Colony Bankcorp in Fitzgerald, Ga., is splitting up the roles of president and CEO.
The $2.7 billion-asset company said in a press release Tuesday that R. Dallis Copeland Jr. had become its president. Copeland, who had been serving as a special adviser to Colony, succeeded Heath Fountain, who remains CEO.
Colony said the move follows the decision by M. Eddie Hoyle to retire as chief banking officer on Dec. 31. Copeland, who was chief banking officer at Synovus Financial before joining Colony, will take over Hoyle’s responsibilities.
The company said Kimberly Dockery, its chief administration officer, will move into the newly created role of chief of staff where she will prioritize strategic initiatives and ensure clear communication.
“As Colony continues to grow, our organizational structure has to evolve,” Fountain said in the release.
“These management changes position our team with the right structure to drive our business forward, successfully execute our initiatives, and to deliver greater value to our shareholders, customers, and team,” Fountain added.