TC Federal Bank

Name

TC Federal Bank

Legal name

TC Bancshares, Inc.

Website

https://tcfederal.com

Company type

Private

Founded year

1934

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

Keywords

• Community banking
• Personal banking services
• Commercial lending
• Agricultural lending
• Mortgage services

Headquarters

HQ city

Thomasville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels2 records

Marketing channels1 record

Core offering

TC Federal Bank was a federal savings bank in South Georgia and North Florida that offered a comprehensive suite of personal and business banking products, including checking and savings accounts, mortgage loans, commercial and agricultural lending, cash management, digital banking, insurance, and wealth advisory services. Following its December 2025 acquisition by Colony Bankcorp, its offerings now operate as part of Colony Bank's unified community banking platform with approximately $3.8 billion in pro forma assets.

Product overview

Colony Bank offers a unified community banking platform providing personal and business banking services. The core product portfolio includes digital banking (online and mobile banking with features like mobile deposit, e-statements, Zelle, and bill payments), checking and savings accounts, and lending products (mortgages, auto loans, business loans, agricultural loans, and specialty small business lending through SBA and USDA programs). Additional services include cash management for businesses, insurance products through the Colony Insurance subsidiary and Allstate partnerships, and wealth management through Ameriprise. Following the TC Federal acquisition completed in December 2025, the combined entity operates under Colony Bank with approximately $3.8 billion in assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking Online and mobile banking platform with online banking, mobile banking, mobile deposit, e-statements, e-alerts, bill payments, and Zelle person-to-person payments for consumer and business customers.
• Business Digital Banking Digital banking platform for business customers including business mobile deposits, wire instructions, and business bill payments.
• Cash Management Treasury management services for businesses including merchant services, fraud protection, payables, receivables, liquidity management, and information reporting.
• Personal Checking Accounts Personal checking account options including Benefits Account, Colony One Account, Freedom Account, Convenience Interest Account, and Preferred Interest Account with associated debit card services.
• Personal Savings Accounts Savings products including regular savings, money market accounts, HSA accounts, student savings, retirement/educational accounts, and certificates of deposit.
• Mortgage Services Home lending solutions including mortgage loans, construction loans, lot and small acreage loans, and nationwide mortgage services.
• Business Lending Commercial lending products including small business loans, commercial real estate, working capital, healthcare lending, and equipment financing.
• Agriculture Lending Specialized agricultural financing including agriculture equipment, livestock, farm land, and crop production loans.
• Small Business Specialty Lending Government-guaranteed lending programs including SBA loan programs and USDA loan programs for small businesses.
• Insurance Products Insurance offerings including homeowners, fixed life, auto, boat, renters, condo, ATV, and motorcycle insurance. Provided through Colony Insurance subsidiary and Allstate.
• Financial Advisors Wealth management and financial advisory services offered through partnership with Ameriprise Financial Services.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• First Reliance BankcoreStrategic or Co-development Partner · 24 June 2026Colony Bank (now including TC Federal Bank following merger) announced a strategic partnership with First Reliance Bank. Under this partnership, First Reliance Bank is expected to join Colony Bank, expanding the combined entity's footprint into South Carolina. The partnership was announced on June 24 and is pending regulatory approval with expected legal completion in Q4 2026 and system integration in Q2 2027.
• Colony BankcorpcoreStrategic or Co-development Partner · 1 December 2025Colony Bankcorp acquired TC Bancshares (parent company of TC Federal Bank) in a definitive merger agreement valued at $86.1 million, structured as 80% stock and 20% cash. The merger was completed in early December 2025, bringing TC Federal Bank under Colony Bankcorp's umbrella with pro forma assets of $3.8 billion. Systems conversion and customer integration were completed in Q1 2026.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• ServisFirst Bancshares: ServisFirst Bancshares is a Southeast regional bank headquartered in Alabama, focused on commercial banking clients. Comparable regional presence, business banking focus, and relationship-driven growth model.
• Colony Bankcorp: Colony Bankcorp is the publicly traded parent company (NASDAQ: CBAN) that acquired TC Federal Bank in December 2025. As the $3.8B pro forma regional bank holding company, it is the most directly comparable franchise and now operates TC Federal's former business lines as part of a broader portfolio.
• Ameris Bancorp: Ameris Bancorp is a Southeast-focused bank holding company with community banking operations across multiple states including Georgia and Florida. Comparable franchise model, customer base, and acquisition-driven growth strategy.
• Synovus Financial: Synovus Financial is a Southeast regional bank holding company with community banking operations across Georgia, Florida, Alabama, South Carolina, and Tennessee. Overlapping geographic footprint and customer segments make it a key comparable for franchise economics.
• Bank OZK: Bank OZK is a regional bank with operations across the Southeast and other states, combining community banking with specialty lending. Comparable regional banking scale and emphasis on real estate and agricultural lending.
• United Community Banks: United Community Banks is a regional bank holding company focused on community banking across the Southeast, with a similar strategy of serving small businesses and consumers in secondary and tertiary markets adjacent to TC Federal's footprint.
• Cadence Bank: Cadence Bank is a regional bank with community and commercial banking operations across the Southeast and Texas. Comparable scale and community banking orientation with emphasis on business banking relationships.
• Pinnacle Financial Partners: Pinnacle Financial Partners is a Tennessee-based regional bank that has expanded across the Southeast through organic growth and acquisitions. Comparable strategy of building scale through community banking consolidation and relationship-based service.
• Renasant Corporation: Renasant Corporation is a Southeast-focused financial services holding company with community banking operations in Mississippi, Alabama, Tennessee, Georgia, and Florida. Comparable community banking approach and Southeast market overlap.

Direct peers

• First Reliance Bank: First Reliance Bank is a South Carolina-based community bank that announced a strategic partnership to join Colony Bank (the combined TC Federal + Colony entity). Similar community banking model, relationship-based service approach, and target customer base in adjacent Southeast markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tcfederalbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TC Federal Bank