South State, the largest bank based in South Carolina, completed the merger with CenterState, a financial holding company with one nationally chartered bank: CenterState Bank, in a $6bn deal. Under the terms of the merger agreement, which was unanimously approved by the Boards of Directors of both companies, CenterState shareholders received 0.3001 shares of South State common stock for each share of CenterState common stock they own. CenterState shareholders own c. 53% and South State shareholders will own c. 47% of the combined company. "We have known and admired Robert and his team for over a decade, and we believe our two organizations are an outstanding fit. Combining these two high-performing teams will allow us to build an even stronger company together," John C. Corbett, CenterState CEO.