Polk County’s SouthState completes $457 million sale of branches

  • By Louis Llovio
  • | 7:10 a.m. March 8, 2025
  • | 0 Free Articles Remaining!
Polk County-based SouthState operates 371 branches in eight states.
Polk County-based SouthState operates 371 branches in eight states.
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  • Tampa Bay-Lakeland
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SouthState Corp. has closed on a $457 million sale of 165 branches in six states.

The Polk County-based bank announced the closing in a Securities & Exchange Commission filing Thursday. The commercial real estate firm JLL, which advised SouthState on the deal, also issued a news release.

The deal to sell the 165-branch portfolio to the New York investment firm Blue Owl Real Estate Capital was completed Feb. 28.

 

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