FB Financial (FBK) and Southern States Bancshares (SSBK) announced 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.
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