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SouthState Corporation ( (SSB) ) has provided an announcement.
SouthState Corporation has completed its acquisition of Independent Bank Group, Inc., expanding its operations into Texas and Colorado and increasing its asset size to approximately $65 billion. The merger also led to the appointment of three Independent Financial directors to SouthState’s board, enhancing its strategic direction and governance structure. As a result of the merger, Independent Bank Group, Inc. will cease to exist as a separate legal entity, leading to the suspension of its common stock from NASDAQ and the deregistration of its securities.
More about SouthState Corporation
SouthState Corporation, headquartered in Winter Haven, Florida, is a financial services company with a nationally chartered bank subsidiary, SouthState Bank, N.A. The bank offers consumer, commercial, mortgage, and wealth management solutions to over 1.5 million customers across several states including Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, and Virginia, and also serves clients nationwide through its correspondent banking division.
Average Trading Volume: 551,795
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.59B
For detailed information about SSB stock, go to TipRanks’ Stock Analysis page.
