|Magnolia, Ark.-based Magnolia Banking Corp. unit Farmers Bank & Trust Co. has agreed to acquire Malvern, Ark.-based Southern State Bancshares Inc. Magnolia Banking Corp. will enter Saline County, Ark. with 1 branch to be ranked No. 11 with a 0.8% share of $743.0 million in total market deposits, and will enter Hot Spring County, Ark. with 2 branches to be ranked No. 4 with a 15.7% share of $410.6 million in total market deposits. Ratios are based on June 30, 2007 small parent Equity and LTM Net Income of $6,952,000 and $667,000, respectively.