Southern States Bancshares, Inc. has completed its merger with FB Financial Corporation, the parent company of FirstBank. As part of the transaction, Southern States Bank has merged into FirstBank, with all outstanding stock-based compensation vested during the second quarter. In preparation for the merger, Southern States Bancshares sold approximately $169,000 of investment securities to reposition its balance sheet, though these sales were not related to acquisition accounting. The merger received approval from the boards of directors and shareholders of both companies and closed effective July 1, 2025.
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