Southern States Bancshares, Inc. (SSBK)

25.90 +0.33 (+1.31%) At close: 04:00PM EDT

Southern States Bancshares, Inc.

615 Quintard Avenue
Anniston, AL 36201
United States
256 241 1092
https://southernstatesbank.net

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 181

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Mark A. Chambers	CEO, President & Director	840.67k	N/A	1965
Ms. Lynn J. Joyce	Senior EVP & CFO	608.65k	N/A	1964
Mr. Gregory B. Smith	Senior EVP & Chief Risk Officer	602.92k	N/A	1964
Mr. James W. Swift	Senior EVP & COO	N/A	N/A	1962
Garnet Reynolds	President of Coweta & Fayette Counties, GA	N/A	N/A	N/A
Ms. Kelly M. Parkinson	Corporate Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. It offers real estate loan products, including loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

Corporate governance

Southern States Bancshares, Inc.’s ISS governance QualityScore as of 1 May 2024 is 7. The pillar scores are Audit: 3; Board: 9; Shareholder rights: 7; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.