WINTER HAVEN, Fla.,
Aug. 4, 2021 /PRNewswire/
-- SouthState Bank today announced the release of its initial
Corporate Social Responsibility (CSR) report, highlighting the
company's commitment to its communities, our colleagues, corporate
stewardship and the environment.
"Being a good steward is the bedrock on which we build our
corporate culture and communicate our core values," said
LeDon Jones, director of Corporate
Stewardship. "We are proud to be a leading regional bank in the
fastest growing region of the country – the Southeast. Even as our
geographic footprint grows, we're committed to doing everything we
can to help our customers and the local economy thrive. That means
playing an active role in community life, always operating with
integrity, and finding new ways to invest in and give back to our
communities, now and in the future."
Highlights of the 2021 CSR report include:
Commitment to Community:
- In 2020, SouthState awarded 1,054 organizations grants and
contributions, totaling $3.6
million.
- SouthState team members logged 5,000 volunteer hours
benefitting more than 385 different organizations.
- The company invested $16 million
in low-income housing tax credits for affordable housing.
- SouthState extended $576 million
in community development loans.
Commitment to Colleagues:
- SouthState provided $75,000 in
financial assistance to its 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.
- The company continued creating diverse talent pipelines through
internship and management training programs.
- The company was recognized for its commitment to its colleagues
by being named a 2020 Best Place to Work in North Carolina and
South Carolina, as well as being named a Top Workplace by The
Atlanta Journal Constitution, the Sun Sentinel and the Orlando
Sentinel.
Commitment to Effective Governance:
- All SouthState directors, officers and employees are
responsible for maintaining the highest ethical standards in
conducting business.
- The company has a board-level Culture Committee that focuses on
human capital management and diversity and inclusion, and the
Governance and Nominating Committee has responsibility for the
company's environmental, social and governance (ESG)
initiatives.
Commitment to Environmental Resourcefulness:
- SouthState's ongoing investment in technology enables customers
and team members to access digital solutions for their needs,
allowing a reduction in paper usage and the need to travel to
banking offices for routine needs. In 2020:
-
- Customers completed 26 percent of deposits through digital
channels.
- 20 percent of Consumer checking accounts were opened
online.
- 40 percent of deposit account statements were delivered
electronically.
- Mobile and video conferencing capabilities reduced need to
travel.
SouthState's CSR report and more information are available
on the bank's Corporate Stewardship page.
SouthState Corporation (NASDAQ: SSB) is a financial services
company headquartered in Winter Haven,
Florida. South State 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.