First Bank Of Alabama To Acquire Branches From Southern States Bank

Talladega-based First Bank of Alabama (“FBA”), subsidiary of FirstBanc of Alabama, Inc. and Anniston-based Southern States Bank (“Southern States”), subsidiary of Southern States Bancshares, Inc. (NASDAQGS: SSBK) announced today that they have entered into an agreement whereby FBA will acquire the Heflin, AL and Ranburne, AL branches of Southern States. Under the terms of the agreement FBA will acquire the physical locations and most of the loan and deposit accounts associated with the branches. The branches are located at 654 Ross Street, Heflin, AL 36264 and 21044 Main Street, Ranburne, AL 36273.