SOUTHERN STATES BANK COMPLETES CONVERSION OF SMALL TOWN BANK
ANNISTON, AL September 16, 2019 – Southern States Bancshares, Inc. (“Southern States Bank” or the “Company”) announced today that the acquisition and conversion of East Alabama Financial Group, Inc. (“East Alabama”), parent of Small Town Bank, is complete. The acquisition takes Southern States Bank’s assets to $1.2 billion and the locations to a total of 16 in Alabama and Georgia.
“I am pleased to welcome our new customers of the former Small Town Bank to Southern States Bank,” said Steve Whatley, Chairman and CEO of Southern States Bank. “Our COO Jack Swift, our Operations team and staff from our new locations worked hard to ensure that the conversion was seamless to our new customers.”
The conversion of the Small Town Bank accounts to Southern States Bank will offer its new customers a wide range of products and services, such as cash back accounts, no ATM fees, mobile banking with check deposit, debit card management app and much more.