other_material
confidence high
sentiment neutral
materiality 0.35
SouthState completes redomicile to Florida, merges South Carolina entity into Florida entity
SouthState Bank Corp
- Effective Aug 31, 2025: each share of Old SSB common stock converted 1:1 into New SSB common stock; ticker SSB unchanged.
- New SSB assumed $175.9M trust preferred securities, $350M 7% sub debt due 2035, $130M 4% junior sub notes due 2030, and $175M 8.375% sub debentures due 2034.
- Officers and directors of Old SSB became officers and directors of New SSB effective immediately; governing law moved from South Carolina to Florida.
- Articles and bylaws of New SSB (Florida corporation) survive as governing documents; key differences between SCBCA and FBCA pre-disclosed in proxy statement.
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