Our website uses cookies to ensure your online experience is as informative and relevant as possible. This replay, as well as the webcast, will be available through February 10, 2020 at 9:00 a.m. Eastern Time. Under the terms of the merger agreement, which was unanimously approved by the Boards of Directors of both companies, CenterState shareholders will receive 0.3001 shares of South State common stock for each share of CenterState common stock they own.

Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com. This website uses cookies to ensure you get the best experience on our website. For reprint and licensing requests for this article. All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of South State or CenterState to differ materially from any results expressed or implied by such forward-looking statements. Records: {{ totalRecords }}, Pages: {{ totalPages }}, PageNum: {{ pageNum }}. South State Bank and CenterState Bank, N.A. The new bank will trade under the South State ticker symbol SSB on the Nasdaq. Please visit bankingforward.com to learn more. LPL Financial Welcomes Eight Advisors after CenterState Bank, South State Bank Merger. CenterState Leadership To access the replay, dial 877-344-7529 and use conference number 10138864. International callers should dial 412-317-0088 and enter the same conference number. Additional information is available at SouthStateBank.com. Bank & Thrift Branch Deals . CenterState and South State disclaim any obligation and do not intend to update or revise any forward-looking statements contained in this communication, which speak only as of the date hereof, whether as a result of new information, future events or otherwise, except as required by federal securities laws. John C. Corbett, CEO of CenterState, will be CEO of the combined company. Piper Sandler and Wachtell, Lipton, Rosen & Katz advised South State.

have merged to become South State Bank, N.A.

Enhanced Scale to Drive Growth and Improve Profitability: The pro forma organization, with approximately $34 billion in assets and $26 billion in deposits, combines two high-quality companies with comparable credit and management philosophies. South State in Columbia, S.C., has agreed to merge with CenterState Banks in Winter Haven, Fla. (, This page was last edited on 6 November 2020, at 15:27. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS WHEN THEY BECOME AVAILABLE (AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE JOINT PROXY STATEMENT/PROSPECTUS) BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED MERGER AND RELATED MATTERS. South State Bank does not provide, and is not responsible for, the products, services, overall content, security or privacy policies on any extenal third-party site, … South State Bank and CenterState Bank, N.A. The deal is valued at $3.2 billion, based on the exchange ratio, CenterState’s shares outstanding and South State’s closing stock price on Friday. And they called on Washington to pass an aid package targeted at the most troubled business sectors as soon as it can. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by South State or CenterState through the website maintained by the SEC at https://www.sec.gov or by contacting the investor relations department of South State or CenterState at: South State Corporation Its owner is solely responsible for the website's content, offerings and level of security, so please refer to the website's posted privacy policy and terms of use. Get our blog articles delivered directly to your inbox! Additional factors which could affect future results of CenterState and South State can be found in South State’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, and CenterState’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, in each case filed with the SEC and available on the SEC’s website at https://www.sec.gov. Please refer to their privacy policy and terms of use for details. Yahoo fait partie de Verizon Media. Bank & Thrift Branch Deals. Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor to CenterState, with Davis Polk & Wardwell LLP serving as legal advisor. Renee Brooks, Chief Operating Officer

Secure Log In. An audio replay will be available beginning at 2:00 p.m. Eastern Time on January 27, 2020.

“As a result of our merger with CenterState, we are now able to provide trusted financial advice to clients in six Southeastern states, including Florida, Alabama, Georgia, the Carolinas and Virginia,” said Tim Sease, managing director, South State Investment Services. Disclaimer | Robert Hill Jr… In a year with the Paycheck Protection Program, big banks tap brakes on SBA lending; what debt collectors can and can't do under CFPB rule; a look at who might craft regulatory policy in a Biden administration; and more from this week's most-read stories. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. Oct. 22, 2020, 09:04 AM. LPL Financial Welcomes Eight Advisors after CenterState Bank, South State Bank Merger. John Corbett, CEO of CenterState, will be CEO of the combined company. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who overdraw their accounts. South State, CenterState and certain of their directors and executive officers may be deemed participants in the solicitation of proxies from the shareholders of each of South State and CenterState in connection with the merger. The advisors reported having served approximately $350 million in brokerage and advisory assets*. The lines are labeled with the year of the deal and color-coded from blue (older) to red (newer). South State Corporation is a financial services company headquartered in Columbia, South Carolina with approximately $15.9 billion in assets. Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. Partisan gridlock appears intact.

520 Gervais Street In addition to Robert Hill, Executive Chairman, and John Corbett, CEO, the executive team of the combined company will include three members from each legacy company. Before making any voting or investment decision, investors and security holders of South State and CenterState are urged to read carefully the entire registration statement and joint proxy statement/prospectus when they become available, including any amendments thereto, because they will contain important information about the proposed transaction. Your username is valid but has a problem. We appreciate your enthusiasm and hope you open many, many more accounts with us in the future. (863) 293-4710. Will Matthews, Chief Financial Officer

Dotted arrows point to the final merged entity.

The companies said they have identified $80 million in annual cost savings, or a tenth of total noninterest expenses, which should be fully phased in by 2022. Significant Earnings Per Share Accretion: The transaction is projected to deliver in excess of 20% EPS accretion to South State once cost saves are fully phased in, with minimal tangible book value dilution and a TBVPS earnback period of less than one year. These statements include, but are not limited to, statements about the benefits of the proposed merger of South State and CenterState, including future financial and operating results (including the anticipated impact of the transaction on South State’s and CenterState’s respective earnings and tangible book value), statements related to the expected timing of the completion of the merger, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. Each company will have eight directors on the board. Securities and insurance offered through LPL or its affiliates are: *Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Attention: Investor Relations (L-R) Robert R. Hill, Jr., South State Corporation CEO, and John C. Corbett, CEO of CenterState Bank, have announced a merger of equals to create a leading Southeast regional bank. With over $17 billion in assets, the Bank provides traditional retail, commercial, mortgage, wealth management and SBA services throughout its Florida, Georgia and Alabama branch network and customer relationships in neighboring states. This is a great combination of cultures, which will create tremendous value for our shareholders.”, “We have known and admired Robert and his team for over a decade, and we believe our two organizations are an outstanding fit,” said John C. Corbett, CEO of CenterState.

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