Form 4: Southern States Bancshares Director Disposes Shares Following Merger with FB Financial

Lewis C. Beavers, a Director of Southern States Bancshares, Inc., disposed of 3,603 shares of common stock effective July 1, 2025, as a result of the company's merger with FB Financial Corp.

Summary

• Lewis C. Beavers, a Director of Southern States Bancshares, Inc. (SSBK), reported the disposition of 3,603 shares of SSBK common stock.
• The disposition occurred on July 1, 2025, in connection with the merger of Southern States Bancshares, Inc. with and into FB Financial Corp. (FBK).
• At the effective time of the merger, each outstanding share of SSBK's common stock converted into the right to receive 0.8 share of FBK's common stock.
• Cash will be paid in lieu of fractional shares.
• On June 30, 2025, the last trading day before the merger's effective time, the closing price of FBK's stock was $45.30 per share.
• The disposed shares included 69 shares of common stock held under the Southern States Bancshares, Inc. Dividend Reinvestment and Common Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a factual compliance filing reporting a transaction resulting from a merger, thus it carries a neutral sentiment. It does not contain subjective language or performance assessments.

Positives

• The successful completion of the merger between Southern States Bancshares, Inc. and FB Financial Corp. is confirmed, indicating a strategic milestone for both entities.
• SSBK shareholders received shares in FB Financial Corp., a publicly traded entity, providing liquidity and continued equity participation in the combined company.

Future Outlook

No forward-looking statements or guidance are provided in this compliance filing.

Industry Context

The transaction reflects ongoing consolidation trends within the financial services and banking sectors, where smaller regional banks are often acquired by larger institutions to expand market reach and achieve economies of scale.

Stakeholder Impact

• Shareholders of Southern States Bancshares, Inc. have had their shares converted into FB Financial Corp. common stock, impacting their equity holdings and future investment performance based on FBK's stock.

Next Steps

• Integration of Southern States Bancshares, Inc. operations and assets into FB Financial Corp.

Key Dates

Keywords

Southern States Bancshares, SSBK, FB Financial Corp, FBK, Merger, Acquisition, Director, Share Disposition, Form 4, SEC Filing, Common Stock, Beneficial Ownership