SouthState earns "America's Best Mid-Size Companies" award from TIME Magazine

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SouthState Bank has been recognized as one of America's Best Mid-Size Companies by TIME Magazine, a rare achievement for regional banks. This prestigious award, developed in partnership with Statista, evaluated companies generating between $100 million and $10 billion in revenue across three key dimensions: employee satisfaction, revenue growth, and performance in environmental protection, social responsibility, and corporate governance.

The selection process involved surveying employees, analyzing three-year revenue growth, and assessing various KPIs. SouthState's recognition highlights its commitment to customer care, community engagement, and strong financial performance. As a financial services company headquartered in Winter Haven, Florida, SouthState (NYSE: SSB) operates through its subsidiary, SouthState Bank, N.A., serving over one million customers across six states and offering correspondent banking services nationwide.

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WINTER HAVEN, Fla., July 23, 2024 /PRNewswire/ -- SouthState Bank has earned the "America's Best Mid-Size Companies" award from TIME Magazine, being one of the select few regional banks to receive the award.

"We are both humbled and honored to be recognized by TIME as one of America's Best Mid-Size Companies. It is a testament to the commitment of our dedicated team members who care for our customers and communities daily, while continually striving for strong financial performance," said Richard Murray, SouthState president.

In order to develop the list of America's Best Mid-Size Companies, TIME and research partner Statista used the following methodology:

• All companies that operate in the United States and generated between $100 million and $10 billion of revenue were considered.
• Employee satisfaction was investigated based on survey data from a large sample of employees from these U.S. companies.
• After determining the companies with an above-average satisfaction level, the revenue growth of each company over the past three years was considered.
• Finally, those companies that performed above-average for employee satisfaction and revenue growth were assessed on numerous KPIs in environmental protection, social responsibility and corporate governance.

The scores of all three dimensions were added with an equal percentage basis to form the final ranking score, with 100 points being the maximum. The 500 companies with the highest score received the America's Best Mid-Size Companies award from TIME.

SouthState Corporation (NYSE: SSB) is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division. Additional information is available at SouthStateBank.com.

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SOURCE SouthState Bank N.A.

FAQ

What award did SouthState Bank (SSB) receive from TIME Magazine in 2024?

SouthState Bank (SSB) received the 'America's Best Mid-Size Companies' award from TIME Magazine in 2024.

How were companies selected for TIME's America's Best Mid-Size Companies award?

Companies were selected based on employee satisfaction surveys, three-year revenue growth, and performance in environmental protection, social responsibility, and corporate governance. Eligible companies had revenues between $100 million and $10 billion.

What is the stock symbol for SouthState ?

The stock symbol for SouthState is SSB, traded on the New York Stock Exchange (NYSE).

In which states does SouthState Bank (SSB) provide services?

SouthState Bank (SSB) provides services in Florida, Alabama, Georgia, North Carolina, South Carolina, and Virginia.

How many customers does SouthState Bank (SSB) serve?

SouthState Bank (SSB) serves more than one million customers across its operating states.