SouthState $350 million subordinated notes offering
We advised SouthState on the offering
Davis Polk advised SouthState Corporation in connection with its SEC-registered offering of $350 million aggregate principal amount of fixed-to-floating-rate subordinated notes due 2035.
SouthState is a financial holding company that, through its national bank subsidiary, SouthState Bank, N.A., provides a wide range of banking services to its customers across an eight-state footprint in Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina, Texas and Virginia.
The Davis Polk corporate team included partner Shane Tintle and associate Carlos Escandón Alcocer. The tax team included partner William A. Curran and associate Georgianna Eck. Partner Margaret E. Tahyar and counsel Suiwen Liang provided financial institutions advice. All members of the Davis Polk team are based in the New York office.