Harold W. Wyatt, Iii, Member of the Board of Directors of Colony Bankcorp, Inc. and Colony Bank Provides Notice of His Decision Not to Stand for Reelection
December 14, 2023 at 09:00 am EST
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On December 12, 2023, Harold W. Wyatt, III, member of the Board of Directors of Colony Bankcorp, Inc. and Colony Bank provided notice of his decision not to stand for reelection at the Company?s 2024 Annual Meeting of Shareholders. Mr. Wyatt currently serves as a director of the Company and the Bank and a member of the Company?s Audit Committee, Governance Committee, Nominating Committee and Risk Management Committee. Mr. Wyatt will continue to serve in such roles at the Company until his term as a director of the Company expires at the 2024 Annual Meeting.
Upon the completion of his term as a director of the Company, Mr. Wyatt intends to retire from his positions with the Company. Mr. Wyatt?s decision not to stand for reelection did not arise or result from any disagreement with the Company on any matters relating to the Company?s operations, policies or practices, but rather his desire to focus his efforts on his commercial real estate and asset management businesses and restructuring his portfolio to build capital to accommodate future investment opportunities.
Colony Bankcorp, Inc. is a financial service and a bank holding company. The Companyâs business is conducted through its bank subsidiary, Colony Bank (the Bank), a Georgia state-chartered commercial bank. The Bank provides a range of banking services to its retail and commercial customers. The Company operates through three segments: Banking Division, Retail Mortgage Division and Small Business Specialty Lending Division. The Banking Division delivers full service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division offers services for one-to-four family residential mortgage loans. The Small Business Specialty Lending Division offers small business administration and United States Department of Agriculture (USDA) government guaranteed loans. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans and others.
Harold W. Wyatt, Iii, Member of the Board of Directors of Colony Bankcorp, Inc. and Colony Bank Provides Notice of His Decision Not to Stand for Reelection