Merger • Financial Services

SouthState Acquires Park Sterling

On November 15, 2017, SouthState acquired financial services company Park Sterling

Acquisition Context

This is SouthState’s 1st transaction in the Financial Services sector.
This is SouthState’s 1st transaction in the United States.
This is SouthState’s 1st transaction in North Carolina.

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M&A Deal Summary
Date	November 15, 2017
Target	Park Sterling
Sector	Financial Services
Buyer(s)	SouthState
Deal Type	Merger

Target Company

Park Sterling

Charlotte, North Carolina, United States

Park Sterling Corporation, the holding company for Park Sterling Bank. Park Sterling, a regional, community-focused financial services company with approximately $2.3 billion in assets, is the largest community bank in the Charlotte area and has 53 banking offices stretching across the Carolinas and into North Georgia as well as a loan production office in the Greater Richmond region.

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Buyer Overview 1

Buyer

SouthState

Winter Haven, Florida, United States

Category	Company
Founded	1933
Sector	Financial Services
Employees	6,405
Revenue	1.7B USD (2024)

DESCRIPTION

SouthState is a holding company of South State Bank, and serves the financial needs of its local communities in 25 South Carolina counties, 15 Georgia counties and 4 North Carolina counties. SouthState was founded in 1933 and is based in Winter Haven, Florida.

Deal Context for Buyer	#
Overall	1 of 4
Sector: Financial Services	1 of 4
Type: Merger	1 of 3
State: North Carolina	1 of 1
Country: United States	1 of 4
Year: 2017	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-06-10	CenterState Bank Winter Haven, Florida, United States CenterState Bank is a provider of consumer and commercial banking services to individuals, businesses, and industries. CenterState Bank was established in 1999 and is based in Davenport, Florida.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-06-10

CenterState Bank

Winter Haven, Florida, United States

CenterState Bank is a provider of consumer and commercial banking services to individuals, businesses, and industries. CenterState Bank was established in 1999 and is based in Davenport, Florida.

Buy

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