Recent News

Colony Bankcorp completes acquisition of SouthCrest Financial, Barnes Agency
Posted: 08/02/2021

Fitzgerald, Ga.-based Colony Bankcorp Inc. completed the previously announced acquisition of Atlanta-based SouthCrest Financial Group Inc. Under the terms of the agreement, each SouthCrest common ...

West Virginia-based Summit Financial Group issues additional preferred shares
Posted: 05/03/2021

Moorefield, W.Va.-based Summit Financial Group Inc. sold in a private placement an additional $5.3 million, or 530 shares, of its 6.0% fixed-rate series 2021 noncumulative perpetual preferred stock.

MVB Bank to Sell Four Banking Centers to Summit Community Bank
Posted: 04/23/2021

FAIRMONT, W.Va.–(BUSINESS WIRE)–MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive agreement under wh...

Colony Bankcorp and SouthCrest Financial Group to Combine in Transformational Merger
Posted: 04/22/2021

FITZGERALD, Ga & ATLANTA–(BUSINESS WIRE)–Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or “the Company”), the holding company for Colony Bank, and SouthCrest Financial Group, Inc. (PK: SCSG) (“South...

West Virginia-based Summit Financial Group issues preferred shares
Posted: 04/16/2021

Moorefield, W.Va.-based Summit Financial Group Inc. sold in a private placement $9.7 million of its 6.0% fixed-rate series 2021 noncumulative perpetual preferred stock.

SouthCrest Bank Completes the Purchase of Thomaston Branch from Colony Bank
Posted: 01/05/2021

ATLANTA, Jan. 05, 2021 (GLOBE NEWSWIRE) — SouthCrest Bank, a division of SouthCrest Financial Group (SCSG: PK), completed the purchase of the Thomaston, GA branch of Colony Bank on December 30th, 202...