Southern States Bancshares agreed to acquire CBB Bancorp for $27m.

Southern States Bancshares, a community bank and parent of Southern States Bank, agreed to acquire CBB Bancorp, a banking service provider, for $27m. “This compelling merger with Century Bank will bolster our presence in Georgia and align perfectly with our strategic plan of pursuing disciplined M&A in high growth markets. We look forward to welcoming aboard Century Bank’s proven leadership and talented team of associates and helping them deliver an increased level of products and services across their highly attractive footprint. We believe Century Bank’s solid core deposit base and strong liquidity position will further strengthen the combined bank’s balance sheet and enhanced franchise value. Century Bank is a like-minded, community oriented franchise with a team of well-respected bankers, and we firmly believe that a partnership of our two companies will create value for our combined customers, employees, and stakeholders,” Mark A. Chambers, Southern States Bancshares President and CEO.