Acquisition · Adviser / wealth-management
Independent Bank Group (including Private Capital Management)
Transaction overview
Status: Reported completed
SouthState Bank acquired Private Capital Management through SouthState Corporation’s acquisition of Independent Bank Group, completed on January 1, 2025. Private Capital Management was an indirect target of the transaction; the adviser is now named SouthState Private Capital Management LLC.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- SouthState Corporation prospectus supplement ↗
SouthState Corporation / SEC · Publication date not stated
The prospectus states that the bank acquired Private Capital Management through the Independent acquisition completed January 1, 2025.
- SouthState Closes Merger with Independent Financial ↗
SouthState · Published Jan 2, 2025
January 2, 2025 announcement reports the holding-company merger and immediate bank merger completed January 1, 2025.