Colony Leadership Academy: Moultrie 2022

This past weekend, we had the pleasure of taking our second year Colony Leadership Academy youth to our second in-person trip in Moultrie. We started the weekend with our UGA Fanning group teaching lessons in Communication at the Colquitt County Arts Center. Before dinner, our special guest speaker Mayor Bill McIntosh, spoke to the students and welcomed them to Moultrie. After dinner, we headed to the Colquitt County High School’s indoor football complex to play kickball. On Saturday,...



Colony Bank Promotes Derek Shelnutt to Chief Accounting Officer

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...



Colony Bank Promotes Cole Posey to Moultrie Market President

We are proud to announce that Cole Posey has been promoted to Moultrie Market President. Cole joined the Company in September 2020 as Vice President and Commercial Banker. With over 10 years of experience in management, marketing, and business development, Cole served as Director of Economic Development for Southern Regional Technical College prior to joining Colony Bank. He also served in other roles at the college, including Director of Marketing, Public Relations and Communications....



Colony Bank Promotes Richard Welch to Valdosta Market President

We are excited to announce the promotion of Richard Welch to Valdosta Market President. Richard joined the Company in October 2020 as Vice President, Commercial Banker. Prior to Colony Bank, he served as Vice President and Commercial Lender for Synovus Bank. Richard, who has fifteen years of banking experience, has also held positions to include Business Service Officer for BB&T’s mid-south region, which included Valdosta, and Commercial Lender for the Southern Georgia Regional...



6 Tips to Help Protect Your Business from a Cyberattack

As the threat of a cyberattack continues to be a growing concern for many business owners, now more than ever it’s important to have a plan in place to mitigate the risks of an attack and protect your business and customers. Here are 6 tips to help cyber secure your business: Educate your employees Create security practices for your employees, such as requiring strong passwords and 2-factor authentication. To protect your customers, establish rules on how you and your...



Colony Bank Names Chris McLaughlin As Augusta Market President

We are excited to announce that Chris McLaughlin has joined Colony Bank as Augusta Market President. In this newly created position, he will be charged with expanding Colony Bank’s presence in the Augusta market. Chris will be working from our office located at 1201 Town Park Lane in Evans. Chris has over twenty-two years of banking experience, most recently as Senior Vice President, Commercial Banking Relationship Manager with South State Bank. He has also served in other roles and...



7 Tips for Improving Company Culture

As a small business owner, enhancing your culture could be vital to retaining your employees. When a company has a strong culutre, it leads to happier employees who are more likely to enjoy work and be more engaged with your customers and business. So what is company culture? A company’s culture is a combination of multiple factors including work environment, values, behaviors, attitudes, company mission, leadership styles, communication, expectations, goals, and ethics. Here are...



7 Tips for Holiday Budgeting

The holiday season has arrived. For many it’s an exciting time, however, it can also be a bit overwhelming between get-togethers and shopping for the perfect gifts for all of the special people in your life. In the midst of the hustle and bustle, people end up overspending. However, by taking the time to make a plan and set a budget, we can avoid this and get back to what matters most. Here are 7 tips to help you plan and budget for your holiday season. Prioritize your...



How to Create an Effective Business Preparedness Plan

You never know when disaster may strike or what that disaster may be. The best thing you can do is to be prepared by having plans in place for how to respond in case of an emergency or disaster. Since disasters can take many forms, it’s good practice to have a couple of contingency plans ready. Here are 7 considerations when creating your emergency business plan: Assess the risks Each business is vulnerable to a different risk. Depending on your industry and location, the...



6 Practices to Help Manage Your Accounts Receivable

Your business needs a steady cash inflow for daily operations and the potential for future growth. Part of the cash management process includes establishing an efficient method of collecting and monitoring your accounts receivable, which will help to minimize your borrowing costs. Accounts receivable is the amount of money your customers owe you after purchasing your goods and services on credit. Here are 6 practices for effectively managing your accounts receivable: Create a...



Managing Money in College

It’s Important To Learn About Managing Your Money While In College It might not be a class you take, but one of the most important things you can learn in college is how to manage money. That’s because many students don’t earn a lot while in school and they have to live off their student loans and money they might make with a job. It’s not easy to do but it’s a lesson you can fall back on the rest of your life. Think about the costs: Tuition, books, a place to live,...



Payment Acceptance Options for Your Business

Is it easy to do business with you? Customers now have more payment options than ever before. As consumer buying habits change, so do their payment preferences. For small business owners, it’s important to keep up with these changing trends and preferences to ensure you’re making it easy for customers to pay you for your products or services. Here’s a look at how choosing the right payment acceptance options affects your business, the common types of payment options, and how to...