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Colony Bankcorp (CBAN) has shared an update.
Colony Bankcorp, Inc. and its subsidiary, Colony Bank, have reappointed T. Heath Fountain as their CEO through a new employment agreement effective July 30, 2024. The agreement includes a three-year term with a base salary of $499,550, potential annual bonuses, and standard employee benefits. Additionally, it outlines substantial severance terms in the event of a change in control at the Company, along with non-compete and non-solicitation clauses. The Company has also released investor presentation materials and will be hosting an earnings call to discuss these developments.
See more insights into CBAN stock on TipRanks’ Stock Analysis page.
