THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Colony Bankcorp, Inc. (CBAN)

3/1/2006 Proxy Information

Loans. The Company’s directors and officers from time to time have borrowed funds from the Company’s subsidiaries for various business and personal reasons. Such loans are made in strict compliance with state and Federal statutes and regulations of the Federal Deposit Insurance Corporation and the Georgia Department of Banking and Finance.

As of December 31, 2005, certain officers, executive officers, directors, and companies in which they are an executive officer or partner or in which they have a 10% or more beneficial interest, were indebted to the bank in the aggregate amount of $15,103,982 . Such loans were (1) made in the ordinary course of business; (2) were made on substantially the same terms, including interest rates and collateral, as were prevailing at the time for comparable transactions with other persons; and (3) did not involve more than normal risk of collectibility or present other unfavorable features.

The Company and its subsidiaries utilized the services of Martin Snow, LLP during 2005. Mr. Edward J. Harrell is a director of the Company and a partner in that law firm.

3/2/2005 Proxy Information

The Company and its subsidiaries utilized the services of Martin, Snow, LLP during 2004. Mr. Edward J. Harrell is a director of the Company and a partner in that law firm.

On January 15, 2004, Colony Bank Worth entered into a lease for its second branch office in Tifton, Georgia with Mobile Home Tract, LLC. Director Stafford is a principal owner and officer with Mobile Home Tract, LLC. The lease was negotiated in an arms-length transaction prior to Mr. Stafford’s affiliation with Colony.