 ANNISTON, Ala., Aug. 16, 2021 GLOBE NEWSWIRE -- Southern States Bancshares, Inc. NASDAQ: SSBK Southern States, the holding company for Southern States Bank, an Alabama state-chartered commercial bank the Bank, announced today the closing of its initial public offering of 996,429 shares of common stock by Southern States and 1,003,571 shares of common stock by certain selling stockholders, at a price to the public of 19.00 per share. Southern States received net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately 15.8 million. Southern States expects to use the net proceeds for general corporate purposes, including capital and liquidity to support its growth, and potential acquisitions of banks or closely related businesses. Southern States did not receive proceeds from the selling stockholders sale of common stock. Southern States common stock began trading on The NASDAQ Global Select Market under the symbol SSBK on Thursday, August 12, 2021. 