Colony Bankcorp (CBAN) Chief Banking Officer Buys 2,000 Shares
$CBAN · COLONY BANKCORP INCResearch Summary
AI-generated summary of this SEC filing
Colony Bankcorp (CBAN) Chief Banking Officer Buys 2,000 Shares
What Happened
Edward G. Canup, Chief Banking Officer of Colony Bankcorp (CBAN), made two open-market purchases on July 30, 2026: 1,000 shares at $21.85 ($21,850) and 1,000 shares at $21.75 ($21,750), for a total of 2,000 shares costing $43,600. These were purchases (transaction code P), which investors often view as a more informative signal than routine sales.
Key Details
- Transaction dates and prices: 2026-07-30 — 1,000 shares @ $21.85 ($21,850); 1,000 shares @ $21.75 ($21,750).
- Total purchased: 2,000 shares for $43,600.
- Shares owned after transaction: not specified in the portion of the filing provided.
- Footnotes: F1 and F2 note holdings include shares acquired through reinvested dividends, salary deferral, and a 401(k) company match.
- Filing: Report filed 2026-08-03 for a 2026-07-30 transaction; this filing date appears to be within the required two-business-day window and thus timely.
- No 10b5-1 plan, tax-withholding, or other special conditions were referenced in the provided details.
Context
Open-market purchases by executives can be interpreted as a positive sign because they put personal capital to work in the company, but they do not guarantee future performance. The size of this buy ($43.6k) is relatively modest; consider it alongside other insider activity and the company's fundamentals when making investment decisions.