Colony Bankcorp Announces That KBRA Affirms the Company’s Ratings
15 Mai 2023 - 2:30PM
Business Wire
Company Will Participate in the D.A.
Davidson 25th Annual Financial Institutions
Conference
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”)
announced today the Company's ratings were affirmed by the Kroll
Bond Rating Agency (KBRA) in its press release dated May 12, 2023.
KBRA affirmed the senior unsecured debt rating of BBB, the
subordinated debt rating of BBB-, and the short-term debt rating of
K3 for the Company. KBRA indicated a Stable outlook for all
long-term ratings and among its key credit considerations, cited
favorable views of the Company’s durable deposit franchise,
diversified revenue stream, and stability of the loan portfolio
credit profile.
The Company also announced that Heath Fountain will participate
in the D.A. Davidson 25th Annual Financial Institutions Conference
on May 15-17, 2023 in Colorado Springs, CO.
A copy of the investor presentation that will be used in
discussions with institutional investors is available in the
Investor Relations section of the Company’s website,
www.colony.bank.
About Colony Bankcorp
Colony Bankcorp, Inc. is the bank holding company for Colony
Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia,
Colony operates 36 locations throughout Georgia and Alabama. At
Colony Bank, we offer a range of banking solutions for personal and
business customers. In addition to traditional banking services,
Colony provides specialized solutions including mortgage,
government guaranteed lending, consumer insurance, wealth
management and merchant services. Colony’s common stock is traded
on the NASDAQ Global Market under the symbol “CBAN.” For more
information, please visit www.colony.bank. You can also follow the
Company on social media.
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version on businesswire.com: https://www.businesswire.com/news/home/20230515005190/en/
T. Heath Fountain Chief Executive Officer and Acting Chief
Financial Officer 229-426-6000, extension 6012
Colony Bankcorp (NASDAQ:CBAN)
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