South State Bank Named to Forbes’ 100 Best Banks in America & Women’s Choice Award® Best Companies for Women Lists

COLUMBIA, S.C.–(BUSINESS WIRE)–South State Bank today announced it has been named to Forbes’ 100 Best
Banks in America and also has received the 2019 Women’s Choice Award®
for Best Companies for Women.

“We’re honored South State has ranked in the top third of Forbes’ 100
Best Banks in America three years running,” said Greg Lapointe, South
State Bank president. “For 85 years, South State has focused on
providing superior service and solutions to Consumer, Commercial,
Mortgage and Wealth customers, and this award is a testament to the hard
work and dedication of our employees and to our legacy of creating a
sound, profitable organization focused on continued growth.

“We are also pleased to be recognized as one of the Best Companies for
Women. Today, more than 50 percent of the managers in our company are
female, and we are consistently seeking to improve our diversity, as we
attract and retain top bankers. It is an honor to be recognized
alongside other national and international companies who have also
demonstrated their commitment to diversity and to creating working
environments that encourage the advancement of women.”

Forbes analyzed data regarding the growth, credit quality and
profitability of the 100 largest publicly-traded banks and thrifts by
assets. The ten metrics used in the rankings include: return on average
tangible common equity, return on average assets, net interest margin,
efficiency ratio and net charge-offs as a percentage of total
loans. Forbes also factored in nonperforming assets as a percentage of
assets, CET1 ratio, risk-based capital ratio and reserves as a
percentage of nonperforming assets. The final component was operating
revenue growth.

To see the full article and Forbes ranking of the 100 Best Banks in
America, visit: https://www.forbes.com/sites/kurtbadenhausen/2019/01/16/americas-best-banks-2019/#11b309204583

The Women’s Choice Award® for Best Companies for Women identifies those
companies that meet the general needs and preferences of all working
women, regardless of race, age and family status. Their analysis
compares how companies rank in terms of female representation in the
industry, work-life balance, professional development opportunities and
company benefits, including vacation, maternity support and wellness
perks.

To see the full list of companies that were named Best Companies for
Women, visit: womenschoiceaward.com/best-companies/

South State Corporation (NASDAQ: SSB) is a financial services company
headquartered in Columbia, South Carolina, with approximately $14.7
billion in assets. South State Bank, the company’s primary subsidiary,
provides consumer, commercial, mortgage and wealth management solutions
throughout the Carolinas, Georgia and Virginia. South State has served
customers since 1934. Additional information is available at
SouthStateBank.com.

Contacts

Jackie Smith 803-231-3486

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