SouthState Corporation completes acquisition of Independent Bank Group, Inc. in a $2 billion all-stock transaction
Acquiring Company
SouthState Corporation
Acquired Company
Independent Financial
Winter HavenMcKinneyFinancial ServicesFinanceBankingFinancial ServicesFinanceDescription
SouthState Corporation (NYSE: SSB) has entered into a definitive agreement to acquire Independent Bank Group, Inc. (NASDAQ: IBTX) in a strategic all-stock transaction valued at approximately $2 billion. The combined company will have pro forma total assets of $65 billion and a market capitalization of approximately $8.2 billion, creating significant opportunities for growth and expansion in the financial services industry.
Quick answer
SouthState Corporation is acquiring Independent Financial for $2 billion, announced May 20, 2024. SouthState Corporation is based in Winter Haven, Florida, United States.
- How much did SouthState Corporation pay for Independent Financial?
- The reported deal value is $2 billion.
- What does SouthState Corporation do?
- SouthState Corporation (NYSE: SSB) is a financial services company that operates through SouthState Bank.
- Where are SouthState Corporation and Independent Financial based?
- SouthState Corporation is based in Winter Haven, Florida, United States. Independent Financial is based in McKinney, Texas, United States.
- Who are the decision-makers at SouthState Corporation?
- Fundz holds 2 contacts at SouthState Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at SouthState Corporation, and when
When SouthState Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
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Frequently asked
Who acquired Independent Financial?
Independent Financial was acquired by SouthState Corporation, based in Winter Haven. The deal was reported on May 20, 2024. SouthState Corporation (NYSE: SSB) is a financial services company that operates through SouthState Bank. SouthState Corporation is privately held and operates in Financial Services.
When did SouthState Corporation acquire Independent Financial?
SouthState Corporation's acquisition of Independent Financial was reported on May 20, 2024. SouthState Corporation (NYSE: SSB) has entered into a definitive agreement to acquire Independent Bank Group, Inc. (NASDAQ: IBTX) in a strategic all-stock transaction valued at approximately $2 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Independent Financial do?
Independent Bank provides checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, eStatements, bank-by-mail, and direct deposit services. It is privately held, operating in Financial Services, and is based in McKinney.
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