| Name of Subsidiary | State of Incorporation | |||||||
| Colony Bank | Georgia | |||||||
| Colony Risk Management, Inc. | Nevada | |||||||
| Colony Bankcorp Statutory Trust III | Delaware | |||||||
| Colony Bankcorp Capital Trust I | Delaware | |||||||
| Colony Bankcorp Capital Trust II | Delaware | |||||||
| Colony Bankcorp Capital Trust III | Delaware | |||||||