Brief: First Bank Of Alabama To Acquire Branches From Southern States Bank

Southern States Bancshares

23/05/2022 14:12

May 23 (Reuters) - Southern States Bancshares Inc  SSBK.O :
    * FIRST BANK OF ALABAMA TO ACQUIRE BRANCHES FROM SOUTHERN
STATES
BANK
    * SOUTHERN STATES BANCSHARES INC- FBA WILL ACQUIRE HEFLIN,
AL AND
RANBURNE, AL BRANCHES OF SOUTHERN STATES
    * SOUTHERN STATES BANCSHARES INC- UNDER TERMS OF DEAL FBA
WILL
ACQUIRE PHYSICAL LOCATIONS AND MOST OF LOAN AND DEPOSIT ACCOUNTS
ASSOCIATED WITH BRANCHES
    * SOUTHERN STATES BANCSHARES-AFTER DEAL COMPLETION,FBA TO
HAVE
TOTAL ASSETS IN EXCESS OF $920 MILLION, 12 FULL SERVICE
LOCATIONS ACROSS EAST CENTRAL ALABAMA

Source text for Eikon:  ID:nGNX1Q0nJl 
Further company coverage:  SSBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))