FB Financial (FBK) said Tuesday that it has completed its merger with Southern States Bancshares (SSBK).
Shareholders of Southern States received 0.8 FB Financial common share for each Southern States share, implying a deal value of $36.24 per Southern States share or a total of $368.4 million as of June 30, FB Financial said.
Southern States' shares ceased trading after market close on Monday, FB Financial said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.