Southern State and Center State to mix in Merger of Equals to generate Leading Southeast Regional Bank

Southern State and Center State to mix in Merger of Equals to generate Leading Southeast Regional Bank

Combined Company Positioned become a top Efficiency standard bank with roughly $34 Billion in Assets Serving 18 High Growth areas in six states that are southeastern

Merger produces the 8th premier Bank Headquartered within the Southeast

Economically Combination that is compelling for Businesses’ Investors

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Combines Two Low-Cost Deposit Bases with Over One Million Customers and a Well placed Branch system from Florida through Virginia

COLD TEMPERATURES 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 parent business of Southern State Bank, jointly established today they own entered in to a definitive contract under that your organizations will combine within an all-stock merger of equals with an overall total market worth of roughly $6 billion to create a prominent Southeastern-based bank that is regional.

(L-R) Robert R. Hill, Jr., South State Corporation CEO, and John C. Corbett, CEO of CenterState Bank, have actually established a merger of equals to create a number one Southeast local bank. (picture: Business Wire)
beneath the regards to the merger contract, that has been unanimously approved because of the panels of Directors of both businesses, CenterState investors will get 0.3001 stocks of Southern State stock that is common each share of CenterState typical stock they possess. Leer más «Southern State and Center State to mix in Merger of Equals to generate Leading Southeast Regional Bank»