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.
This page provides a historical news archive for Southern States Bancshares, Inc. (SSBK), a former Nasdaq-listed bank holding company headquartered in Anniston, Alabama. The company operated primarily through its wholly owned subsidiary, Southern States Bank, an Alabama state-chartered commercial bank described as a full-service community banking institution serving businesses and individuals in Alabama and Georgia.
The news flow for Southern States Bancshares covers several key themes. Regular earnings releases reported net income, net interest income, net interest margin, loan growth, deposit trends, noninterest income and expense, and credit quality metrics such as nonperforming loans, provision for credit losses and allowance for credit losses. These releases also discussed the impact of the acquisition of Century Bank in 2024 on loans, deposits and noninterest income and expense.
Another recurring category of news consists of dividend announcements. The company issued press releases when its board of directors declared quarterly cash dividends on its common stock, specifying the dividend amount per share and the record and payment dates.
A major focus of later news items is the strategic merger with FB Financial Corporation, the parent company of FirstBank. Joint announcements on March 31, 2025 described the entry into a definitive merger agreement under which Southern States would merge with and into FB Financial. A subsequent release on June 12, 2025 reported receipt of all required regulatory approvals. On July 1, 2025, FB Financial announced the closing of the merger and noted that Southern States’ shares ceased trading after the market closed on June 30, 2025.
Investors and researchers can use this news archive to review how Southern States Bancshares communicated its financial performance, capital actions and corporate transactions leading up to its merger into FB Financial and the delisting of SSBK from Nasdaq.
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.