SouthState Bank


Overview / Commentary
803-771-2265
1101 1st Street S
Winter Haven, FL 33880

SouthState Bank is headquartered in Winter Haven and is the largest bank in the state of Florida. It is also the 53rd largest bank in the nation. It was established in 1992 and as of June of 2022, it had grown to 5,190 employees at 306 locations. SouthState Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Related Posts

SouthState Bank Extends $200 Checking Bonus In AL, FL, GA, NC, SC, VA - 4/19/2022

SouthState Bank's $200 checking bonus is available now through June 30, 2022. Available online and in-branch in AL, FL, GA, NC, SC, and VA.

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Finally a bank I can love

Posted by: |

I joined south state Bank (known as first federal at the time) a little over a year ago. After a bad relationship with a previous bank I was a little nervous about trusting another bank. From the very beginning their employees were very friendly, patient, and willing to help. They helped me pick the best account to suit me, which just happen to be their first free checking. So I was happy to have a checking account with no monthly fee. I never had any problems with them at all and when it came time to find a new car they provided me with a loan at only 1.99 Apr. It has been well over a year and still love this bank.

Debit Card Blocking

Posted by: |

Great bank unless you like to use your debit cards.. I use my card and the next attempt it is blocked. Call the # provided and get told cards are reactivated after verifying the transaction. But then go to lunch with the family and get embarrassed because card is declined... Call back and asked did I use the card at this restaurant...yes I did and you declined it... We're sorry your card is really activated and good for use... Declined again.. And again and again... Call back did you attempt to charge at such and such... Yes I did and you declined it.. We're sorry cards are good now. No they aren't they still get declined..... Now I have to wait till Monday to go into a branch and get it straight cause it is a sat. And y'all aren't open so I am careless until Monday.... It is straight b.s. that every time the card is used I have to verify the purchase and card is blocked..

Debit Card Blocking Sign Of Times To Come

I am with South State Bank because they took over First Federal of Charleston, which I'd been with 25 years, my Bill Pay is set up there and a few of the old timers are still around. First thing they did was cancel the high interest account FF started to attract deposits to increase value before selling to SSB. I'm getting 1/10th of a cent on account with tens of thousands of dollars in them. I email a branch manager a question and my email is ignored. And I have repeatedly had the same humiliating and expensive experience with my debit card being blocked when i have plenty of money in my account. The branch manager told me it was for my protection as they area small bank and do not want to have to cover fraud. Hooey! That is for their protection! As the other writer mentioned, there is no customer service on weekends, which is really unbelievable.
Bottom line: Banks not giving us access to our own money is deeply troubling. I'm trying to get away from all banks. I trust them not one iota. Look what they did to our economy and what they are doing now to build a pipeline on private land. Look how they are brutalizing people in North Carolina trying to defend US Constitutional law. If i could i would try a member owned credit union.

Bad Bank With Poor Customer Service

Posted by: |

Unfortunately it has come to the point where I can no longer bank with this Branch(coral springs) or this particular banking institution any longer. Ever since they took over from CenterState their financial greed and inability to adapt and change to the current Financial landscape with regards to overdraft and assisting customers in this manner has become unbearable. Even compared to Bank of America which was known as the scourge of the banking institution when it comes to overdrafting their customers has remedied their overdraft charges. The latest issue that brought me to this was when I had several charges pending and I had a direct deposit from Wells Fargo occurring that evening they paid it however they proceeded to charge me over $140 in overdraft charges. This is Paramount to financial theft some might argue I should have had the money in my account. I would argue that the withdrawal from my bank account did not occur until the next day when the pending deposit from Wells Fargo we're hitting my bank at South State. I will be doing everything in my power to make sure that people understand this and that I encourage them to move away from South State Bank and hopefully take their business to a banking institution that is there for the customers not for their greed such as a bank like Capital One who has no overdraft fees.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #33555
Year Established1992
Employees5190
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD8.71%
Annual Interest Income$596.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$46.19B$40.26B
LoansQ2 2022vs Q2 2021$27.69B$23.85B
DepositsQ2 2022vs Q2 2021$38.96B$33.28B
Equity CapitalQ2 2022vs Q2 2021$5.34B$4.96B
Loan Loss AllowanceQ2 2022vs Q2 2021$319.7MM$350.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$57.7MM$68.6MM
Real Estate OwnedQ2 2022vs Q2 2021$1.4MM$5.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not SouthState Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SouthState Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Gold Savings
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.35% $50k - $100k
0.15%--Personal Savings
0.15%--Youth Savings
0.15%--Holiday Savings
0.10%*$50k*-Health Savings Account
OTHER TIERS: 0.04% Up to $10k | 0.06% $10k - $50k

SouthState Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Personal Money Market
OTHER TIERS: 0.10% $2k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.35% $50k - $100k

SouthState Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Gold Checking
OTHER TIERS: 0.06% Up to $100k
0.08%--Choice Checking
0.08%--Community Hero Checking
Locations

Availability



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