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New Deal


Announced

Completed

SouthState completed the merger with Atlantic Capital Bancshares in a $542m deal.

Financials

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Transaction Value£394m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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commercial banking

Single Bidder

Acquisition

United States

Friendly

Merger

Banks

Majority

Domestic

Public

Completed

Synopsis

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SouthState, a financial services company, completed the merger with Atlantic Capital Bancshares, a publicly-traded bank holding company, in a $542m deal. "This partnership with SouthState enhances our purpose to fuel prosperity for our shareholders, clients, and teammates. SouthState's larger capital base and broader range of capabilities will strengthen our client relationships and expand our new business opportunities. Our companies are tightly aligned culturally; we operate on the same core banking and treasury management platforms, and our credit and risk management philosophies and processes are similar," Douglas L. Williams, Atlantic Capital President and CEO.

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