Acquiring Company
FB Financial Corporation
Acquired Company
Southern States Bancshares
NashvilleAnnistonFinancial ServicesFinancial ServicesFinanceLendingBankingDescription
FB Financial Corporation has received final regulatory approvals to merge with Southern States Bancshares, Inc. This merger will combine FB Financial's extensive banking operations with Southern States' community banking services. The transaction is expected to close on July 1, 2025, following which systems conversion will take place in the third quarter of 2025.
Quick answer
FB Financial Corporation is acquiring Southern States Bancshares for $2.9 billion, announced June 12, 2025. FB Financial Corporation is based in Nashville, Tennessee, United States.
- How much did FB Financial Corporation pay for Southern States Bancshares?
- The reported deal value is $2.9 billion.
- What does FB Financial Corporation do?
- FB Financial Corporation is the parent company of FirstBank.
- Where are FB Financial Corporation and Southern States Bancshares based?
- FB Financial Corporation is based in Nashville, Tennessee, United States. Southern States Bancshares is based in Anniston, Alabama, United States.
Source: Fundz verified event record.
Who to call at FB Financial Corporation, and when
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Frequently asked
Who acquired Southern States Bancshares?
Southern States Bancshares was acquired by FB Financial Corporation, based in Nashville. The deal was reported on June 12, 2025. FB Financial Corporation is the parent company of FirstBank. It focuses on expanding its presence in key markets. The company has a strong commitment to customer service and community engagement. FB Financial Corporation is publicly traded (FBK) and operates in Financial Services.
When did FB Financial Corporation acquire Southern States Bancshares?
FB Financial Corporation's acquisition of Southern States Bancshares was reported on June 12, 2025. FB Financial Corporation has received final regulatory approvals to merge with Southern States Bancshares, Inc. This merger will combine FB Financial's extensive banking operations with Southern States' community banking services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Southern States Bancshares do?
Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. It is privately held, operating in Financial Services, and is based in Anniston.
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