Atlanta, GA and Thomasville, GA – December 15, 2025 – MountainSeed Real Estate Services, LLC (“MountainSeed”), a Georgia limited liability company, has successfully completed a sale-leaseback transaction with TC Federal Bank (“TC Federal”).
Effective November 25th, 2025, TC Federal sold two of its owned banking facilities for a total purchase price of approximately $6 million, subject to customary closing adjustments. These buildings are located in a core Georgia and Florida market and continue to support the Bank’s daily operations and customer service model.
As part of the transaction, TC Federal entered into a long-term, 15-year lease agreement to maintain full operational control of the properties. The lease was subsequently assumed by Colony Bank on December 1st, 2025, upon the closing of its merger with TC Federal. This transaction reinforces the Bank’s enduring presence in the communities it serves and ensures no disruption to customer access or service.
Colony Bank strategically employed the sale leaseback before merging with TC Federal to maximize the value of its existing assets. The sellers concluded that the timing of the closing would potentially enable the capital gain on sale to be recognized before the buildings were marked to market, effectively increasing pro forma capital and reducing goodwill. The additional capital should enable Colony Bank to address balance sheet priorities for the combined institution.
About MountainSeed:
MountainSeed acts as a beacon of trust and innovation in the real estate and banking industries, partnering with over 600 community banks and credit unions across all 50 states. As the most active company in conducting sale-leaseback transactions with community financial institutions, MountainSeed also supports over $5 billion in commercial real estate transactions monthly through its tech-enabled platform, providing expertise and access to a wide array of valuation, capital markets, and real estate services.
About Colony Bank:
Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama; Tallahassee, Florida; and the Florida Panhandle. Colony Bank offers a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony provides specialized solutions including mortgage lending, government guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony Bank is a wholly-owned subsidiary of Colony Bankcorp., Inc. Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank You can also follow the Company on social media.
About TC Federal Bank:
Founded in 1934, TC Federal Bank is a community-focused financial institution headquartered in Thomasville, Georgia. With a strong commitment to local values and personalized service, the Bank provides tailored banking solutions to individuals, families, and businesses across Georgia and North Florida. TC Federal combines deep regional roots with forward-thinking innovation to help customers build lasting financial success.
For further information, please contact:
MountainSeed Sales
Email: [email protected]
Forward-Looking Statements This press release contains certain forward-looking statements involving risks and uncertainties and relating to anticipated future events. Words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or conditional verbs such as “will,” “should,” or “may” often indicate such statements. Actual results may differ materially due to factors including economic conditions and changes in interest rates, among others.