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SouthState Bank, based in Winter Haven, Florida, is an American bank based in Florida and a subsidiary of SouthState Corporation, a bank holding company. As of December 31, 2018, the company had 168 branches in South Carolina, North Carolina, Georgia, Florida, Alabama and Virginia. [1] First National Bank began in Orangeburg, South Carolina in
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Park Sterling Bank, was a bank based in Charlotte, North Carolina. It had $3.3 billion in assets [1] and branches in North and South Carolina, Virginia and Georgia. The parent company was Park Sterling Corp. (Nasdaq: PSTB). A merger with South State Bank was completed November 30, 2017. [2]
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South State (SSB) delivered earnings and revenue surprises of -29.31% and 9.62%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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In early 2010, Synovus consolidated thirty separate state bank charters into one Georgia charter and began the transition toward operating as a more centralized bank. [6] Beginning in late 2017 and ending in mid-2018, the company transitioned from 28 locally-branded divisions to a single Synovus brand.
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