November 15, 2017
Federal Reserve Board announces approval of application by South State Corporation
For release at 2:30 p.m. EST
The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by South State Corporation, Columbia, South Carolina, to acquire Park Sterling Corporation ("PSC") and thereby indirectly acquire PSC's subsidiary bank, Park Sterling Bank, both of Charlotte, North Carolina.
Attached is the Board's order relating to this action.
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