South State and Center State to mix in Merger of Equals to generate Leading Southeast Regional Bank

South State and Center State to mix in Merger of Equals to generate Leading Southeast Regional Bank

Combined Company Positioned to be a higher Efficiency standard bank with more or less $34 Billion in Assets Serving 18 High development areas in six states that are southeastern

Merger produces the 8th premier Bank Headquartered into the Southeast

Economically Combination that is compelling for Businesses’ Investors

Combines Two Low-Cost Deposit Bases with Over One Million Customers and a Well placed Branch system from Florida through Virginia

COLD WEATHER HAVEN, Fla. & COLUMBIA, S.C. –(BUSINESS WIRE)– CenterState Bank Corporation (NASDAQ: CSFL) (“CenterState”), the moms and dad business of CenterState Bank, and Southern State Corporation (NASDAQ: SSB) (“South State”), the moms and dad company of Southern State Bank, jointly established today they’ve entered in to a definitive agreement under that the businesses will combine in a all-stock merger of equals with a complete market value of about $6 billion to create a number one Southeastern-based bank that is regional.

(L-R) Robert R. money mutual Hill, Jr., Southern State Corporation CEO, and John C. Corbett, CEO of CenterState Bank, have actually established a merger of equals to create a prominent Southeast local bank. (picture: company Wire)
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