United Bancorporation of Alabama Repurchases Common Stock from KSOP

United Bancorporation of Alabama, Inc. Acquires Town-Country National Bank

March 16, 2021

Financial Services

United Bancorporation of Alabama, Inc. (United Bank) signed a definitive agreement to acquire Town-Country National Bank, a Camden, Alabama community bank with approximately $126.2 million in assets, for aggregate cash consideration of $28.5 million. Town-Country will rebrand as Town-Country United Bank and operate as a separate banking subsidiary; TCNB shareholders will receive cash consideration (with a portion paid as a special dividend) and the deal is expected to close in early Q3 2021 subject to shareholder and regulatory approvals.

Adams Resources & Energy Repurchases Shares From KSA Industries

October 31, 2022

Oil & Gas

Adams Resources & Energy repurchased 1,942,433 common shares (approximately 44.2% of outstanding shares) from KSA Industries and affiliated family members, funded with cash on hand and a new term loan. The transaction, which closed October 31, 2022, gives the company an effective control position and was accompanied by placement of a five-year $85 million credit facility led by Cadence Bank.

United Bankshares, Inc. Acquires Piedmont Bancorp, Inc.

May 10, 2024

Financial Services

United Bankshares, Inc. (UBSI) has entered into a definitive agreement to acquire Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, in an all-stock transaction valued at approximately $267 million. The deal will add Piedmont's ~16 Atlanta-area branches and ~$2.1 billion in assets to United's franchise, expanding United's footprint in the greater Atlanta market and increasing its presence across the Mid-Atlantic and Southeast.

Southern Missouri Bancorp Acquires Citizens Bancshares for $140M

September 20, 2022

Financial Services

Southern Missouri Bancorp Inc., the parent of Southern Bank, agreed to acquire Kansas City–based Citizens Bancshares Co. in a stock-and-cash transaction valued at approximately $140 million. The deal, unanimously approved by both boards, gives Citizens shareholders a choice of shares or $53.50 cash per share, will add 14 branches in Missouri and is expected to be accretive to Southern Missouri Bancorp's EPS over the following fiscal years, subject to customary approvals.

Atlantic Union Bankshares Completes Acquisition of Sandy Spring Bancorp, Inc.

April 1, 2025

Financial Services

Atlantic Union Bankshares Corporation completed its previously announced merger with Sandy Spring Bancorp, Inc., creating the largest regional banking franchise headquartered in the lower Mid-Atlantic. Under the terms of the deal, Sandy Spring shareholders received 0.900 shares of Atlantic Union common stock per Sandy Spring share, and the transaction had an implied aggregate value of approximately $1.3 billion based on Atlantic Union's March 31, 2025 closing price.

FB Financial Acquires Southern States Bancshares

June 30, 2025

Financial Services

FB Financial Corporation (parent of FirstBank) completed its merger with Southern States Bancshares, Inc., with Southern States shareholders receiving 0.800 shares of FB Financial common stock per share. The transaction implies an approximate equity value of $368.4 million and expands FB Financial's footprint into Alabama and Georgia; Southern States reported $2.9 billion in total assets as of March 31, 2025.