https://www.tipranks.com/news/the-fly/first-horizon-price-target-raised-to-24-from-23-at-rbc-capital SouthState Corporation (SSB) announced the closing of its acquisition of Independent Bank Group, Inc. (IBTX) on January 1, 2025, through the merger of Independent Financial with and into SouthState. Immediately after the merger, also on January 1, 2025, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank, N.A. As a result of these transactions, the combined company has expanded its presence in Texas, entered Colorado, and increased its asset size to approximately $65B. In connection with the merger, the company announced the appointment of three Independent Financial directors to the boards of SouthState and SouthState Bank, increasing the size of each board from 12 to 15 members. Don't Miss Our New Year's Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> Read More on SSB: Stephens lays out 21 Best Ideas for 2025 Acadia to replace Independent Bank in S&P 600 at open on 1/3 SouthState Corporation Appoints New Directors Amid Merger South State initiated with a Buy at UBS South State upgraded to Overweight from Equal Weight at Stephens View Comments
South State closes merger with Independent Financial
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