Polk County bank completes $2 billion acquisition of Texas firm

  • By Louis Llovio
  • | 9:40 a.m. January 2, 2025
  • | 0 Free Articles Remaining!
Polk County-based SouthState Corp. had closed on its purchase of, and merger with, a Texas bank company.
Polk County-based SouthState Corp. had closed on its purchase of, and merger with, a Texas bank company.
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  • Tampa Bay-Lakeland
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Polk County-based SouthState Corp. has closed on its purchase of the Independent Bank Group, a deal that allows SouthState to expand into Texas and Colorado and grow its assets to about $65 billion.

The deal closed Jan. 1.

SouthState first announced the merger in May, saying the all-stock deal would be worth $2 billion.

 

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