Combined Company Positioned become a higher Efficiency lender 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 Compelling Blend for Both Businesses’ Investors

Combines Two Low-Cost Deposit Bases with Over One Million Customers and a Well placed Branch Network 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 moms and dad business of Southern State Bank, jointly established today they have entered as a definitive contract under that the businesses will combine within an all-stock merger of equals with an overall total market value of roughly $6 billion to create a respected Southeastern-based local 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 regional bank. (picture: company Wire)
beneath the regards to the merger contract, that has been unanimously approved because of the panels of Directors of both organizations, CenterState investors will get 0.3001 shares of Southern State typical stock for each share of CenterState typical stock they have. Read more