---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000006"
form_type: "8-K"
ticker: "SSB"
cik: "0000764038"
company_name: "SouthState Bank Corp"
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T19:13:36.047380+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SouthState closes acquisition of Independent Financial for ~24.9M shares; expands into TX and CO

## Summary
- Merger completed Jan 1, 2025; combined assets ~$65B; expands presence in Texas and enters Colorado.
- IBTX shareholders received 0.60 SSB shares per share; no fractional shares issued.
- Assumed $57.3M trust preferred, $130M 4.00% sub notes due 2030, and $175M 8.375% sub debentures due 2034.
- Appointed three IBTX directors to SouthState board: David Brooks, Janet Froetscher, and G. Stacy Smith.
- Q4 2024 earnings release scheduled for Jan 23, 2025; conference call Jan 24 at 9:00 a.m. ET.

## SEC filing metadata
- accession: 0001558370-25-000006
- form_type: 8-K
- ticker: SSB
- cik: 0000764038
- company_name: SouthState Bank Corp
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/0001558370-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/ssb-20250102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000006
- JSON: https://secwatch.observer/filing/0001558370-25-000006.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000006.txt

## Key facts
- Executive change
  G. Stacy Smith was appointed as Director at SouthState Bank Corp.
  - Action: appointed
  - Role: Director
  source text: the board of directors of the Company (the “Board”) unanimously approved the appointments of David R. Brooks, the current Chairman and Chief Executive Officer of IBTX, G. Stacy Smith, the current Lead Independent Director of IBTX, and Janet Froetscher (collectively the “IBTX Directors”) to the Board (as well as the board of directors of SouthState Bank), effective as of the Effective Time in accordance with the terms of the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/0001558370-25-000006-index.htm
- Executive change
  Janet Froetscher was appointed as Director at SouthState Bank Corp.
  - Action: appointed
  - Role: Director
  source text: the board of directors of the Company (the “Board”) unanimously approved the appointments of David R. Brooks, the current Chairman and Chief Executive Officer of IBTX, G. Stacy Smith, the current Lead Independent Director of IBTX, and Janet Froetscher (collectively the “IBTX Directors”) to the Board (as well as the board of directors of SouthState Bank), effective as of the Effective Time in accordance with the terms of the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/0001558370-25-000006-index.htm
- Executive change
  David R. Brooks was appointed as Director at SouthState Bank Corp.
  - Action: appointed
  - Role: Director
  source text: the board of directors of the Company (the “Board”) unanimously approved the appointments of David R. Brooks, the current Chairman and Chief Executive Officer of IBTX, G. Stacy Smith, the current Lead Independent Director of IBTX, and Janet Froetscher (collectively the “IBTX Directors”) to the Board (as well as the board of directors of SouthState Bank), effective as of the Effective Time in accordance with the terms of the Merger Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/0001558370-25-000006-index.htm

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