FB Financial ( (FBK) ) has issued an update.
On March 31, 2025, FB Financial Corporation and Southern States Bancshares, Inc. announced a merger agreement where Southern States will merge into FB Financial. This strategic merger is expected to enhance FB Financial’s market presence in Alabama and Georgia, aligning with its growth strategy. Southern States’ shareholders will receive FB Financial stock, and the merger is anticipated to close by late 2025, pending regulatory and shareholder approvals.
More about FB Financial
FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee, operating through its subsidiary FirstBank, with 77 branches across Tennessee, Alabama, Kentucky, and North Georgia. Southern States Bancshares, Inc., headquartered in Anniston, Alabama, operates through its subsidiary Southern States Bank, offering a range of banking services across 15 branches in Alabama and Georgia.
YTD Price Performance: -8.33%
Average Trading Volume: 151,310
Technical Sentiment Signal: Sell
Current Market Cap: $2.2B
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