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Agreement signedPublished 17 May 2024

Southern States /
CBB

Southern States to combine with CBB in bank merger

Buy side: Southern States
Buy sideSouthern States
Target: CBB
TargetCBB
Source · 17 May 2024Source-verified
See the source
Buy side: Southern States
Buy sideSouthern States
Target: CBB
TargetCBB
01 / BuyerSouthern States
02 / TargetCBB
Source-verified
01

What happened

Southern States and CBB have approved a merger agreement under which CBB will merge into Southern States, which will continue as the surviving entity. The agreement also provides for Century Bank to merge into Southern States Bank.

CBB shareholders may elect to receive 1.550 shares of Southern States common stock or $45.63 in cash for each share of CBB common stock.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Southern States to combine with CBB in bank merger

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

    The source this page is built from.

    Source-verified

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