What bank did SouthState Bank merge with?
SouthState Bank and its parent holding company, SouthState Corporation, entered into a definitive agreement to merge with Independent Bank Group, Inc. in a massive all-stock transaction valued at approximately two billion dollars. This strategic combination created a powerful multi-state regional banking franchise with tens of billions in total assets, significantly expanding SouthState's presence into high-growth metropolitan markets across Texas and the Colorado Front Range alongside its established footprint throughout the Southeastern United States.
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