South State Bank and CenterState Bank Select Core Provider
Staff Report From South Carolina CEO
Friday, March 6th, 2020
South State Corporation and CenterState Bank Corporation announced that as part of the integration efforts related to the pending merger, the companies have selected the core provider. Fiserv will be the core provider for the combined company and the core platform will be Fiserv Premier.
System conversion is still slated to be completed in the first half of 2021. The merger itself is still expected to close in the third quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company.
Within the first 30 days of the merger announcement, the companies have also announced an operating committee with equal representation from both companies and key business leaders for the combined company, specifically the senior line of business leaders and the sales leaders in the geographic markets.