08:35 AM EST, 01/02/2025 (MT Newswires) -- SouthState ( SSB ) said Thursday it closed the acquisition of Independent Bank Group (IBTX) on Jan. 1.

Florida-based SouthState ( SSB ) said in May that it had agreed to acquire Independent Bank Group in an all-stock transaction valued at about $2 billion.

In connection with the acquisition, SouthState ( SSB ) said it was increasing the size of its board, and that of SouthState Bank, to 15 members from 12 with the appointment of three new members.