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By Chevon T. Baccus APR
Executive Editor 

CenterState Bank Announces Plans to Merge with South State Bank

Polk's John Corbett to Serve as CEO

 

Last updated 1/28/2020 at 5:36pm

bankingforward.com

South State's Robert Hill and CenterState's John Corbett

CenterState Bank and South State Bank have announced plans to merge, with John Corbett of Winter Haven to serve as Chief Executive Officer. Their combination will create a leading Southeastern-based regional bank with a market value of approximately $6 billion.

The combined company will operate under the South State name and trade on the Nasdaq stock market using the South State ticker symbol SSB. The company will be headquartered in Winter Haven, and will maintain a significant presence in Columbia and Charleston, SC, Charlotte, NC and Atlanta, GA.

According to their public announcement t...



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