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Southern State and Center State to mix in Merger of Equals to produce Southeast Regional that is leading Bank

May 27th, 2020

Combined Company Positioned become a top Performance standard bank with roughly $34 Billion in Assets Serving 18 High development areas in six Southeastern States

Merger Creates the Largest that is 8th Bank within the Southeast

Financially Combination that is compelling for Businesses’ Investors

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

WINTERTIME HAVEN, Fla. & COLUMBIA, S.C. –(BUSINESS 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 South State Bank, jointly established today they have entered in to a definitive contract under that your businesses will combine in a all-stock merger of equals with an overall total market worth of around $6 billion to create a number one Southeastern-based bank that is regional. » Read more: Southern State and Center State to mix in Merger of Equals to produce Southeast Regional that is leading Bank