FB Financial And Southern States Bancshares Receive All Regulatory Approvals Needed To Complete Proposed Merger Of Southern States With And Into FB Financial

Author: Benzinga Newsdesk | June 12, 2025 04:21pm

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 today that they have received all regulatory approvals needed to complete the proposed merger of Southern States with and into FB Financial.

The companies anticipate the transaction to close on July 1, 2025, with systems conversion expected to follow during the third quarter of 2025. As of March 31, 2025, Southern States reported total assets of $2.9 billion, loans of $2.3 billion, and deposits of $2.4 billion, and FB Financial reported total assets of $13.1 billion, loans of $9.9 billion, and deposits of $11.2 billion.
 

Posted In: FBK SSBK