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South State Expands Presence in Richmond

RICHMOND, Virginia – (May 29, 2018) – South State Bank today announced the company has signed a lease for nearly 10,000 square feet of space, including a reimagined bank branch, at One James Center in downtown Richmond.

“With our ongoing expansion plans for Richmond, an expanded presence in downtown Richmond was important,” said Richmond Regional President Bobby Cowgill. “Our current regional office on Cox Road in Innsbrook will also continue to be an important hub for our bank. These two regional hubs will provide us better visibility across market, better position us to serve the entire market and will provide us with added space to accommodate our growth.”

The new owner of the James Center, Riverstone Properties, is in the midst of a significant renovation of the James Center complex, which provided the opportunity to reconfigure and significantly expand South State’s presence in One James Center.

South State’s existing branch at One James Center will remain open during the renovation process, and South State expects to occupy the new space in One James Center in late 2018 or early 2019.

Once renovations are complete, South State will continue to offer full service branch banking through the newly configured space and ultimately plans to offer services from all of its lines of business at One James Center, including Mortgage, Wealth and Commercial Banking.

South State will continue to operate the drive-through ATM on the 10th Street side of the building and plans to add ATM services in the ground floor lobby.

 South State Corporation (NASDAQ: SSB) is a financial services company headquartered in Columbia, South Carolina, with over $14.5 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