secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001104659-25-066404
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 2.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/0001104659-25-066404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000110465925066404/tm2519906d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-066404

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer