Federal Reserve Board announces approval of application by South State Corporation

November 15, 2017

Federal Reserve Board announces approval of application by South State Corporation

For release at 2:30 p.m. EST

The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by South State Corporation, Columbia, South Carolina, to acquire Park Sterling Corporation ("PSC") and thereby indirectly acquire PSC's subsidiary bank, Park Sterling Bank, both of Charlotte, North Carolina.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

You just read:

Federal Reserve Board announces approval of application by South State Corporation

Distribution channels: Banking, Finance & Investment Industry

EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.