Jones Walker advised Anniston, Alabama-based Southern States Bancshares Inc., the bank holding company for Southern States Bank, in an initial public offering totaling $38 million. The offering closed on August 16, 2021, and consists of 996,429 shares of common stock offered by Southern States and 1,003,571 shares of common stock offered by certain selling stockholders, at a price of $19 per share. Southern States expects to use the net proceeds it will receive for general corporate purposes, including capital and liquidity to support its growth, and potential acquisitions of banks or closely related businesses. Southern States is now listed on the Nasdaq under the symbol SSBK. The Jones Walker team was led by partners Mike Waters and Clint Smith and included Rob Carothers, Carley Tatman, and Liam Doolin.