{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-066404","form_type":"8-K","ticker":"FBK","cik":"0001649749","company_name":"FB Financial Corp","filed_at":"2025-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.561089+00:00","generated_at":"2026-05-18T09:06:28.299038+00:00","sec_items":["2.01","2.03","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"FB Financial closes $368M stock-for-stock merger with Southern States Bancshares","bullets":["Implied transaction value of ~$36.24 per share, ~$368.4M total, based on FBK's $45.30 close on June 30.","Southern States shareholders received 0.800 shares of FB Financial common stock per share; SSBK ceased trading after June 30.","FB Financial assumed $92.7M in subordinated notes: $48M 3.50% notes due 2032, $40M 7.00% notes due 2032, $4.7M 3.50% notes due 2031.","Board increased to 13 directors; appointed J. Henry Smith IV, former Southern States director, effective immediately.","Combined company has ~$16B total assets, operates 93 full-service branches across TN, AL, KY, GA."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-066404","json":"https://secwatch.observer/filing/0001104659-25-066404.json","markdown":"https://secwatch.observer/filing/0001104659-25-066404.md","text":"https://secwatch.observer/filing/0001104659-25-066404.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/tm2519906d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:06:28.299038+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dbad21554468dcf13914684fa5a07b85c4e905d1","claim":"FB Financial Corp incurred debt of aggregate principal amount of $92,700,000 at 3.50% Fixed-to-Floating Rate, 7.00% Fixed-to-Floating Rate maturing 2032, 2031.","evidence_excerpt":"FB Financial assumed subordinated notes in aggregate principal amount of $92,700,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"aggregate principal amount of $92,700,000"},{"label":"Rate","value":"3.50% Fixed-to-Floating Rate, 7.00% Fixed-to-Floating Rate"},{"label":"Maturity","value":"2032, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0a28658291fdd979ed22628550811167976e3421","claim":"FB Financial Corp completed an acquisition involving Southern States Bancshares, Inc. for 0.800 shares of common stock, par value $1.00 per share, of FB Financial (closed 2025-07-01).","evidence_excerpt":"On July 1, 2025, FB Financial completed its previously announced merger with Southern States.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Southern States Bancshares, Inc."},{"label":"Consideration","value":"0.800 shares of common stock, par value $1.00 per share, of FB Financial"},{"label":"Closing","value":"2025-07-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}