Colony Bank acquires The Ellerbee Agency to expand P&C footprint

Colony Bank has acquired The Ellerbee Agency, an Allstate-appointed consumer P&C agency, folding it into its insurance subsidiary, Colony Insurance.

The deal adds two Georgia locations—in Monroe and Greensboro—and brings on agency leader Sean Ellerbee along with 11 agents.

The move supports Colony’s strategy of scalable expansion while strengthening its presence in local communities. Sean Ellerbee will join the Colony Insurance leadership team, focusing on sales and coaching.