Southern States Bancshares, Inc.: insider trades · United States · SEC (Form 4)

About Southern States Bancshares, Inc.

Southern States Bancshares, Inc. was a U.S. bank holding company listed on the NASDAQ under the ticker SSBK, making it a financial-sector name in the United States equity market. Prior to its merger with FB Financial Corporation, completed on July 1, 2025, the company owned Southern States Bank, a commercial community bank headquartered in Anniston, Alabama. For French-speaking investors, the company was best understood as a Southeastern U.S. regional banking franchise focused on relationship banking rather than a national-scale institution. Its business model centered on traditional banking services: gathering deposits, making loans, and serving both commercial and retail customers. Southern States Bank described itself as a full-service community banking institution offering a broad range of banking and banking-related products and services to businesses and individuals in its local markets and surrounding areas. In practice, its core revenue engines were commercial lending, real estate lending, deposit products, and ancillary banking services. This is the profile of a classic regional bank: relatively concentrated geographically, but potentially strong in customer relationships, local underwriting, and community presence. Geographically, the franchise was concentrated in Alabama and Georgia. As of year-end 2024, the bank operated offices in Birmingham, Opelika, Auburn, Huntsville, Sylacauga, Wedowee, and Roanoke in Alabama, plus Columbus, Carrollton, Cartersville, Dallas, Newnan, and Rockmart in Georgia, along with two loan production offices in Atlanta. That footprint positioned Southern States as a niche regional player in the U.S. Southeast, with meaningful exposure to local economic conditions in those states. From a strategic standpoint, Southern States Bancshares competed in a crowded field of community and regional banks, where differentiation depends on deposit franchise stability, credit discipline, pricing power, and local execution. The company’s competitive positioning was rooted in proximity to customers, a commercial banking orientation, and a focus on small and mid-sized markets rather than a broad multi-state branch network. Its headquarters in Anniston, Alabama, reinforced that local-market identity. In terms of corporate history, Southern States Bancshares was a comparatively young bank holding company, built around its Alabama-based banking franchise and expanded into Georgia over time. Rather than pursuing an aggressive national strategy, it appeared to prioritize measured organic growth and selective market expansion within the Southeast. The most important recent event was the announced and then completed merger with FB Financial Corporation. The transaction closed on July 1, 2025, after regulatory approvals were received in June 2025, and Southern States’ shares stopped trading after the market close on June 30, 2025. For investors, this means SSBK is no longer an independent listed equity, and its operating story now sits inside FB Financial’s broader franchise. The deal is also a clear reminder of the ongoing consolidation trend among U.S. regional banks.