Colony Closer to Profitability

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    January 28

Colony Bankcorp Inc. in Fitzgerald, Ga., is closing in on break-even quarterly results.

The $1.3 million-asset company on Friday reported a fourth-quarter loss of $47,000, compared with a $14.6 million loss a year earlier.

The loan-loss provision was $2.5 million, compared with $21.9 million in the fourth quarter of 2009.

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