Colony Bank launches investment program in partnership with Ameriprise Financial

MINNEAPOLIS–(BUSINESS THREAD)–Georgia-based Colony Bank recently launched a new wealth management program with Ameriprise Financial (NYSE: AMP ) as an intermediary. After an extensive search, Colony selected the Ameriprise Financial Institutions Group (AFIG) to provide its clients with personalized and digitized financial advice. With 37 locations throughout Georgia, the bank will operate its wealth management program under the Colony Financial Advisors brand.

“We were attracted to Ameriprise because of the company’s enhanced technology and our focus on giving financial advisors the tools they need to succeed,” said Heath Fountain, president and CEO of Colony Bank. “Our commitment at Colony Bank has always been to offer solutions that exceed our customers’ expectations. We look forward to leveraging Ameriprise’s resources to grow our investment program by adding more financial advisors and clients while further enhancing our client experience.”

As Ameriprise’s financial advisory practice, Colony Financial Advisors creates customized financial plans to help the bank’s clients achieve their goals and manage their investments based on their unique needs. Customers have access to the following Ameriprise services:

Personalized advice and financial plans adapted to your individual needs. Solid investment solutions to help them achieve their financial goals. Digital capabilities that allow members to connect with their advisors where and how they want: face-to-face meetings, online, video or phone.

“At Ameriprise, we have a long history of helping people achieve their financial goals through our exceptional customer experience, which is one of the reasons why we are the right partner for financial institutions like Colony Bank,” said Jay McAnelly, AFIG Group Vice President. . “We are excited by the opportunity to help Colony Bank meet the growing needs of its clients by leveraging our advisory expertise, leading technology, robust solutions and proven ability to attract talented advisors.”

In launching the new program, Colony Financial Advisors, with help from Ameriprise, hired financial advisor Needham “Bo” Hatcher, who manages nearly $100 million in client assets. Colony Financial Advisors plans to hire additional advisors to expand its wealth management program.

With over 25 years1 serving the investment program needs of local banks and credit unions, Ameriprise Financial Institutions Group brings deep understanding, experience and knowledge to the financial institutions space, helping to deliver value for customers/partners while generating income for affiliates. institution To find out why experienced advisors and financial institutions join Ameriprise, visit ameriprise.com/why.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company of Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 37 locations throughout Georgia. At Colony Bank, we offer a wide range of banking services including personal banking, business banking, mortgage solutions, government guaranteed loan solutions and more. We have expanded our services to also include consumer insurance products such as auto, homeowners and other insurance needs for our community. Colony’s common stock is traded on the NASDAQ Global Market under the symbol “CBAN.” For more information, visit colony. bank. You can also follow the company on social media.

About Ameriprise Financial

At Ameriprise Financial, we’ve been helping people feel confident about their financial future for over 125 years. With extensive advisory, asset management and insurance capabilities and a national network of approximately 10,000 financial advisors2, we have the strength and experience to serve the full range of financial needs of individual and institutional investors.

It is not insured by the FDIC or the NCUA

No financial institution guarantee

It can lose value

Ameriprise Financial cannot guarantee future financial results.

Ameriprise Financial and the financial institution are not affiliated.

Colony Financial Advisors is a financial advisory practice of Ameriprise Financial Services, LLC.

Investment advisory products and services are available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

Ameriprise Financial and the financial institution are not affiliated.

Ameriprise Financial Services, LLC is an equal opportunity employer.

© 2022 Ameriprise Financial, Inc. All rights reserved.

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1 Investment Professionals, Inc (IPI) was founded in 1992 and specializes in the on-site delivery of investment programs for financial institutions. Ameriprise Financial, Inc. acquired IPI in 2017, bringing together the years of experience of the two organizations.

2 Ameriprise Financial Q2 2022 earnings release.



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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!