Subsequent Events

9 Months Ended

Sep. 30, 2016

Subsequent Events

Subsequent Events

Note 22 – Subsequent Events

As previously announced, on June 16, 2016, SSB and SBFC entered into an agreement and plan of merger between the parent companies and the banks.  As of October 17, 2016, the Company received all regulatory approvals for the parent merger and the bank merger and on October 18, 2016, SSB and SBFC held their special shareholder meetings where both company’s shareholders approved the merger proposal.  Completion of mergers remain subject to remaining customary closing conditions and is expected to be completed on or around January 3, 2017.