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SouthState Bank, based in Winter Haven, Florida, is an American bank based in Florida and a subsidiary of SouthState Corporation, a bank holding company. As of December 31, 2018, the company had 168 branches in South Carolina, North Carolina, Georgia, Florida, Alabama and Virginia. [1] First National Bank began in Orangeburg, South Carolina in
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Including predecessor Bank of North America, the first bank in the United States First Union Corporation: Wells Fargo: 1998 NationsBank Corp. BankAmerica Corp. Bank of America Corp. Bank of America: 1998 Golden State Bancorp: First Nationwide Holdings, Inc. Golden State Bancorp: $5.8 billion Citigroup: 1998 Norwest Corporation: Wells Fargo Corp ...
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On that day, it was announced that the FDIC was considering seizing the bank, causing its stock price to plunge another 43% to $3.50. [80] [82] After falling another 42% in after hours trading, the FDIC confirmed its imminent takeover of the bank. [83] [84] In 2023, the cumulative decrease in stock price was 97%. [85]
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Also in 1993, Southern National announced the purchase of Goldsboro-based East Coast Federal Savings Bank, with $256 million in assets, which Orr called "one of the best savings banks in the state." [ 11 ] The deal would make Southern National number one in deposits in Fayetteville , the state's fifth-largest banking market. [ 11 ]
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