On Friday, September 11, we signed an agreement to sell our Thomaston, Georgia, branch to SouthCrest Financial Group, Inc. (SouthCrest), the bank holding company for SouthCrest Bank, N.A. The branch is located at 206 North Church Street.
The transaction, which is expected to close in the fourth quarter of 2020, subject to regulatory approval and other customary conditions, also includes an option for SouthCrest to purchase the branch building.
The Thomaston location will close operations as a Colony Bank branch upon completion of the transaction. Customers affected by the closing will receive additional information. For questions, please call 706-647-6601.