Colony Bank launches investment program in partnership with Ameriprise Financial | Nation/World

MINNEAPOLIS–(BUSINESS WIRE)–August 18, 2022–

Based in Georgia Colony Bank recently launched a new wealth management program with Ameriprise Financial (NYSE: AMP) as broker. After extensive research, Colony selected the Ameriprise Financial Institutions Group (AFIG) to provide clients with personalized, digital financial advice and investment solutions. With 37 locations across Georgia, the bank will operate its wealth management program under the Colony Financial Advisors brand.

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Colony Financial Advisors, with the help of Ameriprise, has recruited financial advisor Needham “Bo” Hatcher, who manages nearly $100 million in client assets. (Photo: BusinessWire)

“We were drawn to Ameriprise because of the company’s enhanced technology and focus on providing financial advisors with the tools they need to succeed,” said Heath Fountain, President and CEO of Colony Bank. “Our commitment at Colony Bank has always been to provide 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 firm, Colony Financial Advisors creates personalized 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 that are tailored to their individual needs.
  • Robust investment solutions to help them achieve their financial goals.
  • Numerical capabilities that allow members to connect with their advisors where and how they want – face-to-face, online, video or telephone meetings.

“At Ameriprise, we have a long history of helping people achieve their financial goals through our exceptional customer experience – it’s one of the reasons we’re the right partner for financial institutions like Colony Bank,” said Jay McAnelly, Group Vice President, AFIG. “We are energized 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. . »

During the launch of the new program, Colony Financial Advisors, with the help of Ameriprise, recruited a financial advisor Needham “Bo” Hatcher, which manages nearly $100 million in client assets. Colony Financial Advisors plans to hire additional advisors to expand its wealth management program.

With more than 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 institution space – helping to create value for customers/members while generating revenue for the affiliated establishment. To learn why experienced financial advisors and institutions are joining Ameriprise, visit ameriprise.com/why.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company of Colony Bank. Founded in 1975 and based 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 trades on the NASDAQ Global Market under the symbol “CBAN”. For more information, visit colony.bank. You can also follow the Company on social networks.

About Ameriprise Financial

At Ameriprise Financial, we’ve been helping people feel confident in their financial future for over 125 years. With extensive advisory, asset management and insurance capabilities and a national network of around 10,000 financial advisors 2, we have the strength and expertise to meet the full range of investors’ financial needs. individual and institutional.

Not insured by the FDIC or NCUA

No financial institution guarantee

May 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 made available through Ameriprise Financial Services, LLC, a registered investment adviser.

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

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 providing onsite investment programs for financial institutions. Ameriprise Financial, Inc. acquired IPI in 2017, bringing together the years of experience of both organizations.

2 Ameriprise Financial Q2 2022 earnings release.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220818005211/en/

CONTACT: Cassandra Osei, Media Relations

212.437.8682

[email protected]

KEYWORD: MINNESOTA GEORGIA UNITED STATES NORTH AMERICA

SECTOR KEYWORD: PERSONAL FINANCE INSURANCE FINANCIAL ADVICE FINTECH BANKING ACCOUNTING PROFESSIONAL SERVICES ASSET MANAGEMENT

SOURCE: Ameriprise Financial

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PUBLISHED: 08/18/2022 09:00 / DISK: 08/18/2022 09:02

http://www.businesswire.com/news/home/20220818005211/en

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