SouthState Builds PayTech and Private Capital Solutions Team

Rhea-AI Summary

SouthState Bank announced the addition of experienced professionals to its Payments Technology and Private Capital Solutions teams to better serve its growing customer base. The new team members bring extensive experience from reputable financial institutions and are expected to contribute to the bank's focus on providing advanced solutions and private fund financing to its clients.

ATLANTA, Nov. 7, 2023 /PRNewswire/ -- SouthState Bank today announced several additions to its Payments Technology and Private Capital Solutions teams to serve its growing customer base.

"A primary focus at SouthState is making sure our customers have the most advanced payments and technology solutions for their business, as well as access to private fund financing," said Kurt Shreiner, president, Corporate Financial Services Division. "We are pleased to have added such experienced talent to our team and look forward to leveraging the knowledge of these bankers to help our customers."

David Rauch – Payments and Technology Banking, senior vice president, Charlotte, North Carolina – has more than 30 years of experience at Wachovia and Wells Fargo. He brings a deep credit background with strong capital markets, treasury management and risk experience. He will take direct responsibility for SouthState's largest payments and technology clients.

Michael Fulton – Private Capital Solutions relationship manager, Raleigh, North Carolina – brings more than 18 years of banking experience, including 13 years with Square 1 and Signature Bank, to his role at SouthState. Fulton will focus on providing credit facilities and treasury management products to clients across the U.S.

Brittany Styron – Private Capital Solutions relationship manager, Morehead City, North Carolina – has extensive credit and underwriting skills, as well as a detailed knowledge of the nCino loan platform for commercial clients gained during nearly a decade in banking at Square 1 and Signature Bank.

Garrett Nagy –Payments and Technology relationship manager, Atlanta, Georgia – has more than five years of experience in payments banking, three of which have been with the Payments and Technology team at SouthState. Previously he was part of the FinTech banking team at MVB Bank.

SouthState Corporation (NASDAQ: SSB) is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division. Additional information is available at SouthStateBank.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/southstate-builds-paytech-and-private-capital-solutions-team-301980000.html

SOURCE SouthState Bank N.A.

FAQ

What is the focus of SouthState Bank's recent announcement?

SouthState Bank announced the addition of experienced professionals to its Payments Technology and Private Capital Solutions teams to better serve its growing customer base.

Who are the new team members added to SouthState Bank's Payments Technology and Private Capital Solutions teams?

The new team members are David Rauch, Michael Fulton, Brittany Styron, and Garrett Nagy.

What are the primary responsibilities of the new team members?

David Rauch will take direct responsibility for SouthState's largest payments and technology clients, Michael Fulton will focus on providing credit facilities and treasury management products to clients across the U.S., Brittany Styron has extensive credit and underwriting skills and knowledge of the nCino loan platform for commercial clients, and Garrett Nagy has experience in payments banking and the FinTech banking team.

Where is SouthState Bank headquartered and where does it provide its financial solutions?

SouthState Corporation is headquartered in Winter Haven, Florida, and provides consumer, commercial, mortgage, and wealth management solutions to customers throughout Florida, Alabama, Georgia, the Carolinas, and Virginia.