Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Insights from the Hublestation on Indian Finance Leaders: Advancing Sustainable Finance and Capital Optimization for Growth – DBS Global Survey

September 6, 2025

The pros and cons of utilizing AI for financial management

September 5, 2025

Tech Giants: Google, Intel, AMD, Meta, Quantum Innovations, and Finance

September 5, 2025

Strategic Consequences of Concentrated Efforts and the Bella Market Amid Partnership Rumors

September 5, 2025
Facebook X (Twitter) Instagram
Trending
  • Insights from the Hublestation on Indian Finance Leaders: Advancing Sustainable Finance and Capital Optimization for Growth – DBS Global Survey
  • The pros and cons of utilizing AI for financial management
  • Tech Giants: Google, Intel, AMD, Meta, Quantum Innovations, and Finance
  • Strategic Consequences of Concentrated Efforts and the Bella Market Amid Partnership Rumors
  • Weak guidance reveals a setback in AI adoption within Salesforce, leading to a decline in stock after hours, as monetization of AI is progressing slower than anticipated. Here’s the latest update from 24 hours ago.
  • Overview of the Size, Trends, Growth Drivers, and Key Players in India’s Fintech Sector
  • Biden 2.0 Rising? Trump’s brief attack seeks to dispel health rumors, while the far right suggests that issues are evident.
  • The pros and cons of utilizing AI for financial management – Newspressnow.com
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Klarna IPO Valuation Analysis in the US Banking Sector

    September 2, 2025

    Robinhood’s IA Investing Tool Digests Launches in the UK

    August 27, 2025

    JMJ Fintech experiences fluctuations despite robust recent financial results and growth strategies

    August 16, 2025

    Revolutionizing Financial Independence through Cryptocurrency Adoption

    August 16, 2025

    Reasons Robinhood is poised for long-term growth in the evolving FinTech and cryptocurrency sectors.

    August 16, 2025
  • AI

    Insights from the Hublestation on Indian Finance Leaders: Advancing Sustainable Finance and Capital Optimization for Growth – DBS Global Survey

    September 6, 2025

    The pros and cons of utilizing AI for financial management

    September 5, 2025

    Tech Giants: Google, Intel, AMD, Meta, Quantum Innovations, and Finance

    September 5, 2025

    Weak guidance reveals a setback in AI adoption within Salesforce, leading to a decline in stock after hours, as monetization of AI is progressing slower than anticipated. Here’s the latest update from 24 hours ago.

    September 5, 2025

    The pros and cons of utilizing AI for financial management – Newspressnow.com

    September 5, 2025
  • Acquisitions

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025

    The funding strategy for the Fintech company is secured.

    July 31, 2025
  • Trends

    Overview of the Size, Trends, Growth Drivers, and Key Players in India’s Fintech Sector

    September 5, 2025

    SEF – Wits Global Fintech Conference 2025 Investigates Worldwide Fintech Trends

    September 4, 2025

    The impressive results of PB Fintech underscore the contrast with overall market trends.

    September 4, 2025

    South Korea’s Fintech Market Overview, Trends, and Growth Predictions

    August 30, 2025

    Vietnam’s fintech market projected to exceed 50 billion USD by 2030.

    August 21, 2025
  • Insights

    Kapital is the final unicorn in Mexico valued at over $1 billion.

    September 5, 2025

    Canton RestitySteve Forbes and Peter Schiff Headline New Fintech.tv Series Riding Bulls and Taming Bears Led by David Stryzewski New York, NY / Access Newswire / August 25, 2025 / Fintech.tv has unveiled the debut of Bulls and Taming Bears, a series focused on market analysis and…

    August 28, 2025

    Steve Forbes and Peter Schiff Launch New Fintech.tv Series “Conquering Market Fluctuations” by David Stryzewski – Azentral | The Republic of Arizona

    August 28, 2025

    Updates on Blockchain, Fintech, and Finance from Coinlaw

    August 26, 2025

    The German Finch grape addresses LMA issues following the bafin correction order.

    August 26, 2025
  • Rumors

    Strategic Consequences of Concentrated Efforts and the Bella Market Amid Partnership Rumors

    September 5, 2025

    Biden 2.0 Rising? Trump’s brief attack seeks to dispel health rumors, while the far right suggests that issues are evident.

    September 5, 2025

    Golden State Warriors aim to gain $40 million from Chicago Bulls star in Jonathan Kuminga sign-and-trade deal

    September 2, 2025

    Exclusive: IQSTEL Télécom -Fininch secures $35 million in July – IQSTEL (NASDAQ: IQST)

    August 28, 2025

    Zim discusses market speculation about a possible acquisition.

    August 27, 2025
  • Startups

    IRDAI reinforces stance: fintechs backed by venture capital are ineligible for insurance licenses.

    September 4, 2025

    Amazon finalizes the purchase of the fintech company Axio.

    September 4, 2025

    Fintech Venture Builder OT09 Revealed After Stealth Mode

    September 3, 2025

    Startup Fintech Wych secures $1.5 million to pursue its open banking initiative.

    September 3, 2025

    German fintech Tangany secures 10 million euros for blockchain digital asset custody

    September 2, 2025
  • finjobsly
fintechbits
Home » SouthState completes merger with Independent Financials
Corporate Acquisitions

SouthState completes merger with Independent Financials

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Ss If Merger Social 1200x630 1.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Expands Presence in Texas and Colorado and Appoints Three New Board Members

Winter Haven, Florida, January 2, 2025 / Prnewswire / – Southstate Corporation (NYSE: Ssb) ("Southstate" or the "Company") announced the successful completion of its acquisition of Independent Bank Group, Inc. (Nasdaq: Ibtx) ("Independent Financial") on January 1, 2025. As part of this merger, Independent Financial’s subsidiary, Independent Bank, also merged with Southstate Bank on the same date. This consolidation enhances the Company’s footprint in Texas and Colorado, increasing its total assets to around $65 billion.

"It has been a pleasure collaborating with the Independent Financial team since our initial announcement, and we are pleased to have finalized the transaction on schedule," stated John Corbett, Managing Director of Southstate. "Together, we will continue to advance our business with an entrepreneurial approach in some of the fastest-growing markets in the nation."

Following the merger, the Company revealed the addition of three Independent Financial board members to the boards of Southstate and Southstate Bank, raising the board sizes from 12 to 15 members.

David R. Brooks, formerly the president and CEO of Independent Financial, began his banking career in the 1980s and has been involved in community banking since leading the group that acquired Independent Bank in 1988. Brooks currently serves as president of Capital Southwest Corporation and was previously CFO at Baylor University from 2000 to 2004. In 2018, he was inducted into the Texas Bankers Hall of Fame.

Janet Froetscher, a former director at Independent Financial, currently presides over the JB and MK Pritzker Family Foundation, a private entity focused on innovative problem-solving strategies. From 2013 to 2016, she was the CEO of the Special Olympics, overseeing operations in over 170 countries. She also sits on the board of CBOE Global Markets.

G. Stacy Smith, the former chairman of Independent Financial, serves as the managing director of SCW Capital, LP, an investment firm specializing in financial and energy sectors since August 2013. He is also a co-founder of Trinity Investment Group and an advisor to EAW Energy Partners, focusing on oil and gas acquisitions.

Southstate Corporation (NYSE: Ssb) is a financial services firm headquartered in Winter Haven, Florida. Southstate Bank, the Company’s national chartered bank subsidiary, offers consumer, commercial, mortgage, and wealth management services to over 1.5 million clients in Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, and Virginia, as well as nationwide through its correspondent banking division. For more information, visit Southstatebank.com.

SOURCE: SOUTHSTATE CORPORATION

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The incident involving the Kaustubh Kulkarni movement in Moomoo

September 3, 2025

Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

September 2, 2025

Dentons guides PEAC Solutions in acquiring Fintech Topi

August 29, 2025
Leave A Reply Cancel Reply

Latest news

Insights from the Hublestation on Indian Finance Leaders: Advancing Sustainable Finance and Capital Optimization for Growth – DBS Global Survey

September 6, 2025

The pros and cons of utilizing AI for financial management

September 5, 2025

Tech Giants: Google, Intel, AMD, Meta, Quantum Innovations, and Finance

September 5, 2025
News
  • AI in Finance (1,582)
  • Breaking News (166)
  • Corporate Acquisitions (70)
  • Industry Trends (200)
  • Jobs Market News (305)
  • Market Insights (208)
  • Market Rumors (269)
  • Regulatory Updates (164)
  • Startup News (1,033)
  • Technology Innovations (170)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,582)
  • Breaking News (166)
  • Corporate Acquisitions (70)
  • Industry Trends (200)
  • Jobs Market News (305)
  • Market Insights (208)
  • Market Rumors (269)
  • Regulatory Updates (164)
  • Startup News (1,033)
  • Technology Innovations (170)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.