Southern States Bancshares to acquire East Alabama Financial Group

An Anniston-based bank with a presence in metro Birmingham has said it plans to acquire a Wedowee-based bank.

Southern States Bancshares Inc., parent company of Southern States Bank, will acquire East Alabama Financial Group Inc., parent company of Small Town Bank.

Post-merger, which is expected to be complete in the third quarter of 2019, the company will operate under the Southern States brand and have assets in excess of $1.2 billion.

Southern States operates in Calhoun, Lee, Jefferson, Talladega…

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