“We’re pleased to have received swift regulatory approval for the merger between FB Financial and Southern States,” said Christopher T. Holmes, President and CEO of FB Financial. “Both institutions share a deep commitment to community banking, and we’re excited about bringing our teams together to continue delivering long-term value for our customers, associates, shareholders, and communities.”
The companies anticipate the transaction to close on July 1, 2025, with systems conversion expected to follow during the third quarter of 2025. As of March 31, 2025, Southern States reported total assets of $2.9 billion, loans of $2.3 billion, and deposits of $2.4 billion, and FB Financial reported total assets of $13.1 billion, loans of $9.9 billion, and deposits of $11.2 billion.
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