About South State Bank
South State Bank is a company based in Charleston (United States) founded in 1934.. The company has 4,990 employees as of December 31, 2024. South State Bank has completed 3 acquisitions, including Duncan-Williams, Independent Bank and Park Sterling Bank. South State Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Charleston, United States
- Employees 4990 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Southstate Bank Corporation
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Annual Revenue
$3.53 B0as on Dec 31, 2025
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Net Profit
$798.67 M0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
4990
as on Dec 31, 2024
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Investments & Acquisitions
Duncan-Williams
& 2 more
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IPO & Listings of South State Bank
South State Bank is a publicly listed company on the NYSE with ticker symbol SSB in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
286 people
Software Development Team
78 people
Sales and Marketing
28 people
Commercial Team
27 people
Mortgage Team
16 people
Finance and Accounting
14 people
Operations Team
12 people
Senior Team
12 people
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Funding Insights of South State Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2011 | Amount | Grant - South State Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in South State Bank
South State Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by South State Bank
South State Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Duncan-Williams, Independent Bank and Park Sterling Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are provided to businesses and institutions.
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2006 | ||||
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Capital raising services are offered by the investment banking firm.
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1969 | ||||
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Commercial banking services are provided in the United States.
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1913 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - South State Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
South State Bank Comparisons
Competitors of South State Bank
South State Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on South State Bank
Frequently Asked Questions about South State Bank
When was South State Bank founded?
South State Bank was founded in 1934 and raised its 1st funding round 77 years after it was founded.
Where is South State Bank located?
South State Bank is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
How many employees does South State Bank have?
As of Dec 31, 2024, the latest employee count at South State Bank is 4,990.
What is the annual revenue of South State Bank?
Annual revenue of South State Bank is $3.53B as on Dec 31, 2025.
What does South State Bank do?
South State Bank was founded in 1934 and is headquartered in Charleston, South Carolina. As a regional commercial bank, various deposit, lending, and wealth management services are offered to businesses and individuals across multiple states in the Southeast. Operations focus on community-oriented banking with a network of branches. In 2022, annual revenues of 1.88 billion were recorded, alongside a net profit of 0.54 billion.
Who are the top competitors of South State Bank?
Is South State Bank publicly traded?
Yes, South State Bank is publicly traded on NYSE under the ticker symbol SSB.
How many acquisitions has South State Bank made?
South State Bank has made 3 acquisitions, including Duncan-Williams, Independent Bank, and Park Sterling Bank.
Who are South State Bank's investors?
South State Bank has 1 investor. Key investors include U.S. Department of the Treasury.
What is South State Bank's ticker symbol?
The ticker symbol of South State Bank is SSB on NYSE.