X0306 4 2020-05-05 0000711669 COLONY BANKCORP INC CBAN 0001687883 Bagwell Lee 1000 LEE AVENUE DOUGLAS GA 31533 1 Executive VP COLONY BANKCORP, INC. COMMON STOCK 2020-05-05 4 P 0 2296 12.249 A 8073.614 I 401k These shares include 29.346 shares acquired through 401k company match as well as 5,748.268 shares owned directly. /S/ LEE BAGWELL 2020-05-07