Colony Bank Promotes Derek Shelnutt to Chief Accounting Officer

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We’re proud to announce that Derek Shelnutt has been promoted to the newly created position of Senior Vice President, Chief Accounting Officer.

In this new role, Derek will oversee the accounting function and all financial and regulatory reporting, while providing additional support with strategic decisions for the Company. Derek joined Colony in 2020 as Assistant Vice President, Treasury Manager, and has since served as Vice President, Controller, and most recently as Senior Vice President, Treasurer.

Derek earned both his Master of Professional Accounting and Bachelor of Business Administration in Accounting from the University of West Georgia and is a current student in the Georgia Bankers Association's Banking School at the University of Georgia. He is a Certified Public Accountant in both Georgia and South Carolina and is a member of the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants. Derek has one son with his wife Andrea and enjoys spending time visiting national parks, camping, and fishing.

Commenting on the announcement, Andy Borrmann, Chief Financial Officer, said, “During his time at Colony, Derek has continuously proven himself to be a valuable asset to our team as he’s taken on increasing levels of responsibility. His extensive knowledge and background in accounting made him a natural choice to serve as Chief Accounting Officer and we look forward to his continued contributions and leadership.”

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 39 locations throughout Georgia. At Colony Bank, we offer a wide range of banking services including personal banking, business banking, mortgage solutions, government guaranteed lending solutions, and more. We have expanded our services to also include consumer insurance products, such as automotive, homeowners, and other insurance needs for our community. Colony’s common stock is traded on the NASDAQ Global Market under the symbol “CBAN.” For more information, please visit You can also follow the Company on social media.


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