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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">UNITED STATES</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">SECURITIES AND EXCHANGE COMMISSION</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">WASHINGTON, D.C. 20549</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">FORM 8-K</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">CURRENT REPORT</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">PURSUANT TO SECTION 13 OR 15(d) OF</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">THE SECURITIES EXCHANGE ACT OF 1934</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Date of Report (Date of earliest event reported): August 14, 2018</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">COLONY BANKCORP, INC.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(Exact name of registrant as specified in its charter)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Georgia</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(State or other jurisdiction</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">of incorporation)</p>
			</td>
			<td style="vertical-align: top; width: 4%; text-align: center;">&nbsp;</td>
			<td style="vertical-align: top; width: 30%;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">000-12436</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(Commission File No.)</p>
			</td>
			<td style="vertical-align: top; width: 4%; text-align: center;">&nbsp;</td>
			<td style="vertical-align: top; width: 31%;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">58-1492391</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(IRS Employer I.D. No.)</p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">115 South Grant Street, Fitzgerald, Georgia 31750&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of principal executive offices)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(229) 426-6000</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Registrant&#39;s Telephone Number, including area code</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">N/A</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">(Former name or former address, if changed since last report)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

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			<td style="width: 36pt; vertical-align: top; text-align: center;">[&nbsp; ]</td>
			<td style="vertical-align:top;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td>
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			<td style="width:36pt;vertical-align:top;">&nbsp;</td>
			<td style="vertical-align:top;">&nbsp;</td>
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			<td style="width: 36pt; vertical-align: top; text-align: center;">[&nbsp; ]</td>
			<td style="vertical-align:top;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</td>
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			<td style="width:36pt;vertical-align:top;">&nbsp;</td>
			<td style="vertical-align:top;">&nbsp;</td>
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			<td style="width: 36pt; vertical-align: top; text-align: center;">[&nbsp; ]</td>
			<td style="vertical-align:top;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td>
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			<td style="width:36pt;vertical-align:top;">&nbsp;</td>
			<td style="vertical-align:top;">&nbsp;</td>
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			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; margin: 0pt; font-size: 10pt; text-align: center;">[&nbsp; ]</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
			</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left; text-indent: -36pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2). Emerging growth company [&nbsp; ]</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: left; text-indent: -36pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [&nbsp; ]</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:50.4pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-50.4pt;"><b>Item </b><b>5.02</b><b> </b><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.</b></p>

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			<td style="width: 18pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>(e)</b></td>
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">The Independent Directors Compensation Committee of Colony Bankcorp, Inc. (&ldquo;the Company&rdquo;) has approved salaries for certain of its named executive officers. The following table shows the approved corporation salaries.</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 30%;">&nbsp;</td>
			<td style="width: 8%;"><b>201</b><b>7</b><b> Base</b></td>
			<td style="width: 4%;">&nbsp;</td>
			<td style="width: 8%;"><b>201</b><b>8</b><b> Base</b></td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 30%;"><u><b>Name</b></u></td>
			<td style="width: 8%;"><u><b>Salary ($)</b></u></td>
			<td style="width: 4%;">&nbsp;</td>
			<td style="width: 8%;"><u><b>Salary ($)(1)</b></u></td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">T. Heath Fountain</td>
			<td style="text-align: right; width: 8%;">N/A(2)</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">$300,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">President and CEO</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bankcorp, Inc.</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Terry L. Hester</td>
			<td style="text-align: right; width: 8%;">210,000</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">214,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Executive Vice President</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">CFO</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bankcorp, Inc.</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Kimberly C. Dockery</td>
			<td style="text-align: right; width: 8%;">N/A(2)</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">130,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Executive Vice President</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Chief Administrative Officer</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bankcorp, Inc.</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Lee A. Northcutt</td>
			<td style="text-align: right; width: 8%;">168,500</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">172,500</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Executive Vice President</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Regional Market Executive</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Eastern Division</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bank</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">M. Eddie Hoyle, Jr.</td>
			<td style="text-align: right; width: 8%;">170,000</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">174,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Executive Vice President</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Regional Market Executive</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Western Division</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bank</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">J. Stan Cook</td>
			<td style="text-align: right; width: 8%;">162,000</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">166,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Executive Vice President</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Chief Operating Officer</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bank</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(255, 255, 255);">
			<td style="width: 30%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Lee Bagwell</td>
			<td style="text-align: right; width: 8%;">140,000</td>
			<td style="text-align: right; width: 4%;">&nbsp;</td>
			<td style="text-align: right; width: 8%;">143,000</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Chief Credit Officer</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 4%;">&nbsp;</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">In-House Counsel</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 4%;">&nbsp;</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>
		<tr style="background-color: rgb(204, 238, 255);">
			<td style="width: 30%;">Colony Bank</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 4%;">&nbsp;</td>
			<td style="width: 8%;">&nbsp;</td>
			<td style="width: 50%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

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			<td style="width: 18pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="width: 18pt; vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">(1)</p>
			</td>
			<td style="vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Compensation Committee approved base salary adjustments for its named executive officers to be effective with the August 23, 2018 payroll run. The committee indicated at year end 2017 that they would assess company performance in mid-year 2018 for review of any base salary adjustments.</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="width: 18pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="width: 18pt; vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
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		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="width: 18pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="width: 18pt; vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">(2)</td>
			<td style="vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">T. Heath Fountain and Kimberly C. Dockery began employment at Colony effective July 30, 2018.</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><b>SIG</b><b>NATURES</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 18pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td colspan="2" style="width: 2%;" valign="top" width="38%">
			<p style="margin-top: 0; margin-bottom: 0;">COLONY BANKCORP, INC.</p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
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			<td style="width: 20%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
		</tr>
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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 2%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td align="left" nowrap="nowrap" style="width: 20%;" valign="bottom" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
		</tr>
		<tr>
			<td align="left" style="text-align: left; width: 50%;" valign="top" width="50%">
			<p style="margin-top: 0; margin-bottom: 0;">Date: <u>&nbsp;&nbsp;August </u><u>15</u><u>, 201</u><u>8&nbsp;</u></p>
			</td>
			<td style="text-align: left; width: 2%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">By: </font></p>
			</td>
			<td align="left" nowrap="nowrap" style="width: 20%;" valign="top" width="35%">
			<p style="margin: 0pt;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><u>&nbsp; /s/&nbsp;</u></font><u>Terry L. Hester</u></p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 2%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 20%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;">Terry L. Hester</p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
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			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 2%;" valign="top" width="3%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
			</td>
			<td style="width: 20%;" valign="top" width="35%">
			<p style="margin-top: 0; margin-bottom: 0;">Executive Vice-President and</p>
			</td>
			<td style="width: 28%;" valign="top" width="12%">
			<p style="margin-top: 0; margin-bottom: 0;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>
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			<td style="width: 50%;" valign="top" width="50%">&nbsp;</td>
			<td style="width: 2%;" valign="top" width="3%">&nbsp;</td>
			<td style="width: 20%;" valign="top" width="35%">Chief Financial Officer</td>
			<td style="width: 28%;" valign="top" width="12%">&nbsp;</td>
		</tr>

</table>

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cban20180815_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 14, 2018
COLONY BANKCORP, INC.
(Exact name of registrant as specified in its charter)
Georgia
(State or other jurisdiction
of incorporation)
000-12436
(Commission File No.)
58-1492391
(IRS Employer I.D. No.)
115 South Grant Street, Fitzgerald, Georgia 31750
(Address of principal executive offices)
(229) 426-6000
Registrant's Telephone Number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [  ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [  ]
Item
5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
(e)
The Independent Directors Compensation Committee of Colony Bankcorp, Inc. ("the Company") has approved salaries for certain of its named executive officers. The following table shows the approved corporation salaries.
201
7
Base
201
8
Base
Name
Salary ($)
Salary ($)(1)
T. Heath Fountain
N/A(2)
$300,000
President and CEO
Colony Bankcorp, Inc.
Terry L. Hester
210,000
214,000
Executive Vice President
CFO
Colony Bankcorp, Inc.
Kimberly C. Dockery
N/A(2)
130,000
Executive Vice President
Chief Administrative Officer
Colony Bankcorp, Inc.
Lee A. Northcutt
168,500
172,500
Executive Vice President
Regional Market Executive
Eastern Division
Colony Bank
M. Eddie Hoyle, Jr.
170,000
174,000
Executive Vice President
Regional Market Executive
Western Division
Colony Bank
J. Stan Cook
162,000
166,000
Executive Vice President
Chief Operating Officer
Colony Bank
Lee Bagwell
140,000
143,000
Chief Credit Officer
In-House Counsel
Colony Bank
(1)
Compensation Committee approved base salary adjustments for its named executive officers to be effective with the August 23, 2018 payroll run. The committee indicated at year end 2017 that they would assess company performance in mid-year 2018 for review of any base salary adjustments.
(2)
T. Heath Fountain and Kimberly C. Dockery began employment at Colony effective July 30, 2018.
SIG
NATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COLONY BANKCORP, INC.
Date:
August
15
, 201
8
By:
/s/
Terry L. Hester
Terry L. Hester
Executive Vice-President and
Chief Financial Officer