South State Bank | banks in the United States

South State Bank, based in Winter Haven, Florida, is an American bank based in Florida and a subsidiary of South State Corporation, a bank holding company. As of December 31, 2018, the company had 168 branches in South Carolina, North Carolina, Georgia, and Virginia.

First National Bank began in Orangeburg, South Carolina in 1933. In 2002, the bank changed its name to South Carolina Bank and Trust and moved its headquarters to Columbia, South Carolina. As of 2013, 240 people still worked in Orangeburg. SCBT added offices in the Greenville, South Carolina area as well. First National Corp. changed its name to SCBT Financial Corp. in 2003. The bank was South Carolina’s fourth-largest with $1 billion in assets.

 

South State Bank | banks in the United States

 

South State Bank | banks in the United States

On November 30, 2007, SCBT Financial Corp. completed its acquisition of TSB Financial Corporation and its bank The Scottish Bank, giving SCBT four Charlotte, North Carolina locations and a loan production office in Cornelius, North Carolina. The five locations changed their names to North Carolina Bank and Trust, or NCBT.

In 2013, SCBT Financial Corp. announced a merger with First Financial Holdings of Charleston, started in 1934, which had 66 Carolinas locations and was the third-largest financial institution with headquarters in South Carolina. SCBT had 82 locations in 19 counties in South Carolina,

 

South State Bank | banks in the United States

 

10 counties in north Georgia, two counties on the Georgia coast, and Mecklenburg County in North Carolina. SCBT president and CEO Robert R. Hill Jr. would remain as CEO, and chair Robert R. Horger would be chair. First Financial President and CEO R. Wayne Hall would become president of the merged company, and First Financial chair Paula Harper Bethea would be vice-chair.

The $447 million deal for First Financial was the biggest ever for SCBT Financial, which became the owner of five banks—SCBT; First Federal Bank of Charleston; NCBT of Charlotte, North Carolina; Community Bank & Trust of Cornelia, Georgia; and the Savannah Bank of coastal Georgia. In 2014, SCBT Financial became South State Corporation and in June 2014 SCBT became South State Bank and First Federal did the same in July.

The merger added coastal South Carolina branches to the Midlands and Upstate and gave the bank $8 billion in assets. A former Kroger in North Charleston was converted and expanded in the 1980s for First Federal’s back-office operations, and it was large enough for the merged company, as other tenants moved out when the time came to do so. Also, in August, South State took over 13 Bank of America branches in areas it did not serve.

 

South State Bank | banks in the United States

 

On January 4, 2017, South State announced the completion of a deal valued at about $335 million for Augusta, Georgia-based Southeastern Bank Financial Corp., which gave South State nine Georgia Bank & Trust branches and three Southern Bank & Trust branches in South Carolina.

On April 27, 2017, South State Corp. agreed to acquire Park Sterling Corp. of Charlotte, North Carolina, for $690.8 million. The deal was completed on November 30, 2017, with signs changed in April 2018. South State added 43 branches, five in Georgia, 23 in South Carolina, 17 in North Carolina, and eight in Virginia.

On June 8, 2020, South State completed a merger with CenterState Bank. The new bank will keep the South State name, but move its headquarters to Winter Haven, Florida. The combined bank has $34 billion in assets.

 

South State Bank | banks in the United States

 

Southgate is committed to providing employment opportunities for qualified individuals from all walks of life. We serve diverse communities, and we want our team members to reflect the cultures and ways of life of our customers.

We begin with recruitment practices that seek out talented individuals. We coordinate with regional leaders in major metropolitan markets, as well as Historically Black Colleges and Universities. These practices help us grow our diverse pool of talent from which to train and promote.

Whether they’ve recently joined the Bank or have been a banker with us for years, our employees understand the need to create an atmosphere of acceptance that celebrates each employee’s strengths and differences.

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