SouthState Closes Merger with Atlantic Capital Bank
ATLANTA, March 1, 2022 /PRNewswire/ --SouthState Corporation (NASDAQ: SSB) ("SouthState" or the "Company") today announced the closing of its acquisition of Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) ("Atlantic Capital") through the merger of Atlantic Capital with and into SouthState.
- ATLANTA, March 1, 2022 /PRNewswire/ --SouthState Corporation (NASDAQ: SSB) ("SouthState" or the "Company") today announced the closing of its acquisition of Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) ("Atlantic Capital") through the merger of Atlantic Capital with and into SouthState.
- Immediately after that merger, Atlantic Capital's subsidiary bank, Atlantic Capital Bank, N.A.
- The Atlantic Capital executive leadership team will continue to serve the Atlantic Capital customers and the Atlanta community, most notably:
Douglas L. Williams, former Atlantic Capital CEO, now serves as president of Atlanta Banking Group & head of Corporate Banking. - In connection with the merger, the Company announced the appointment of two Atlantic Capital directors to the boards of SouthState and SouthState Bank.