Columbia, SC – (February 8, 2018) – South State Bank was recently ranked one of Forbes Magazine’s 100 Largest Banks in America, at number 14. This is the second consecutive year the company has been ranked in the top 15 on the list.
“We are pleased to be recognized as one of the top 15 banks in the nation. This recognition is a result of the hard work and dedication of our team members, who serve our 700,000 customers from Virginia to Georgia,” said John F. Windley, president and CEO, South State Bank. “In 2017, we completed two acquisitions, crossed the $10 billion regulatory threshold and reported strong financial results. We plan to build on this exceptional progress and success in 2018 and beyond.”
Forbes has compiled the list for the past nine years and ranks the 100 largest U.S. banks based on 10 equally weighted metrics related to growth, profitability, capital adequacy and asset quality. Metrics include return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans.
South State Corporation (NASDAQ: SSB) is a financial services company headquartered in Columbia, South Carolina, with over $14 billion in assets. South State Bank, the company’s primary subsidiary, provides consumer, commercial, mortgage and wealth management solutions throughout the Carolinas, Georgia and Virginia. South State has served customers since 1934. Additional information is available at SouthStateBank.com.