Welcome to our dedicated page for Southstate Corporation news (Ticker: SSB), a resource for investors and traders seeking the latest updates and insights on Southstate Corporation stock.
SouthState Corporation (NYSE: SSB) news hub provides investors and financial professionals with centralized access to official press releases, regulatory filings, and market developments. Track this regional banking leader's strategic initiatives through earnings announcements, merger activity updates, and leadership changes.
This resource aggregates SSB's financial communications including quarterly results presentations, SEC filings, and corporate governance updates. Users gain timely insights into commercial banking expansions, wealth management innovations, and community development programs across the Southeast and newer Texas/Colorado markets.
Key content categories include earnings call transcripts, acquisition disclosures, regulatory compliance updates, and executive leadership announcements. Bookmark this page for streamlined monitoring of SSB's credit portfolio performance, dividend declarations, and strategic partnership developments.
For comprehensive tracking of SouthState's financial services evolution, revisit regularly for verified updates directly from corporate communications and authorized news sources. Combine this news feed with SEC filings for complete analysis of the company's community banking initiatives and regional economic impact.
SouthState (NYSE: SSB) will announce its second quarter 2024 earnings results on Wednesday, July 24, 2024, after the market closes.
Investors can access the results on SouthState's website under Investor Relations. A conference call to discuss the results will be held on Thursday, July 25, 2024, at 9:00 a.m. ET, hosted by CFO Will Matthews.
Dial-in numbers for the call include (888) 350-3899 for the US and (646) 960-0343 for other locations, with Conference ID 4200408. International participants can find additional numbers on the provided link. Pre-registration for the call is available online, and a live webcast will also be accessible through SouthState's website.
An audio replay will be available by the evening of July 25, 2024, on the Investor Relations section of the website.
Cantor Fitzgerald and Silverstein Properties have partnered with Turnbull Development for a new mixed-use development in Summerville, SC. The project, located in a qualified opportunity zone, includes 365 multifamily units and a 40,000-square-foot medical office building. The venture secured $54 million in construction financing from SouthState Bank. Construction is set to begin in July 2024, with the development offering amenities like a grocery store, retail spaces, a micro-hospital, a pickleball court, and a dog park. The project aims to foster a community-oriented environment, providing convenient access to jobs, public services, and recreational activities, while supporting the region's growth and demand for walkable communities.
SouthState Bank has announced the addition of seven new bankers to its expanding Georgia market. The Atlanta team gains three commercial bankers: Michel Odermatt, formerly with AIG Investments; John Jordan, previously at Truist; and Will Peter from Regions. Two premier private bankers, Dudley Stephens and Matt White, also join the Atlanta team. In Augusta, Chan O'Dell and Jason Thornton bring their extensive banking experience to the commercial relationship management team. This strategic move aims to bolster SouthState's market presence and enhance client services.
SouthState (NYSE: SSB) announced its agreement to acquire Texas-based Independent Bank Group (NASDAQ: IBTX) in an all-stock transaction valued at $2 billion. Independent Bank Group has $18.9 billion in assets, $15.7 billion in deposits, and $14.6 billion in loans. The merger will create a combined company with $65 billion in assets, $55 billion in deposits, and $48 billion in loans. Independent Bank Group shareholders will receive 0.60 shares of SouthState for each share of Independent Bank Group. The deal, approved by both boards, is expected to close by Q1 2025, pending regulatory and shareholder approvals.
SouthState Bank announced the retirement of Doug Williams, president of the Atlanta Banking Group, and the appointment of BJ Green and Chris Kamienski as his successors. Williams, after a 44-year career with SouthState, played a significant role in the Atlantic Capital merger. Green, with extensive commercial banking experience, will lead the Atlanta group, while Kamienski, a seasoned leader at SouthState, will oversee Commercial Banking and Consumer Banking. The company, traded as SouthState (NYSE: SSB), aims for growth in the region under new leadership.
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