COLONY BANKCORP INC
SC 13G, 1998-02-27
STATE COMMERCIAL BANKS
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G


                   Under the Securities Exchange Act of 1934
                           (Amendment No. ________)*

                             Colony Bankcorp, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                                 Common Stock
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                      N/A
- --------------------------------------------------------------------------------
                                (CUSIP Number)

Check the following box if a fee is being paid with this statement [_]. (A fee 
is not required only if the filing person: (1) has a previous statement on 
file reporting beneficial ownership of more than five percent of the class of 
securities described in Item 1; and (2) has filed no amendment subsequent 
thereto reporting beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, 
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange 
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of 
the Act but shall be subject to all other provisions of the Act (however, see 
the Notes).

                               Page 1 of 8 pages
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. N/A                         13G                PAGE 2 OF 4 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                          
      Curtis Summerlin   SSN ###-##-####
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
      N/A                                                       (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      United States

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5     
     NUMBER OF            131,142       
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6    
                          N/A
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7     
    REPORTING             131,142
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8    
                          N/A
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9    
      131,142

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10    CERTAIN SHARES*                                               [_]
 
      N/A
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      6.03%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IN

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 2 of 8 pages


<PAGE>
 
                      Securities and Exchange Commission
                                 Schedule 13G


Item 1.     a.      Colony Bankcorp, Inc. 
            b.      115 South Grant Street
                    P.O. Box 989
                    Fitzgerald, Georgia 31750
 
Item 2.     a.      Curtis Summerlin
            b.      P.O. Box 309
                    Broxton, Georgia 31519
            c.      United States Citizen
            d.      Colony Bankcorp, Inc. Common Stock
            e.      Not Applicable

Item 3.     Not Applicable

Item 4.     a.      131,142
            b.      6.03%
            c.(i)   131,142
            c.(ii)  Not Applicable 
            c.(iii) 131,142
            c.(iv)  Not Applicable 

Item 5.     Not Applicable

Item 6.     Not Applicable

Item 7.     Not Applicable

Item 8.     Not Applicable

Item 9.     Not Applicable
<PAGE>
 
Item 10.    After reasonable inquiry and to the best of my knowledge and belief,
            I certify that the information set forth in this statement is
            true, complete and correct.


                                                     2/9/98
                                           ------------------------------
                                           Date

                                           /s/ Curtis Summerlin
                                           ------------------------------
                                           Signature

                                            Curtis Summerlin 
                                            ------------------------------
                                            Name/Title    


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