|About: Colony Bankcorp, Inc. (CBAN)|By:, SA News Editor

Colony Bankcorp’s banking subsidiary Colony Bank (CBAN -0.8%), announced that it has signed an agreement to acquire PFB Mortgage, the secondary market mortgage business of Planters First Bank.

The transaction is expected to close on or about May 1, 2019.

The terms of the transaction were not disclosed.

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