secwatch.observer — SEC 8-K summary
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Issuer:     SouthState Bank Corp (SSB)
CIK:        0000764038
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001558370-25-000006
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 2.01, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/0001558370-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764038/000155837025000006/ssb-20250102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000006

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