South State Bank

Name

South State Bank

Legal name

SouthState Bank, N.A.

Website

https://southstatebank.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SouthState Bank is a publicly traded regional bank (NYSE: SSB) serving consumers, small businesses, and commercial clients across the southeastern and central U.S. with deposit, lending, mortgage, treasury, instant payments, tokenized deposits, and wealth management products.

Ownership category

akta.pro rank

Product category

Regional Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Bank-Affiliated Retail Wealth Management (FSAAAAAB)

Keywords

• Retail banking services
• Commercial lending
• Mortgage loans
• Treasury management
• Wealth management

Headquarters

HQ city

Winter Haven

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: Interest income from loan portfolio including mortgages, commercial loans, consumer loans, and HELOCs, offset by interest paid on deposits
2. Non-Interest Income: Fee income from deposit accounts, credit cards, wire transfers, overdraft fees, and other banking service charges
3. Wealth Management and Investment Services: Financial planning, investment management, and retirement planning services offered through partnership with LPL Financial
4. Mortgage Banking: Originates and services mortgage loans for home purchases and refinancing

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

SouthState Bank is a regional bank providing deposit products (checking, savings, money market, CDs, HSA), consumer lending (auto, personal, HELOC, recreational), a full residential mortgage suite (FHA, VA, USDA, Jumbo, Physician, Portfolio, SouthState Advantage), small business banking (loans, SBA lending, merchant services, lines of credit), commercial banking (Treasury Navigator treasury management, Instant Payments via FedNow/RTP, commercial lending, specialty banking including franchise finance), and wealth management delivered via a partnership with LPL Financial (financial planning, Guided Wealth Portfolios, Private Wealth). Revenue is generated primarily through net interest income on loans and deposits, fee income from deposit accounts and payment services, and commissions on wealth services.

Product overview

SouthState Bank operates as a regional bank offering a comprehensive suite of financial products and services across personal, small business, commercial, and wealth management segments. The core banking platform combines traditional deposit products (checking, savings, CDs) with lending services (consumer loans, mortgages, commercial financing) and digital banking tools. Treasury Navigator serves as the commercial banking platform for treasury management, while Investment Services are delivered through a partnership with LPL Financial. The product portfolio includes specialized mortgage programs (physician loans, jumbo mortgages, SouthState Advantage), specialty banking services (payments technology, franchise finance), and mobile/online banking capabilities. Products work together to serve customers from personal banking through commercial and wealth management needs.

Differentiator

Problem solved

Functional benefit

Brands

• Treasury Navigator: Online banking and treasury management platform for business customers
• Round Up to Save
• SouthState Investment Services
• Premier Private Client Group

Products and services

• Personal Checking Accounts A lineup of personal checking accounts for individual consumers spanning a free SouthState Checking (no monthly fee with eStatements), an interest-bearing Choice Checking, a premium Gold Checking for high balances, a low-cost Direct Checking with no overdraft services, and a Community Hero Checking for military, healthcare, law enforcement, and nonprofit (501(c)(3)) customers.
• Personal Savings, Money Market, HSA, and Certificates of Deposit Personal savings and time-deposit products for individual consumers to grow funds for emergency reserves, qualified medical expenses, and medium to long-term savings goals. Includes Personal Savings, Money Market, Health Savings Account paired with high-deductible health plans, and Certificates of Deposit (CDs) at locked-in interest rates.
• Visa Credit Cards (Personal) Unsecured and secured Visa credit cards offered to personal customers through Elan Financial Services, including cash back and rewards options, supporting digital wallet provisioning through Apple Pay, Google Pay, and Samsung Pay.
• Auto Loans New and used vehicle financing for individual consumers with competitive fixed rates, terms up to 84 months, $150 origination fee, and 0.65% rate discount for automatic payment enrollment. Used car loans support eligible model years 2023-2026.
• Personal Loans Fixed-rate personal loans for individual borrowers for major purchases, debt consolidation, or unexpected expenses, with amounts ranging from $3,000 to $50,000.
• Home Equity Line of Credit (HELOC) Revolving home equity line of credit using home equity for renovations, debt consolidation, or major purchases. Offers a 5.49% APR fixed promo for first 12 months transitioning to variable 6.75% APR (Prime+0), a variable rate from 7.25% APR (Prime+0.50%), and a 6.85% fixed-rate option over a 60-month term, with optional 100% bank-paid closing costs.
• Recreational Loans Financing for boats, motorcycles, and RVs with competitive rates and flexible terms for individual consumers.
• Residential Mortgage Loans (Conventional, FHA, VA, USDA, Adjustable-Rate, Fixed-Rate) Full suite of residential mortgages including conventional Fixed-Rate and Adjustable-Rate Mortgages, government-backed FHA loans for smaller down payments (popular with first-time buyers), VA loans offering up to 100% financing for eligible service members, and USDA rural development loans providing 100% financing for qualified borrowers in eligible areas.
• Construction and Renovation Loans Residential construction and renovation financing for individual borrowers building new homes or renovating existing properties.
• Lot Loans Land loans for purchasing building lots for residential use with competitive rates and amounts up to $1,500,000.
• Jumbo Mortgages Large mortgages for luxury and high-balance residential properties up to $10,000,000 with flexible fixed and adjustable rate options.
• Physician Loans Specialized mortgage financing for medical professionals (doctors, dentists, veterinarians) featuring up to 100% financing without private mortgage insurance.
• Portfolio Loans In-house mortgage financing with flexible guidelines, no PMI requirement, and local lending decisions for borrowers who may not fit standard agency guidelines.
• SouthState Advantage Mortgage Program First mortgage program offering up to 100% financing with no mortgage insurance required for qualified buyers, supporting low down-payment home purchases.
• Mobile and Online Banking Platform Digital banking platform available via web and iOS/Android mobile apps providing account management, bill payments, money transfers via Zelle, mobile check deposit, account alerts, and digital wallet provisioning through Apple Pay, Google Pay, and Samsung Pay.
• SBA Loans Small Business Administration (SBA) loans ranging from $50,000 to $350,000 for small business growth and expansion, supported by dedicated small business bankers.
• Small Business Loans and Lines of Credit Small business borrowing products including loans and lines of credit, real estate loans, letters of credit, and the Business Lending Express expedited program. Integrated with QuickBooks and Quicken for business accounting.
• Merchant Services Payment acceptance solutions for small businesses including point-of-sale terminals, payment processing software, payment solutions, and value-added services such as gift cards and loyalty programs.
• Treasury Navigator (Commercial Treasury Management Platform) Commercial treasury management platform providing secure multi-factor authentication, versatile task and cash flow management, mobile access, customizable user permissions, and instant payments through FedNow and The Clearing House RTP networks for commercial and middle market customers.
• Commercial Lending Commercial business financing including commercial real estate loans, equipment loans, and lines of credit for commercial growth, delivered by dedicated regional commercial banking teams.
• Specialty Banking (Franchise Finance, Private Capital, Payments Technology) Specialized commercial banking services including franchise finance, private capital solutions, and payments technology offerings for commercial customers.
• SouthState Investment Services (Wealth Management via LPL Financial) Securities and advisory wealth management services offered through an exclusive partnership with LPL Financial, including comprehensive financial plans, retirement strategies, and investment management delivered by registered representatives of SouthState Investment Services.
• Guided Wealth Portfolios Digital investment management offering with on-demand advisor access, requiring a $5,000 minimum investment to open.
• Private Wealth and Estate Planning Multi-generational wealth management delivered through the Premier Private Client Group covering estate planning, asset management, and trust administration for high net worth individuals and families.

Quantifiable outcome

• 7% loan growth and 5% deposit growth year-over-year in Q1 2026
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• TassatcoreTechnology or Integration · 6 May 2026SouthState Bank participated in the Cari Network's tokenized deposit platform MVP launch alongside First Horizon Corp., Huntington Bancshares, KeyCorp, M&T Bank Corp., and Old National Bancorp. The partnership involves Tassat's blockchain-based tokenized deposit network technology, with eight additional banks committed to join ahead of production launch later in 2026. The initiative has endorsement from the Mid-Size Bank Coalition of America for modernizing digital payment infrastructure.
• Cari NetworkcoreTechnology or Integration · 6 May 2026Strategic partnership for tokenized deposit platform development. SouthState is one of six banks in the initial MVP launch and eight additional banks have committed ahead of production launch.
• The Clearing House (RTP Network)coreTechnology or Integration · 17 September 2025Partnership enabling real-time payments capabilities through The Clearing House's Real-Time Payments network, along with FedNow from the Federal Reserve, providing instant payment services to Treasury customers.
• LPL FinancialcoreChannel Partner/ Reseller/ DistributorExclusive partnership for investment services and wealth management products. SouthState Investment Services offers financial planning, investment management, and retirement services through LPL Financial's registered representatives.
• Federal Reserve (FedNow)coreTechnology or IntegrationAccess to FedNow instant payments network enabling 24/7 real-time payments for Treasury customers alongside The Clearing House's RTP network.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Truist Financial Corporation: One of the largest U.S. regional banks with a dominant Southeast footprint and overlapping commercial, mortgage, wealth, and consumer products; larger and more diversified than SouthState but the primary competitive incumbent across core markets.

Direct peers

• M&T Bank Corporation: Northeast-anchored mid-size regional commercial bank with overlapping commercial lending, treasury, and consumer banking products; partner with SouthState in the Cari Network tokenized deposit MVP, indicating similar size tier and digital ambition.
• KeyCorp: Mid-size regional commercial bank operating in similar commercial and consumer segments with comparable digital initiatives; co-founding partner with SouthState in the Cari Network tokenized deposit MVP.
• Cadence Bank: Mid-size regional bank with similar commercial, consumer, and wealth management products and meaningful Texas/Southeast presence; directly comparable franchise and growth strategy.
• Huntington Bancshares: Mid-size regional commercial bank with similar commercial, consumer, and wealth management lines; also a co-founding member of the Cari Network tokenized deposit platform with SouthState, providing a near-direct comparable for digital strategy and franchise scale.
• First Horizon Corporation: Mid-size regional bank with comparable commercial, consumer, and wealth offerings across the Southeast; co-founding member of the Cari Network tokenized deposit MVP alongside SouthState, making it a directly comparable peer in both business mix and digital payments strategy.
• Regions Financial Corporation: Major Southeast regional bank with overlapping geographies in Florida, Georgia, Alabama, and the Carolinas, and broadly similar personal, commercial, and wealth management product suites; closest large-cap comparable in core Southeast market.
• Pinnacle Financial Partners: Mid-size commercial-focused regional bank with strong small business and middle market banking; similar size tier and high-touch relationship banking model that has earned industry awards comparable to SouthState's Coalition Greenwich recognition.
• Old National Bancorp: Mid-size regional bank with comparable commercial, retail, and wealth offerings, also co-founding the Cari Network tokenized deposit MVP alongside SouthState; similar size, growth-via-M&A history, and customer segmentation.
• Synovus Financial Corp. Mid-size Southeast-anchored regional bank with overlapping commercial banking, treasury management, and consumer lending offerings; very close peer by geography and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/southstatebank
• YouTubeyoutube.com/@southstate_bank
• Facebookfacebook.com/SouthStateBank
• LinkedInlinkedin.com/company/south-state-bank
• Instagraminstagram.com/southstatebank

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about South State Bank