Southern States Bancshares Announces Exercise and Closing of Over-Allotment Option for Initial Public Offering
Southern States Bancshares, Inc. (SSBK)
Company Research
Source: GlobeNewswire
ANNISTON, Ala., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), announced today that the underwriters for Southern States’ initial public offering exercised in full their option to purchase 300,000 additional shares of common stock from Southern States at the initial public offering price of $19.00 per share, less underwriting discounts and commissions. The closing of the over-allotment option occurred today, and as a result, Southern States received a total of approximately $21.1 million in the initial public offering, after deducting underwriting discounts and commissions and estimated offering expenses. Southern States expects to use the net proceeds for general corporate purposes, including capital and liquidity to support its growth, temporary repayment of borrowings under its line of credit, and potential acquisitions of
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News
- Southern States Bancshares Announces Retirement of COO Jack Swift [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares Announces Retirement of COO Jack SwiftGlobeNewswire
- Southern States Bancshares, Inc. (NASDAQ: SSBK) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $35.00 price target on the stock, up previously from $32.00.MarketBeat
- If EPS Growth Is Important To You, Southern States Bancshares (NASDAQ:SSBK) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp [Yahoo! Finance]Yahoo! Finance
SSBK
Earnings
- 7/24/23 - Beat
SSBK
Analyst Actions
- 3/15/24 - Keefe, Bruyette & Woods
SSBK
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- SSBK's page on the SEC website