SEC Comment Letter 0000000000-23-003749 to COLONY BANKCORP INC (CBAN)
COLONY BANKCORP INC
Date: April 14, 2023 · CIK: 0000711669 · Accession: 0000000000-23-003749
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-270613
Letter
United States securities and exchange commission logo April 14, 2023 T. Heath Fountain Chief Executive Officer and Acting Chief Financial Officer COLONY BANKCORP INC 115 South Grant Street Fitzgerald, Georgia 31750 Re:COLONY BANKCORP INC Form S-3 filed March 16, 2023 File No. 333-270613 Dear T. Heath Fountain: We have limited our review of your registration statement to those issues we have addressed in our comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to our comment, we may have additional comments. Form S-3 Filed March 16, 2023 General 1.In light of recent market events and activities within the banking sector, pursuant to Item 11 of Form S-3, please describe any material impact these events and activities have had on your financial condition, operations, customer base, liquidity, capital position and risk profile. In this regard, advise us of the extent of any significant changes by management regarding interest rate risk and asset/liability management policies. Additionally, advise us whether you have a Chief Risk Officer and if not, who handles such duties.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameT. Heath Fountain Comapany NameCOLONY BANKCORP INC April 14, 2023 Page 2 FirstName LastName T. Heath Fountain COLONY BANKCORP INC April 14, 2023 Page 2 Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Todd K. Schiffman at 202-551-3491 or James Lopez at 202-551-3536 if you have questions regarding this comment or any other questions. Sincerely, Division of Corporation Finance Office of Finance
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United States securities and exchange commission logo
April 14, 2023
T. Heath Fountain
Chief Executive Officer and Acting Chief Financial Officer
COLONY BANKCORP INC
115 South Grant Street
Fitzgerald, Georgia 31750
Re:COLONY BANKCORP INC
Form S-3 filed March 16, 2023
File No. 333-270613
Dear T. Heath Fountain:
We have limited our review of your registration statement to those issues we have
addressed in our comment.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to our comment, we may have additional comments.
Form S-3 Filed March 16, 2023
General
1.In light of recent market events and activities within the banking sector, pursuant to Item
11 of Form S-3, please describe any material impact these events and activities have had
on your financial condition, operations, customer base, liquidity, capital position and risk
profile. In this regard, advise us of the extent of any significant changes by management
regarding interest rate risk and asset/liability management policies. Additionally, advise us
whether you have a Chief Risk Officer and if not, who handles such duties.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameT. Heath Fountain
Comapany NameCOLONY BANKCORP INC
April 14, 2023 Page 2
FirstName LastName
T. Heath Fountain
COLONY BANKCORP INC
April 14, 2023
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
You may contact Todd K. Schiffman at 202-551-3491 or James Lopez at 202-551-3536 if
you have questions regarding this comment or any other questions.
Sincerely,
Division of Corporation Finance
Office of Finance