Southern State Bancshares plans IPO, Jones steps down at United Bank

Southern State Bancshares plans IPO
Southern State Bancshares, an Alabama-based bank with 15 branches in Alabama and Georgia, filed with the SEC to raise up to $35 million in an initial IPO. It plans to list on the Nasdaq under the symbol SSBK.  – Renaissance Capital

Jones steps down at United Bank
Bob Jones, president and CEO for United Bank, has stepped down for personal reasons. Mike Vincent will serve as interim president and will continue to serve as chief credit officer.  – The Atmore Advance

DeSoto State Park adds more than 150 acres
The Alabama Department of Conservation and Natural Resources has purchased a 157-acre tract of land along Little River near the falls area, and that land will become part of DeSoto State Park. The acquisition is known as the Little River West Fork Tract. – WHNT 19 

New development team tackling Brookwood Village
A new development team is stepping and taking steps to acquire Birmingham’s Brookwood Village for a redevelopment project. Fairway – Brookwood LLC is registered to the Thompson Development Co. Colliers Alabama and Arlington Properties decided to back out of an earlier deal. – Fox 6

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