Colony Bankcorp to acquire SouthCrest Financial Group for $84m.

Colony Bankcorp, a bank holding company, agreed to acquire SouthCrest Financial Group, the holding company for SouthCrest Bank, for $84m. "The transaction provides an increased competitive advantage in the banking arena, not only from the standpoint of products and services, but also those related to customer service. I am excited to once again be working with Heath who I have known for many years, as well as his management team. We are pleased that both institutions share commonalities of enhanced service and value," Brian D. Schmitt, SouthCrest Financial CEO.