Southern States Bancshares ( (SSBK) ) just unveiled an announcement.
On March 31, 2025, Southern States Bancshares and FB Financial Corporation announced a definitive merger agreement where Southern States will merge into FB Financial. This merger aligns with FB Financial’s growth strategy in Alabama and Georgia, enhancing its market presence in key areas such as Atlanta and Birmingham. Southern States shareholders will receive 0.800 shares of FB Financial common stock per Southern States share, valuing the transaction at approximately $381 million. The merger, expected to close by late 2025, is subject to regulatory and shareholder approvals.
More about Southern States Bancshares
Southern States Bancshares, Inc., headquartered in Anniston, Alabama, operates as a bank holding company through its subsidiary, Southern States Bank. It offers a comprehensive range of deposit, loan, and other banking services to businesses and individuals across 15 branches in Alabama and Georgia, and two loan production offices in the Atlanta metropolitan area. As of December 31, 2024, Southern States reported total assets of $2.8 billion, loans of $2.2 billion, and deposits of $2.4 billion.
YTD Price Performance: -2.19%
Average Trading Volume: 17,944
Technical Sentiment Signal: Sell
Current Market Cap: $322.4M
Find detailed analytics on SSBK stock on TipRanks’ Stock Analysis page.