Notice of Application for Merger of Bank Holding Companies
Southern States Bancshares, Inc. located at 615 Quintard Avenue, Anniston, AL 36201 has applied to the Federal Reserve Board for permission to merge with East Alabama Financial Group, Inc. (“EAFG”), located at 117 Main Street South, Wedowee, AL 36278, with Southern States Bancshares, Inc. as the surviving entity. As a result of the merger, Southern States Bancshares, Inc. intends to acquire control of EAFG’s wholly owned subsidiary, Small Town Bank, and to merge Small Town Bank with and into Southern States Bank. The Federal Reserve considers a number of factors in deciding whether to approve the application, including the record of performance of banks we own in helping to meet local credit needs.
You are invited to submit comments in writing on this application to the Federal Reserve Bank of Atlanta, 1000 Peachtree Street N.E., Atlanta, Georgia 30309-4470. The comment period will not end before August 2, 2019 and may be somewhat longer. The Board’s procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the application, contact Kathryn Haney, Assistant Vice President, at (404) 498-7298. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period.