FILING ANALYSIS · WEDNESDAY, OCTOBER 28
COLONY BANKCORP INC CBAN — 8-K: Entry into a Material Definitive Agreement
neutral
The company has entered into a sale-leaseback agreement for three bank branch properties, generating $19.9 million in gross proceeds, with $16.2 million received initially and $3.7 million pending for the Tifton property, while also incurring lease obligations with annual base rent of $1.65 million, increasing by 2% annually
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