secwatch.observer — SEC 8-K summary
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Issuer:     SouthState Bank Corp (SSB)
CIK:        0000764038
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001558370-22-002462
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 2.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SouthState closes acquisition of Atlantic Capital; expands Atlanta market share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/0001558370-22-002462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764038/000155837022002462/ssb-20220301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002462

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