SouthState closes acquisition of Atlantic Capital; expands Atlanta market share

SouthState Bank Corp

Merger closed March 1, 2022; Atlantic Capital shareholders received 0.3600 SSB shares per ACBI share.
Total consideration ~7.4 million shares of SouthState common stock issued.
Combined company ranks 8th in Atlanta market share with $5B deposits.
Douglas L. Williams named president of Atlanta Banking Group & head of Corporate Banking; two Atlantic Capital directors added to board.
SouthState assumed $75M aggregate principal of 5.50% Fixed-to-Floating Subordinated Notes due 2030.

item 1.01 item 2.03 item 2.01 item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Rich Oglesby

President of the Atlanta Division

SSB · SouthState Bank Corp

Effective: 2022-03-01
Filed: March 1, 2022, 6:59 PM ET

Rich Oglesby, the President of the Atlanta Division of Atlantic Capital, will serve in the same position at SouthState Bank

Appointed

Douglas L. Williams

President of the Atlanta Banking Group and Head of Corporate Banking

SSB · SouthState Bank Corp

Effective: 2022-03-01
Filed: March 1, 2022, 6:59 PM ET

Douglas L. Williams, the current President and Chief Executive Officer of Atlantic Capital, will serve as the President of the Atlanta Banking Group and Head of Corporate Banking for SouthState Bank

Appointed

Kurt Shreiner

President of the Corporate Financial Services Division

SSB · SouthState Bank Corp

Effective: 2022-03-01
Filed: March 1, 2022, 6:59 PM ET

Kurt Shreiner, the President of the Corporate Financial Services Division of Atlantic Capital, will serve in the same position at SouthState Bank

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rich Oglesby was appointed as President of the Atlanta Division at SouthState Bank Corp.

Action: appointed
Role: President of the Atlanta Division

Exact text from the filing

Rich Oglesby, the President of the Atlanta Division of Atlantic Capital, will serve in the same position at SouthState Bank

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas L. Williams was appointed as President of the Atlanta Banking Group and Head of Corporate Banking at SouthState Bank Corp.

Action: appointed
Role: President of the Atlanta Banking Group and Head of Corporate Banking

Exact text from the filing

Douglas L. Williams, the current President and Chief Executive Officer of Atlantic Capital, will serve as the President of the Atlanta Banking Group and Head of Corporate Banking for SouthState Bank

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Shreiner was appointed as President of the Corporate Financial Services Division at SouthState Bank Corp.

Action: appointed
Role: President of the Corporate Financial Services Division

Exact text from the filing

Kurt Shreiner, the President of the Corporate Financial Services Division of Atlantic Capital, will serve in the same position at SouthState Bank

View on SEC.gov

SouthState Bank Corp filing history →

Source: SEC EDGAR

accession 0001558370-22-002462

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