Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp [Yahoo! Finance]
Southern States Bancshares, Inc. (SSBK)
Company Research
Source: Yahoo! Finance
holding company for Southern States Bank, and CBB Bancorp (“CBB Bancorp”), the holding company for Century Bank of Georgia (“Century Bank”), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp. Upon completion, Southern States expects to merge CBB Bancorp with and into Southern States, with Southern States as the surviving entity. Century Bank of Georgia would similarly be merged with and into Southern States Bank with Southern States Bank surviving. The transaction is expected to close in the third quarter of 2024, subject to regulatory approval. Upon completion of the transaction, Southern States Bank is expected to have approximately $2.8 billion in assets, $2.3 billion in deposits and $2.0 billion in loans. It would have 15 full-service branches and two loan production offices across Alabama and Georgia. Southern States Bank would have 48% of its deposits located in Georgia, with increased presence in the high-growth
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News
- Here's What We Like About Southern States Bancshares' (NASDAQ:SSBK) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Southern States Bancshares (NASDAQ:SSBK) Is Paying Out A Dividend Of $0.09 [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per ShareGlobeNewswire
SSBK
Earnings
- 7/24/23 - Beat
SSBK
Analyst Actions
- 3/15/24 - Keefe, Bruyette & Woods
SSBK
Sec Filings
- 4/26/24 - Form SC
- 4/26/24 - Form SC
- 4/23/24 - Form 8-K
- SSBK's page on the SEC website