Did First Savings Bank get bought out?
Yes, FB Financial Corporation, the parent company of FirstBank, completed its merger with Southern States Bancshares, Inc., the parent company of Southern States Bank, on July 1, 2025. This transaction was a significant milestone for both companies, valued at approximately $368.4 million. By joining forces, FirstBank was able to expand its reach and service capabilities in the communities where Southern States Bank had established a history of service. The shares of Southern States ceased trading shortly after the merger, and the combined entity moved forward under the FirstBank organizational structure, aiming to deliver long-term value to its customers, associates, and shareholders through a larger and more robust network of financial services.
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First Savings Bank operates as a fully regulated, legally chartered financial institution whose customer deposits are protected by the Federal Deposit Insurance Corporation (FDIC).
First Savings Bank is an authentic, fully regulated, and legally chartered commercial banking institution operating within the United States.