FB Financial Corporation and Southern States Bancshares, Inc. jointly announced today that they have received all regulatory approvals required to complete their proposed merger. This development clears a major condition for the transaction to proceed as planned.
The companies anticipate the merger to close on July 1, 2025, with the subsequent systems conversion expected to occur during the third quarter of 2025. This timeline aligns with previous expectations for the completion of the strategic combination.
As of March 31, 2025, Southern States reported total assets of $2.9 billion, loans of $2.3 billion, and deposits of $2.4 billion. The receipt of regulatory approvals signifies a key step towards integrating these operations into FB Financial's larger regional footprint.
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