Combined Company Positioned become a higher Efficiency lender with around $34 Billion in Assets Serving 18 High development Markets in six Southeastern States
Merger produces the Largest that is 8th Bank into the Southeast
Economically Combination that is compelling for Businesses’ Shareholders
Combines Two Low-Cost Deposit Bases with Over One Million Customers and a Well placed Branch system from Florida through Virginia
WINTERTIME HAVEN, Fla. & COLUMBIA, S.C. –(COMPANY WIRE)– CenterState Bank Corporation (NASDAQ: CSFL) (“CenterState”), the moms and dad business of CenterState Bank, and South State Corporation (NASDAQ: SSB) (“South State”), the moms and dad business of Southern State Bank, jointly established today they have entered into a definitive contract under that the organizations will combine within an all-stock merger of equals with a complete market worth of around $6 billion to create a respected Southeastern-based bank that is regional.
(L-R) Robert R. Hill, Jr., Southern State Corporation CEO, and John C. Corbett, CEO of CenterState Bank, have actually announced a merger of equals to create a prominent Southeast bank that is regional. (picture: company Wire)