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Stock impact report

FB Financial to acquire Southern States for $381M [Yahoo! Finance]

FB Financial Corporation (FBK) 
Last fb financial corporation earnings: 4/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstbankonline.com
Company Research Source: Yahoo! Finance
Nashville, Tennessee-based FB Financial Corp., the parent company of FirstBank, seeks to acquire Anniston, Alabama-based Southern States Bancshares, the parent company of Southern States Bank, for $381 million, the companies said Monday The combination adds to FB Financial's density in the Birmingham and Huntsville, Alabama, markets, where both banks have a presence, FB's CEO, Christopher Holmes, said during a conference call Monday to discuss the deal. The all-stock deal – which has been approved by both companies' boards of directors and awaits regulatory and shareholder approvals – is expected to close late in the third quarter or early in the fourth quarter. FB doesn't have “an obsessive goal of getting to Atlanta,” Holmes said, but as the bank expands into the Carolinas, Tennessee and Georgia, it will pursue outlying towns around Atlanta, such as Carrollton and Cartersville, creeping closer to the Southeast's largest city. “We'll continue to do that if we have opportunit Show less Read more
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