On June 24, 2019, Colony Bankcorp, Inc. and Tracie Youngblood entered into an employment agreement, pursuant to which she will provide services to the company as its Executive Vice President and Chief Financial Officer effective as of June 24, 2019. She will report to the Chief Executive Officer of the company. The Employment Agreement has a two-year term and provides for an initial base salary of $210,000 per year.

She will have an opportunity to receive an annual bonus based upon the achievement of performance goals established from year to year by the compensation committee. She will also have an opportunity to participate in the Bank's benefits plans available to other similarly-situated company employees, subject to the terms and conditions of such plans, and she will be eligible for vacation, PTO and holidays consistent with the Bank's policies.