trending Market Intelligence /marketintelligence/en/news-insights/trending/-BZoPhFcqw8lzJg9X5EMUQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Colony Bankcorp looking to redeem preferred stock in Q3

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Colony Bankcorp looking to redeem preferred stock in Q3

Fitzgerald,Ga.-based Colony Bankcorp Inc.is asking permission from regulators to redeem roughly $3.7 million of preferredstock during the third quarter.

The redemptionwill cut down the company's preferred stock to approximately $14.4 million and resultin $329,000 dividend savings per year.

In its July20 earnings release, the company also reported that it has invested in a new loanplatform system designed to provide a more consistent and efficient loan approvalprocess and that it is also in the process of overhauling its vendor managementprocess so it can monitor and control its vendor contracts better.

Colony Bankcorpreported second-quarter net income available to common shareholders of $1.8 million,or 21 cents per diluted share, compared to $1.6 million, or 18 cents per dilutedshare, for the year-ago period.

The companyalso disclosed that other real estate totaled $10.2 million at June 30, comparedto $8.8 million at Dec. 31, 2015, and $12.0 million at June 30, 2015. While thecompany admits that OREO levels remain elevated, it is continuing to dispose ofthese properties at fair value and plans to liquidate improved properties in a spanof 12 months.