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KBRA Comments on Colony Bancorp, Inc.'s Proposed Merger with First Reliance Bancshares, Inc.

On June 24, 2026, Fitzgerald, GA-based Colony Bancorp, Inc. (NYSE:CBAN) ("Colony"), parent company of Colony Bank, and Florence, SC-based First Reliance Bancshares, Inc. (OTCQX:FSRL) ("First Reliance"),