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TC BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TC Bancshares, Inc. - TCBC

1. Investigation into TC Bancshares' sale to Colony Bankcorp is ongoing. 2. Shareholders may choose cash or Colony's stock in the deal.

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FAQ

Why Bullish?

The acquisition may enhance CBAN's market position and investor confidence, similar to past successful acquisitions like Regions Financial's acquisition of Sterling Savings Bank, which improved stock performance.

How important is it?

The ongoing investigation into the acquisition indicates potential volatility in CBAN's stock, with the decision impacting investor sentiment directly.

Why Short Term?

The announcement of the deal has immediate investor reactions, as evidenced by similar past mergers affecting stock prices shortly after news breaks.

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TCBC
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TC Bancshares, Inc. (OTC: TCBC) to Colony Bankcorp, Inc. (NYSE: CBAN). Under the terms of the proposed transaction, shareholders of TC will have the right to elect to receive either $21.25 in cash or 1.25 shares of Colony's common stock in exchange for each share of TC Bancshares common stock,.

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