Colony Bankcorp, Inc. announced that it has opened a Small Business Specialty Lending Group focusing on Small Business Administration (SBA) lending and other government guaranteed loans. The newly created division will be based in metro Atlanta and will be led by two veteran bankers.

The company also announced that Darren Davis will join Colony and serve as President of the new Small Business Specialty Lending Group, and Stephen T. Kruto will join Colony as Director of Operations of the new unit. Davis most recently served as Executive Vice President – SBA Department Manager at Fidelity Bank (now Ameris Bank). Kruto also comes from Fidelity Bank, where he served as Senior Vice President and Operations Manager since 2014. Prior to joining Fidelity Bank, he held various positions with financial institutions in the Chicago, Illinois, area, including Vice President and Integration Manager for JPMorgan Chase, as well as Manager – Treasury and Cash Operations for Security Link from Ameritech, Inc.