WINTER
HAVEN, Fla., April 9,
2024 /PRNewswire/ -- SouthState Bank has released its
fourth Corporate Social Responsibility (CSR) report, highlighting
the company's commitment to its communities, colleagues, corporate
stewardship and the environment.
"For 90 years, SouthState's focus on serving and strengthening
the communities in which we live and do business has afforded us
the opportunity to build meaningful and lasting relationships with
many non-profit and community-based organizations across our
six-state footprint," said LeDon
Jones, director of Corporate Stewardship. "Through
volunteerism, engagement, and philanthropy, we have impacted the
lives of our customers, communities and our 5,000+ team
members."
Highlights of the 2024 CSR report include:
Commitment to Community:
- Awarded 1,839 organizations grants and contributions, totaling
$5.8 million.
- Recorded a 28 percent increase in employee volunteer hours,
totaling 15,352 hours with 905 different organizations.
- Made $1.39 billion in
CRA-eligible loans.
- Extended $245 million in
community development loans.
- Invested $89 million to foster
economic development and affordable housing projects.
- Provided $567 million in
affordable lending mortgage loan programs.
Commitment to Colleagues:
- Provided $229,000 in financial
assistance to 101 team members through The Sunshine Fund, a
501(c)(3) organization funded by Company and employee
contributions, which are used to assist employees with unexpected
financial hardships.
- Continued the ReMARKable Leader program, an immersive 9-month
program designed to cultivate internal high-potential leaders to
take the next step in their career development. To date, 41 of our
team members have graduated from the program, and they continue to
contribute in new and unique ways to our Company.
Commitment to Corporate Stewardship:
- Maintained a tenured and diverse board of directors. Fifty-five
percent of the Board has CEO-level experience, and 36 percent have
senior executive experience at financial institutions.
- Implemented "Unconscious Bias" training for leaders in 2023,
with plans to reach the remaining workforce in 2024.
- Launched an "Infoship" program, an 11-week virtual program that
exposes college students to diverse careers in banking, facilitated
by SouthState senior leaders.
Commitment to Environmental Resourcefulness:
- Ongoing investment in technology that enables customers and
team members to access digital solutions for their needs. With 48
percent of accounts receiving eStatements, the bank's reduced
environmental impact includes the following highlights:
- 1.2 million gallons of water saved
- 1.02 million pounds of CO2 emissions saved
- 67,000 pounds of solid waste reduction
- 21.2 acres of forest saved
SouthState's CSR report and more information are available
on the bank's Corporate Stewardship page.
SouthState Corporation (NYSE: SSB) is a
financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A.,
the company's nationally chartered bank subsidiary, provides
consumer, commercial, mortgage and wealth management solutions to
more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast
to coast through its correspondent banking division. Additional
information is available at SouthStateBank.com.
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SOURCE South-State Bank N.A.