SCHEDULE 13G: Floyd C. Davis Discloses 6.4% Stake in Southern States Bancshares, Inc.
Beneficial Ownership Report
Floyd C. Davis has filed a Schedule 13G, reporting beneficial ownership of 6.4% of Southern States Bancshares, Inc.'s common stock as of January 29, 2025.
Summary
- Floyd C. Davis beneficially owns an aggregate of 632,135 shares of Southern States Bancshares, Inc. Common Stock.
- This ownership represents 6.4% of the company's outstanding Common Stock, based on 9,889,260 shares outstanding as of December 31, 2024.
- Mr. Davis holds sole voting and dispositive power over 133,672 shares.
- He holds shared voting and dispositive power over 498,463 shares.
- The shared power includes 92,266 shares owned by his spouse, Angela G. Davis, and 406,197 shares held by the Floyd C. Davis Sr. Family Partnership L.P., for which Mr. Davis serves as trustee.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment. It is neutral.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates a significant individual ownership stake in Southern States Bancshares, Inc., a company operating in the banking and financial services sector. Such filings provide transparency regarding large shareholder positions, which can be of interest to other investors and market participants.
Related Party Transactions
- Floyd C. Davis's beneficial ownership includes shares held by his spouse, Angela G. Davis (92,266 shares), and shares held by the Floyd C. Davis Sr. Family Partnership L.P. (406,197 shares), for which Mr. Davis serves as trustee. These represent holdings by related parties over which Mr. Davis exercises shared voting and investment power.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual ownership stake, which can influence perceptions of insider confidence and control.
- Investors: Offers insight into the ownership structure and potential influence of a large individual shareholder.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date as of which the Issuer had 9,889,260 shares of Common Stock outstanding, used for beneficial ownership and voting percentage calculations. |
| 2025-01-29 | Date of event which requires filing of this statement and the filing date of the Schedule 13G. |
Keywords
Southern States Bancshares, Floyd C. Davis, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, SSBK, Banking, Financial Services
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