---
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"
generated_at: "2026-05-18T09:06:28.299038+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FB Financial closes $368M stock-for-stock merger with Southern States Bancshares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 2.03, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-066404
- JSON: https://secwatch.observer/filing/0001104659-25-066404.json
- Plain text: https://secwatch.observer/filing/0001104659-25-066404.txt

## Key facts
- Debt Financings
  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.
  - Principal: aggregate principal amount of $92,700,000
  - Rate: 3.50% Fixed-to-Floating Rate, 7.00% Fixed-to-Floating Rate
  - Maturity: 2032, 2031
  - Event: incurrence
  source text: FB Financial assumed subordinated notes in aggregate principal amount of $92,700,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Southern States Bancshares, Inc.
  - Consideration: 0.800 shares of common stock, par value $1.00 per share, of FB Financial
  - Closing: 2025-07-01
  source text: On July 1, 2025, FB Financial completed its previously announced merger with Southern States.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.