leadership
confidence high
sentiment neutral
materiality 0.50
SouthState appoints three IBTX directors to board effective at merger close
SouthState Bank Corp
- David R. Brooks (IBTX Chairman/CEO), G. Stacy Smith (IBTX Lead Independent Director), Janet Froetscher appointed.
- Board expanded from 12 to 15 members; appointments effective at merger close around Jan 1, 2025.
- Brooks and Smith appointments were a condition of the Merger Agreement signed May 17, 2024.
- Appointees will serve until 2025 annual meeting; shareholders will vote on one-year terms.