UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of December, 2007.

Comission File Number 001-32535

Bancolombia S.A.

(Translation of registrant’s name into English)

Calle 50 No. 51-66
Medellín, Colombia
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ                    Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):     

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(2):     

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o                    No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .

 

 

BANCOLOMBIA ANNOUNCES RENEWAL OF THE INDEPENDENT OPERATOR AGREEMENT
BETWEEN AMERICAN EXPRESS AND BANCOLOMBIA S.A

Medellín, Colombia, December 26, 2007

American Express Limited (“American Express”) and Bancolombia S.A. (“Bancolombia”) renewed the agreement that allows Bancolombia to hold a license to operate as issuer and acquirer of American Express credit cards in Colombia (the “Independent Operator Agreement”). The renewed Independent Operator Agreement has a term of 10 years, beginning on January 1, 2008. American Express and Bancolombia entered into the renewal of the Independent Operator Agreement, establishing the terms and conditions of the license, on December 21, 2007.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.