SouthState Establishes Government Contractor Banking Vertical, Appoints Industry Veteran to Lead Venture

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SouthState Bank (NYSE: SSB) has launched a dedicated Government Contractor Banking vertical and appointed industry veteran David Mathis as director. Mathis and his team will support local markets by advising government contractors on financing, treasury management, capital markets, and mergers and acquisitions needs.

According to SouthState, the nine-state footprint includes ports, military bases and operations serving agencies such as NASA, the Department of Justice and the Department of Energy. Mathis previously led MartinFederal Consulting as CEO for nearly a decade and has 25 years of commercial banking experience focused on government contracting in North Alabama.

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WINTER HAVEN, Fla., Aug. 17, 2026 /PRNewswire/ -- SouthState Bank today announced its foray into a new vertical, Government Contractor Banking, as well as a veteran banker to lead the new area of expertise.

David Mathis will serve as director of Government Contractor Banking. He and his team will support local markets to advise companies in the government contracting space with various needs, including financing, treasury management, capital markets and mergers and acquisitions.

"Government contractors play a critical role in supporting federal agencies and advancing missions that matter. SouthState's nine-state footprint is home to many ports, military bases and operations that support our nation's armed forces and civil agencies, including NASA, the Department of Justice and the Department of Energy. Expanding into Government Contractor Banking allows SouthState to bring specialized guidance, responsive service and a relationship-first approach to companies operating in this dynamic sector," said Richard Murray, president of SouthState Bank.

Mathis joins SouthState following nearly a decade at MartinFederal Consulting (MartinFed), where he served as CEO for the federal solutions company he successfully sold this year. He led the company to record growth and recognition as one of the fastest growing companies on the Inc. 5000 list and a certified Great Place to Work.

In addition to his executive leadership experience, Mathis spent 25 years as a commercial banker in the North Alabama market with a focus on the government contracting industry. Mathis' blend of banking expertise and first-hand government contracting experience makes him uniquely suited for this role and the ideal candidate to lead this vertical for SouthState.

"I know firsthand the opportunities and complexities government contractors navigate every day. SouthState is building a team that understands this industry and can deliver the banking expertise, strategic perspective and personal partnership these companies need to grow with confidence," Mathis said.

In the Huntsville, Alabama community, Mathis has served in numerous board and leadership positions, including the Huntsville Committee of 100, Southern Development Council, and Huntsville Marina and Port Authority. Volunteer service includes Kairos Prison Ministries and mentoring young professionals.

SouthState Bank 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 1.5 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. The bank also serves clients nationwide through its correspondent banking division. Additional information is available at SouthStateBank.com.

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SOURCE SouthState Bank N.A.

FAQ

What did SouthState Bank (NYSE: SSB) announce on August 17, 2026 about government contractor banking?

SouthState Bank announced a new Government Contractor Banking vertical on August 17, 2026. According to SouthState, the unit will advise government contractors on financing, treasury management, capital markets and mergers and acquisitions across the bank’s nine-state footprint and broader local markets.

Who is leading SouthState Bank's new Government Contractor Banking vertical and what is his background?

David Mathis will lead SouthState’s Government Contractor Banking vertical as director. According to SouthState, he was CEO of MartinFederal Consulting for nearly a decade and previously spent 25 years as a commercial banker in North Alabama, focusing on the government contracting industry.

How will SouthState Bank's Government Contractor Banking vertical support government contractors?

The new vertical will provide tailored banking and advisory services for government contractors. According to SouthState, Mathis and his team will help clients with financing solutions, treasury management, capital markets access, and mergers and acquisitions advice to navigate the sector’s opportunities and complexities.

Which regions will benefit from SouthState Bank's Government Contractor Banking initiative?

SouthState plans to leverage its nine-state footprint, including Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. According to SouthState, many of these markets host ports, military bases and federal operations, positioning the bank to serve local and regional government contractors.

Why does SouthState Bank see opportunity in serving government contractors with a dedicated vertical?

SouthState highlights that government contractors support key federal missions and operate near its existing markets. According to SouthState, a dedicated Government Contractor Banking vertical allows it to deliver specialized guidance, responsive service and relationship-focused support to companies in this dynamic and complex sector.

What is SouthState Bank Corporation (SSB) and where does it operate?

SouthState Bank Corporation is a financial services company headquartered in Winter Haven, Florida. According to SouthState, its nationally chartered bank serves more than 1.5 million customers across eight named states and nationwide through its correspondent banking division, offering consumer, commercial, mortgage and wealth management solutions.