SouthState Corporation adds Merriann Metz, Publix General Counsel and Chief Compliance Officer, to Board

Rhea-AI Summary

SouthState (NYSE: SSB) has appointed Merriann Metz to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A. Metz, 49, currently serves as general counsel, chief compliance officer, and corporate secretary for Publix Super Markets, Inc., a major retailer with over $50 billion in annual revenue and 1,376 store locations across eight states.

SouthState's CEO, John Corbett, expressed enthusiasm about Metz's addition, highlighting her experience in risk management, legal, and compliance functions at a large Florida-based company. Prior to joining Publix in 2006, Metz practiced law at an Orlando firm, focusing on commercial real estate and litigation. She is also actively involved in community service, having served as director and board chair of Easter Seals Florida, Inc.

Positive

• Addition of experienced executive Merriann Metz to the board of directors
• Metz brings expertise in risk management, legal, and compliance from a large retail
• Potential for valuable insights from Metz's experience with Publix, a $50 billion revenue company

Negative

• None.

News Market Reaction

+2.97%

1 alert

+2.97% News Effect

On the day this news was published, SSB gained 2.97%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WINTER HAVEN, Fla., July 25, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) announced today that Merriann Metz was appointed to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A.

Metz, 49, serves as general counsel, chief compliance officer, and corporate secretary for Publix Super Markets, Inc. ("Publix"), based in Lakeland, Florida. With over $50 billion in annual revenue and more than 250,000 employees, Publix operates 1,376 store locations across an eight-state footprint of Florida, Georgia, Alabama, the Carolinas, Tennessee, Virginia and Kentucky. 

"We are delighted to welcome Merriann to our company. Her experience leading the risk management, legal and compliance functions of one of the largest Florida-based companies will add a valuable perspective to our board." said John Corbett, SouthState's CEO.

Before joining Publix in 2006, Metz began her practice of law at Lowndes, Drosdick, Doster, Kantor and Reed, P.A., a law firm based in Orlando, Florida, where she focused on commercial real estate and related commercial litigation. Metz actively supports her community through service to various non-profit organizations and has served as director and board chair of Easter Seals Florida, Inc.

SouthState Corporation (NYSE: 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.

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SOURCE SouthState Corporation

FAQ

Who is the new board member appointed to SouthState (SSB)?

Merriann Metz, the general counsel, chief compliance officer, and corporate secretary of Publix Super Markets, Inc., has been appointed to the board of directors of SouthState and its bank subsidiary, SouthState Bank, N.A.

What is Merriann Metz's background and experience?

Merriann Metz, 49, has been with Publix since 2006 and currently serves as their general counsel, chief compliance officer, and corporate secretary. She previously practiced law at an Orlando firm, focusing on commercial real estate and litigation. Metz also has experience in community service, having served as director and board chair of Easter Seals Florida, Inc.

How might Merriann Metz's appointment benefit SouthState (SSB)?

Metz's appointment is expected to bring valuable perspective to SouthState's board, particularly in the areas of risk management, legal, and compliance functions. Her experience with Publix, a large Florida-based company with over $50 billion in annual revenue, could provide insights beneficial to SouthState's operations and strategy.