SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Southern States Bancshares, Inc. (Nasdaq – SSBK)
BALA CYNWYD – April 24, 2025/Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Southern States Bancshares, Inc. (“Southern States” or the “Company”) (Nasdaq – SSBK) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to FB Financial Corporation (“FB Financial”) (NYSE – FBK). Under the terms of the all-stock transaction, Southern States shareholders will receive 0.800 shares of FB Financial common stock for each share of Southern States stock. Based on FB Financial’s closing stock price of $47.05 per share as of March 28, 2025, the implied transaction value is approximately $37.64 per Southern States share, or $381 million, in the aggregate.
The investigation concerns whether the Southern States Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
If you own shares of Southern States stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.