Categories
Cash Central Login

Southern State and Center State to mix in Merger of Equals to produce Southeast Regional that is leading Bank

Southern State and Center State to mix in Merger of Equals to produce Southeast Regional that is leading Bank

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

Merger produces the Largest that is 8th Bank when you look at 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

WINTERTIME HAVEN, Fla. & COLUMBIA, S.C. –(COMPANY 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 business of Southern State Bank, jointly established today they have entered right into a definitive contract under that your businesses will combine within an all-stock merger of equals with a complete market value of roughly $6 billion to create a prominent Southeastern-based regional bank.

(L-R) Robert R. Hill, Jr., Southern State Corporation CEO, and John C. Corbett, CEO of CenterState Bank, have actually established a merger of equals to create a number one Southeast bank that is regional. (picture: company Wire)