---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-002462"
form_type: "8-K"
ticker: "SSB"
cik: "0000764038"
company_name: "SouthState Bank Corp"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:18:29.585521+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SouthState closes acquisition of Atlantic Capital; expands Atlanta market share

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-002462
- form_type: 8-K
- ticker: SSB
- cik: 0000764038
- company_name: SouthState Bank Corp
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/0001558370-22-002462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/ssb-20220301x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-002462
- JSON: https://secwatch.observer/filing/0001558370-22-002462.json
- Plain text: https://secwatch.observer/filing/0001558370-22-002462.txt

## Key facts
- Executive change
  Rich Oglesby was appointed as President of the Atlanta Division at SouthState Bank Corp.
  - Action: appointed
  - Role: President of the Atlanta Division
  source text: Rich Oglesby, the President of the Atlanta Division of Atlantic Capital, will serve in the same position at SouthState Bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/0001558370-22-002462-index.htm
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/0001558370-22-002462-index.htm
- Executive change
  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
  source text: Kurt Shreiner, the President of the Corporate Financial Services Division of Atlantic Capital, will serve in the same position at SouthState Bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/0001558370-22-002462-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.