Polk County bank expands into Texas, Colorado with $2B purchase


  • By Louis Llovio
  • | 4:15 p.m. May 20, 2024
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
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SouthState Corp. has purchased a Texas chain of banks in all-stock deal worth nearly $2 billion.

The Winter Haven-based bank bought Independent Bank Group, expanding its reach into several major metropolitan markets in both Texas and Colorado.

In a statement to investors Monday, SouthState says Independent operates in Dallas-Fort Worth, Austin and Houston as well as the Colorado Front Range, which includes Denver.

 

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