Business
FB Financial to Expand in Alabama and Georgia by Merger With Southern States
NASHVILLE, Tenn. and ANNISTON, Ala., March 31, 2025 (GLOBE NEWSWIRE) -- FB Financial Corporation (“FB Financial”) (NYSE: FBK), the parent company of FirstBank, and Southern States Bancshares, Inc. (“Southern States”) (Nasdaq: SSBK), the parent company of Southern States Bank, jointly announced their entry into a definitive merger agreement pursuant to which Southern States will be merged with and into FB Financial. Southern States is headquartered in Anniston, Alabama, with 15 branches across Al
About this update from Fb Financial Corporation
[{"type":"image","alt":"Southern States Bancshares, Inc","displaySize":"","headline":null,"caption":"Southern States Bancshares, Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":105,"height":95,"url":"https://media.zenfs.com/en/globenewswire.com/024f58aecb1a56fd895c3af163cf2f76"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3cEVK206.cuT5pPNA8RjUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/024f58aecb1a56fd895c3af163cf2f76","width":105,"height":95}},"lazy":false},{"type":"text","content":"NASHVILLE, Tenn. and ANNISTON, Ala., March 31, 2025 (GLOBE NEWSWIRE) -- FB Financial Corporation (“FB Financial”) (NYSE: FBK), the parent company of FirstBank, and Southern States Bancshares, Inc. (“Southern States”) (Nasdaq: SSBK), the parent company of Southern States Bank, jointly announced their entry into a definitive merger agreement pursuant to which Southern States will be merged with and into FB Financial.","length":418,"tagName":"p"},{"type":"text","content":"Southern States is headquartered in Anniston, Alabama, with 15 branches across Alabama and Georgia, along with two loan production offices in the Atlanta MSA. Southern States’ core markets include a mix of community and metropolitan markets that match FB Financial’s desired areas for growth, including Atlanta, Auburn-Opelika, Birmingham, Columbus, and Huntsville. Southern States reported total assets of $2.8 billion, loans of $2.2 billion and deposits of $2.4 billion as of December 31, 2024.","length":496,"tagName":"p"},{"type":"text","content":"FB Financial’s President and CEO Christopher T. Holmes commented, “We are thrilled about our proposed combination with Southern States. Southern States is an established community bank with a leading presence in the markets they serve. We are well-aligned culturally and look forward to continuing Southern States’ legacy of dedication and service to their customers.”","length":368,"tagName":"p"},{"type":"text","content":"Southern States’ President and CEO, Mark A. Chambers, commented, “Our team is excited about this partnership and the opportunity it presents. We believe this transaction benefits all of our shareholders and customers, and the combined company will be well positioned to capitalize on talent and financial strength with an enhanced presence in exceptional markets.”","l...