Colony Bankcorp, Inc. Announces Third Quarter Results
FITZGERALD, Ga., Oct. 24, 2008 (GLOBE NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN), today reported quarterly net income of $194,000 for the third quarter of 2008, down 92.59 percent from third quarter 2007 net income of $2,619,000, while net income for nine months ended September 30, 2008 was $2,699,000, down 65.38 percent from nine months ended September 30, 2007 of $7,795,000. 2008 has proven to be very challenging for Colony and the entire banking industry. The continued downturn of the h...
10/24/2008 12:00:00 PM
Business/Financial News (via PrimeNewswire)
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