Welcome to our dedicated page for Southern States Bancshares news (Ticker: SSBK), a resource for investors and traders seeking the latest updates and insights on Southern States Bancshares stock.
Southern States Bancshares Inc. was the holding company for Southern States Bank, an Alabama state-chartered commercial bank with a community banking franchise in Alabama and Georgia. Company news has centered on bank earnings, net interest income and margin trends, loan and deposit growth, credit quality, capital levels, common-stock dividends, and the integration of Century Bank into its Georgia footprint.
The company's later updates also covered material agreements, shareholder voting matters, governance and capital-structure disclosures tied to its completed merger with FB Financial Corporation. After the July 2025 closing, Southern States Bancshares merged into FB Financial and Southern States Bank merged into FirstBank.
Southern States Bancshares, Inc. has launched an initial public offering (IPO) of 996,429 shares of common stock, priced between $19.00 and $21.00 per share. An additional 1,003,571 shares will be offered by selling stockholders. Southern States plans to utilize the net proceeds for general corporate purposes, supporting growth, and potential bank acquisitions. The common stock is expected to be listed on Nasdaq under the symbol SSBK. The underwriters, including Keefe, Bruyette & Woods, Inc. and Truist Securities, Inc., have a 30-day option to buy an extra 300,000 shares.