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Colony Bankcorp, Inc. Announces Retirement of Director Edward P. Loomis, Jr.

1. Edward P. Loomis, Jr. will retire from CBAN's Board on May 22, 2025. 2. Loomis led CBAN as CEO during significant recovery period until 2018.

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FAQ

Why Neutral?

Loomis' retirement is planned, giving time for transition. Historical CEO departures often create stability if managed well.

How important is it?

While Loomis had a significant past role, his planned departure minimizes immediate disruption.

Why Long Term?

Board changes can influence strategic direction over time, impacting investor confidence.

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FITZGERALD, Ga.--(BUSINESS WIRE)--Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today announced that Edward P. Loomis, Jr. will retire from the Board of Directors of both the Company and its wholly-owned banking subsidiary, Colony Bank, effective May 22, 2025. Loomis, an experienced executive officer, served as President and Chief Executive Officer of the Company and Colony Bank from May 2012 until his retirement in July 2018. During his tenure, he steered Colony out of the rec.

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