South State Bank today announced it has been named to Forbes 100 Best Banks in America and also has received the 2019 Womens Choice Award for Best Companies for Women.
Were honored South State has ranked in the top third of Forbes 100 Best Banks in America three years running, said Greg Lapointe, South State Bank president. For 85 years, South State has focused on providing superior service and solutions to Consumer, Commercial, Mortgage and Wealth customers, and this award is a testament to the hard work and dedication of our employees and to our legacy of creating a sound, profitable organization focused on continued growth.
We are also pleased to be recognized as one of the Best Companies for Women. Today, more than 50 percent of the managers in our company are female, and we are consistently seeking to improve our diversity, as we attract and retain top bankers. It is an honor to be recognized alongside other national and international companies who have also demonstrated their commitment to diversity and to creating working environments that encourage the advancement of women.
Forbes analyzed data regarding the growth, credit quality and profitability of the 100 largest publicly-traded banks and thrifts by assets. The ten metrics used in the rankings include: return on average tangible common equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percentage of total loans. Forbes also factored in nonperforming assets as a percentage of assets, CET1 ratio, risk-based capital ratio and reserves as a percentage of nonperforming assets. The final component was operating revenue growth.
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To see the full article and Forbes ranking of the 100 Best Banks in America, visit: https://www.forbes.com/sites/kurtbadenhausen/2019/01/16/americas-best-banks-2019/#11b309204583
The Womens Choice Award for Best Companies for Women identifies those companies that meet the general needs and preferences of all working women, regardless of race, age and family status. Their analysis compares how companies rank in terms of female representation in the industry, work-life balance, professional development opportunities and company benefits, including vacation, maternity support and wellness perks.
To see the full list of companies that were named Best Companies for Women, visit: womenschoiceaward.com/best-companies/
South State Corporation (NASDAQ: SSB) is a financial services company headquartered in Columbia, South Carolina, with approximately $14.7 billion in assets. South State Bank, the companys primary subsidiary, provides consumer, commercial, mortgage and wealth management solutions throughout the Carolinas, Georgia and Virginia. South State has served customers since 1934. Additional information is available at SouthStateBank.com.
Jackie Smith 803-231-3486