CenterState Bank Corporation/South State Bank (SSB, Financial) (SSB - $47.66 - NASDAQ) is one of the leading community banks in the Southeastern United States. e merger of CenterState Bank of Florida into South State Bank of South Carolina brings together two banks with a good record of building a bank on solid deposit growth and disciplined credit management. Stocks of banks undergoing mergers of equals often lag their peers until the merger is completed and that did not occur for this bank until very late in the quarter.
From Keeley Asset Management Corp (Trades, Portfolio)'s Small-Mid Cap Value Fund second-quarter 2020 shareholder commentary.
