m_and_a
confidence high
sentiment neutral
materiality 0.90
Southern States Bancshares completes merger into FB Financial; shares converted at 0.800x
Southern States Bancshares, Inc.
- Each SSB common share converted into 0.800 FB Financial shares; cash paid for fractional shares.
- Shareholder approval at June 26 special meeting: 7,210,801 for, 24,409 against.
- SSB directors and officers ceased; J. Henry Smith added to FB Financial board.
- SSB common stock delisted from Nasdaq; deregistration filings planned.
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