 NEW YORK, April 22, 2021 PRNewswire -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Colony Bancorp, Inc. Colony or the Company NASDAQ: CBAN in connection with the proposed acquisition of the Company by SouthCrest Financial Group SouthCrest. Under the terms of the merger agreement, each SouthCrest shareholder will have the right to elect to receive either 10.45 in cash or 0.7318 shares of Colonys common stock in exchange for each share of SouthCrest common or preferred stock, subject to customary proration and allocation procedures such that approximately 27.5 of SouthCrest shares will be converted to cash consideration and the remaining 72.5 of SouthCrest shares will be converted to Colony common stock. 