 | |
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | June 30, 2000; 25 years ago (2000-06-30) as CenterState Bank |
| Headquarters | Winter Haven, Florida, U.S. |
Number of locations | 371branches |
Area served | South Carolina North Carolina Georgia Alabama Virginia Florida Colorado Texas |
Key people | Robert R. Horger (chairman) John Corbett (CEO) Will Matthews (CFO) |
| Services | Financial services |
 US$534.8 million (2024) | |
| Total assets | US$46.4 billion (2024) |
| Total equity | US$5.9 billion (2024) |
Number of employees | 5,100 (2024) |
| Website | southstatebank |
| Footnotes / references [1][2] | |
SouthState Bank, based inWinter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, abank holding company. As of May 26, 2025, the company had 371branches inSouth Carolina,North Carolina,Georgia,Florida,Alabama,Virginia,Colorado andTexas.[2]
First National Bank began inOrangeburg, South Carolina in 1933. In 2002, the bank changed its name to South Carolina Bank and Trust and moved its headquarters toColumbia, South Carolina. As of 2013, 240 people still worked in Orangeburg.[3] SCBT added offices in theGreenville, South Carolina area as well. First National Corp. changed its name to SCBT Financial Corp. in 2003. The bank was South Carolina's fourth largest with $1 billion in assets.[4]
On November 30, 2007, SCBT Financial Corp. completed its acquisition of TSB Financial Corporation and its bank The Scottish Bank, giving SCBT fourCharlotte, North Carolina locations and a loan production office inCornelius, North Carolina.[5] The five locations changed their names to North Carolina Bank and Trust, or NCBT.[6]
In 2013, SCBT Financial Corp. announced a merger with First Financial Holdings ofCharleston, started in 1934, which had 66 Carolinas locations and was the third-largest financial institution with headquarters in South Carolina. SCBT had 82 locations in 19 counties in South Carolina, 10 counties in northGeorgia, two counties on the Georgia coast and inMecklenburg County inNorth Carolina. SCBT president and CEO Robert R. Hill Jr. would remain as CEO, and chair Robert R. Horger would be chair. First Financial president and CEO R. Wayne Hall would become president of the merged company, and First Financial chair Paula Harper Bethea would be vice chair.[3]
The $447 million deal for First Financial was the biggest ever for SCBT Financial, which became the owner of five banks—SCBT; First Federal Bank of Charleston; NCBT of Charlotte, North Carolina; Community Bank & Trust ofCornelia, Georgia; and theSavannah Bank of coastal Georgia. In 2014, SCBT Financial became SouthState Corporation and in June 2014 SCBT became SouthState Bank and First Federal did the same in July.[7] The merger added coastal South Carolina branches to the Midlands andUpstate and gave the bank $8 billion in assets. A formerKroger inNorth Charleston was converted and expanded in the 1980s for First Federal's back office operations, and it was large enough for the merged company, as other tenants moved out when the time came to do so. Also, in August, SouthState took over 13Bank of America branches in areas it did not serve.[8]
On January 4, 2017, SouthState announced completion of a deal valued at about $335 million forAugusta, Georgia-based Southeastern Bank Financial Corp., which gave SouthState nine Georgia Bank & Trust branches and three Southern Bank & Trust branches in South Carolina.[9]
On April 27, 2017, SouthState Corp. agreed to acquirePark Sterling Corp. of Charlotte, North Carolina, for $690.8 million.[10] The deal was completed November 30, 2017 with signs changed in April 2018. SouthState added 43 branches, five in Georgia, 23 in South Carolina, 17 in North Carolina and 8 in Virginia.[11]
On June 8, 2020, SouthState completed a merger with CenterState Bank. The new bank will keep the SouthState name, but move its headquarters toWinter Haven,Florida. The combined bank has $34 billion in assets.[12]
On May 20, 2024, SouthState Corporation agreed to acquire Independent Bank Group, based inMcKinney,Texas for approximately $2 billion in an all-stock transaction.[13] The transaction took effect on January 1, 2025, adding 92 branches in Texas and Colorado.[1]