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AI brief of an SEC Form 8-K · FB Financial (FBK)

FB Financial agrees to merge with Southern States Bancshares in $381 million stock deal

Neutral Impact 5 of 5 m&a Written later

FB Financial Corporation and Southern States Bancshares signed a merger agreement on March 31, 2025, under which Southern States will merge into FB Financial. Southern States shareholders will receive 0.80 FB Financial shares for each share they hold, with the joint press release putting the implied value at about $381 million based on FB Financial's $47.05 closing price on March 28, 2025. The deal requires regulatory approvals and shareholder votes at both companies, and is expected to close late in the third quarter or early in the fourth quarter of 2025.

Key points

  • Southern States shareholders receive 0.80 FB Financial shares per share, an implied $37.64 per share or $381 million in aggregate based on the March 28, 2025 closing price of $47.05
  • Southern States reported total assets of $2.8 billion, loans of $2.2 billion and deposits of $2.4 billion as of December 31, 2024
  • Termination fee of $15 million payable by Southern States in certain circumstances, and the same amount payable by FB Financial in certain circumstances
  • Expected to close late in the third quarter or early in the fourth quarter of 2025, subject to regulatory and shareholder approvals

The filing

CompanyFB Financial (FBK)
Form8-K, current report
Filed with the SECMar 31, 2025, 7:03 AM ET
Accession number0001649749-25-000069

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.