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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Read More on FBK:
- FB Financial Discusses Strategic Plans at Bank Trip
- FB Financial Holds Annual Shareholders Meeting
- Southern States downgraded to Market Perform from Outperform at Keefe Bruyette
- FB Financial price target lowered to $58 from $60 at Piper Sandler
- FB Financial price target lowered to $52 from $58 at Keefe Bruyette
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