# EDGAR Filing Document

**Accession Number:** 0000764038
**File Stem:** 0001104659-25-058009
**Filing Date:** 2025-6
**Character Count:** 306998
**Document Hash:** 0e17b48f44a2f9a4da11d2c1221ceec3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-058009.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001104659-25-058009

**CONFORMED SUBMISSION TYPE**: 424B5

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SouthState Corp
- **CENTRAL INDEX KEY:** 0000764038
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 570799315
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B5
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287893
- **FILM NUMBER:** 251035997

**BUSINESS ADDRESS:**
- **STREET 1:** 1101 FIRST STREET SOUTH, SUITE 202
- **CITY:** WINTER HAVEN
- **STATE:** FL
- **ZIP:** 33880
- **BUSINESS PHONE:** 8632934710

**MAIL ADDRESS:**
- **STREET 1:** 1101 FIRST STREET SOUTH, SUITE 202
- **CITY:** WINTER HAVEN
- **STATE:** FL
- **ZIP:** 33880

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTH STATE Corp
- **DATE OF NAME CHANGE:** 20140630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST FINANCIAL HOLDINGS, INC.
- **DATE OF NAME CHANGE:** 20130729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCBT FINANCIAL CORP
- **DATE OF NAME CHANGE:** 20040227

---

| |
|:---|
| **Filed Pursuant to Rule 424(b)(5)** |
| **Registration No. 333-287893** |

---

**SUBJECT TO COMPLETION, DATED JUNE 10, 2025**

**PRELIMINARY PROSPECTUS SUPPLEMENT<br> (To prospectus dated June 10, 2025)**

The information in this preliminary prospectus supplement is not complete and may be changed without notice. A registration statement relating to the securities to be sold by the issuer has been declared effective under the Securities Act of 1933, as amended, by the Securities and Exchange Commission. This preliminary prospectus supplement and the accompanying base prospectus do not constitute an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

$

![](tm2516973d2_424b5img001.jpg)

**% Fixed-to-Floating Rate Subordinated Notes due 2035**

We are offering $ aggregate principal amount of % fixed-to-floating rate subordinated notes due 2035 (the "Notes") pursuant to this prospectus supplement and the accompanying prospectus. The Notes will be offered in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. The Notes will mature on , 2035 (the "Maturity Date"). From and including the date of original issuance to, but excluding, , 2030 or the date of earlier redemption (the "fixed rate period"), the Notes will bear interest at an initial rate of % per annum, payable semi-annually in arrears on and of each year, commencing on , 2025. The last interest payment date for the fixed rate period will be , 2030. From and including , 2030 to, but excluding, the Maturity Date or the date of earlier redemption (the "floating rate period"), the Notes will bear interest at a floating rate per annum equal to the base rate (as described herein), each as defined and subject to the provisions described under "Description of the Notes — Interest" in this prospectus supplement, plus basis points, payable quarterly in arrears on , , and of each year, commencing on , 2030. Notwithstanding the foregoing, in the event that the base rate is less than zero, the base rate shall be deemed to be zero.

We may, at our option, beginning with the interest payment date of , 2030 and on any interest payment date thereafter, redeem the Notes, in whole or in part. The Notes will not otherwise be redeemable by us prior to maturity, unless certain events occur, as described under "Description of the Notes — Redemption" in this prospectus supplement. The redemption price for any redemption is 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Any early redemption of the Notes will be subject to the receipt of the approval of the Board of Governors of the Federal Reserve System (the "Federal Reserve") to the extent then required under applicable laws or regulations, including capital regulations.

The Notes will be unsecured subordinated obligations, will rank pari passu, or equally, with all of our future unsecured subordinated debt and will be junior to all of our existing and future senior debt. The Notes will be structurally subordinated to all existing and future liabilities of our subsidiaries and will be effectively subordinated to our existing and future secured indebtedness. There will be no sinking fund for the Notes. The Notes will be obligations of SouthState Corporation ("SouthState") only and will not be obligations of, and will not be guaranteed by, any of SouthState's subsidiaries. For a more detailed description of the Notes, see "Description of the Notes."

Prior to this offering, there has been no public market for the Notes. The Notes will not be listed on any securities exchange or included in any automated quotation system.

**The Notes are not deposits and are not insured by the Federal Deposit Insurance Corporation (the "FDIC") or any other governmental agency. The Notes are ineligible as collateral for a loan or extension of credit from SouthState or any of its subsidiaries. None of the U.S. Securities and Exchange Commission (the "SEC"), the FDIC, the Federal Reserve, any other bank regulatory agency or any state securities commission has approved or disapproved of the Notes or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.**

**Investing in the Notes involves risks. See "Risk Factors" beginning on page S-17 of this prospectus supplement and those risk factors in the documents incorporated by reference in this prospectus supplement and the accompanying prospectus.**

---

| | |
|:---|:---|
|  | **Total** |
| Public offering price(1)% | $— |
| Underwriting discount(2)% | $— |
| Proceeds, before expenses, to us% | $— |

---

(1) Plus accrued interest, if any, from the
 original issue date.

(2) See "Underwriting" in this prospectus
 supplement for details.

The underwriters expect to deliver the Notes to purchasers in book-entry form through the facilities of The Depository Trust Company, against payment on or about , 2025. See "Underwriting" in this prospectus supplement for details.

*Joint Book-Running Managers*

---

| | | |
|:---|:---|:---|
| **Morgan Stanley** | **Piper Sandler** | **Keefe, Bruyette & Woods** *<br> A Stifel Company* |

---

**The date of this prospectus supplement is , 2025.**

**table of contents**

**Prospectus Supplement**

---

| | |
|:---|:---|
|  | <u>Page</u> |
| [About this Prospectus Supplement](#a_001) | [ii](#a_001) |
| [Where You Can Find More Information](#a_002) | [iii](#a_002) |
| [Special Note Concerning Forward-Looking Statements](#a_003) | [iv](#a_003) |
| [Prospectus Supplement Summary](#a_004) | [S-1](#a_004) |
| [The Offering](#a_005) | [S-3](#a_005) |
| [Risk Factors](#a_006) | [S-7](#a_006) |
| [Use of Proceeds](#a_007) | [S-16](#a_007) |
| [Capitalization](#a_008) | [S-17](#a_008) |
| [Description of the Notes](#a_009) | [S-18](#a_009) |
| [Certain ERISA Considerations](#a_010) | [S-37](#a_010) |
| [Material U.S. Federal Income Tax Considerations](#a_011) | [S-39](#a_011) |
| [Underwriting](#a_012) | [S-42](#a_012) |
| [Legal Matters](#a_013) | [S-46](#a_013) |
| [Experts](#a_014) | [S-46](#a_014) |

---

**Prospectus**

---

| | |
|:---|:---|
|  | <u>Page</u> |
| [About This Prospectus](#p_001) | [ii](#p_001) |
| [Where You Can Find More Information](#p_002) | [iii](#p_002) |
| [Special Note Concerning Forward-Looking Statements](#p_003) | [iv](#p_003) |
| [SouthState Corporation](#p_004) | [1](#p_004) |
| [Risk Factors](#p_005) | [3](#p_005) |
| [Use of Proceeds](#p_006) | [4](#p_006) |
| [Plan of Distribution](#p_007) | [5](#p_007) |
| [Description of Capital Stock](#p_008) | [7](#p_008) |
| [Description of Depositary Shares](#p_009) | [12](#p_009) |
| [Description of Warrants](#p_010) | [15](#p_010) |
| [Description of Stock Purchase Contracts](#p_011) | [17](#p_011) |
| [Description of Units](#p_012) | [18](#p_012) |
| [Description of Debt Securities](#p_013) | [19](#p_013) |
| [Validity of Securities](#p_014) | [20](#p_014) |
| [Experts](#p_015) | [20](#p_015) |

---

**About this Prospectus Supplement**

Unless the context indicates otherwise, the terms "SouthState," "Company," "we," "our" and "us" in this prospectus supplement and the accompanying prospectus refer to SouthState Corporation and its subsidiaries.

References to the "Bank" mean SouthState Bank, National Association. References to a particular year mean our fiscal year commencing on January 1 and ending on December 31 of that year.

This prospectus supplement and the accompanying prospectus incorporate by reference important business and financial information about us that is not included in or delivered with this document. This information, other than exhibits to documents that are not specifically incorporated by reference into this prospectus supplement or the accompanying prospectus, is available to you without charge upon written or oral request to SouthState at the address or telephone number indicated in the section entitled "Where You Can Find More Information" in this prospectus supplement.

This document contains two parts. The first part is this prospectus supplement, which contains specific information about us and the terms on which we are selling the Notes and adds to and updates information contained in the accompanying prospectus and the documents incorporated by reference herein. The second part is the accompanying prospectus dated June 10, 2025, which contains and incorporates by reference a more general description of the securities we may offer from time to time, some of which does not apply to the Notes we are offering, and important business and financial information about us. If information contained in this prospectus supplement differs or varies from the information contained in the accompanying prospectus, you should rely on the information set forth in this prospectus supplement.

Neither we nor the underwriters have authorized anyone to provide you with any information other than that contained or incorporated by reference in this prospectus supplement, the accompanying prospectus and any "free writing prospectus" prepared by or on behalf of us or to which we may have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We are not, and the underwriters are not, making an offer to sell the Notes in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement, the accompanying prospectus, any free writing prospectus relating to this prospectus supplement provided or approved by us and the documents incorporated by reference in either this prospectus supplement or the accompanying prospectus is accurate only as of the respective dates of those documents. Our business, financial condition, results of operations and prospects may have changed since those dates.

Before you invest in the Notes, you should carefully read the registration statement (including the exhibits thereto) of which this prospectus supplement and the accompanying prospectus form a part, this prospectus supplement, the accompanying prospectus and the documents incorporated by reference into this prospectus supplement and the accompanying prospectus. The incorporated documents are described under "Where You Can Find More Information."

ii

**Where You Can Find More Information**

We file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (the "SEC"). Our reports filed electronically with the SEC are available to the public over the Internet at the SEC's website at http://www.sec.gov.

We make available at no cost all of our reports filed electronically with the SEC through the investor relations page of our website at www.SouthStateBank.com. Except for those SEC filings incorporated by reference in this prospectus supplement or the accompanying prospectus, none of the other information on our website is part of this prospectus supplement or the accompanying prospectus or incorporated by reference herein or therein. You may request a copy of these filings, other than an exhibit to a filing (unless that exhibit is specifically incorporated by reference into that filing), at no cost. Requests should be sent to SouthState Corporation, Attention: Corporate Secretary, 1101 First Street South, Winter Haven, Florida 33880.

The SEC allows us to "incorporate by reference" much of the information that we file with it, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information that we incorporate by reference is an important part of this prospectus supplement and the accompanying prospectus. Any statement contained in a document incorporated or deemed to be incorporated by reference into this prospectus supplement or the accompanying prospectus will be deemed to be modified or superseded for purposes of this prospectus supplement or the accompanying prospectus to the extent that a statement contained in this prospectus supplement or the accompanying prospectus or any other subsequently filed document that is deemed to be incorporated by reference into this prospectus supplement or the accompanying prospectus modifies or supersedes the statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus supplement or the accompanying prospectus.

This prospectus supplement and the accompanying prospectus incorporate by reference the documents listed below and all documents we subsequently file with the SEC pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), prior to the termination of the offering of the securities described in this prospectus supplement; *provided*, *however*, that we are not incorporating by reference any documents, portions of documents or other information deemed to have been "furnished" and not "filed" with the SEC:

&nbsp;&nbsp;&nbsp;&nbsp;· our [Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm) (including
portions of our [Definitive Proxy Statement for our 2025 Annual Meeting of Shareholders filed with the SEC on March 11, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002644/ssb-20250423xdef14a.htm) , to the
extent specifically incorporated by reference in such Form 10-K) ;

&nbsp;&nbsp;&nbsp;&nbsp;· our [Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 2, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025006162/ssb-20250331x10q.htm) ; and

&nbsp;&nbsp;&nbsp;&nbsp;· our
Current Reports on Form 8-K filed with the SEC on [January 2, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000006/ssb-20250102x8k.htm) (excluding Item 7.01, Exhibit 99.1 and Exhibit 99.2), [January 13, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000154/ssb-20250108x8k.htm) , [January 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000361/ssb-20250123x8k.htm) (Item 8.01 only), [February 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000857/ssb-20250211x8k.htm) , [March 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002399/ssb-20250228x8k.htm) , [April 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005238/ssb-20250423x8k.htm) (excluding
our Current Report on Form 8-K furnished on [April 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005239/ssb-20250423x8k.htm) that includes information under Item 7.01 and related exhibits) and [April 24, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005410/ssb-20250424x8k.htm) (Item 8.01 only), and our Current Report on [Form 8-K/A filed with the SEC on March 5, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002235/ssb-20250102x8ka.htm) .

iii

**Special Note Concerning Forward-Looking Statements**

This prospectus supplement, the accompanying prospectus, the documents incorporated by reference or deemed incorporated by reference into this prospectus supplement or the accompanying prospectus and any other written or oral statements made by us from time to time may contain forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act. Forward-looking statements are based on, among other things, management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and our acquisition of Independent Bank Group, Inc. ("Independent") in an all-stock merger transaction (the "Merger"). Words and phrases such as "may," "approximately," "continue," "should," "expects," "projects," "anticipates," "is likely," "look ahead," "look forward," "believes," "will," "intends," "estimates," "strategy," "plan," "could," "potential," "possible" and variations of such words and similar expressions are intended to identify such forward-looking statements. We caution readers that forward-looking statements are subject to certain risks, uncertainties and assumptions that are difficult to predict with regard to, among other things, timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the following:

<u>Risks relating to our Business and Business Strategy</u>

· Economic volatility risk, as a result of monetary, fiscal, and trade law policies, such as tariffs, and inflation, potentially resulting
in higher rates, deterioration in the credit markets, inflation, greater than expected noninterest expenses, excessive loan losses, and
other negative consequences, or on the other hand, lower rates, which also may have other negative consequences, which risks could be
exacerbated by potential negative economic developments resulting from federal spending cuts and/or one or more federal budget-related
impasses or actions;

· Risks relating to the Merger and integration of SouthState and Independent, including, among others, (i) the risk that the cost
savings and any revenue synergies from the Merger may not be fully realized or may take longer than anticipated to be realized, (ii) the
risk that the integration of Independent's operations into SouthState's operations will be materially delayed or will be more
costly or difficult than expected or that the parties are otherwise unable to successfully integrate Independent's businesses into
SouthState's businesses, (iii) the amount of the costs, fees, expenses and charges related to the Merger, (iv) the risk
of deposit attrition, client loss or revenue loss that may be greater than anticipated, and (v) reputational risk and the reaction
of each company's customers, suppliers, employees or other business partners to the Merger;

· Risks related to the ability of the Company to pursue its strategic plans which depend upon certain growth goals in our lines of business
which are dependent on a variety of factors including economic conditions in the U.S. and globally, geopolitical factors including tariffs,
competition, and the regulatory environment;

· Interest rate risk and a decrease in our net interest income primarily resulting from our inability to effectively manage the risk,
and its impact on the Bank's earnings, including from the correspondent and mortgage divisions, housing demand and changes in mortgage
conditions, the market value of the Bank's loan and securities portfolios, and the market value of SouthState's equity;

· Inflationary risks negatively impacting our business and profitability, earnings and budgetary projections, or demand for our products
and services;

· Risks related to the costs of funds and our profitability and liquidity, and changes in our deposit mix and growth;

· Compliance, reputational and operational risks related to implementing new lines of business or new products and services and our
failure to successfully manage such risks;

· The impact of increasing digitization of the banking industry and movement of customers to on-line platforms, and the possible impact
on the Bank's results of operations, customer base, expenses, suppliers and operations;

· Risks related to the potential deterioration in real estate values and other adverse changes in mortgage conditions, higher risks
inherent in a loan portfolio that includes commercial real estate loans, environmental risks in our lending activities, and risks that
appraisals used in deciding whether to make a loan that is secured by real estate not ensuring the value of the real property collateral;

iv

· Risks related to (i) our ability to effectively manage credit risk, interest rate risk and liquidity risk affecting the Bank's
ability to meet its obligations when they come due; and (ii) an obligor's failure to meet the terms of any contract with the
Bank or otherwise fail to perform as agreed under the terms of any loan-related document;

· The results of our most recent stress tests not accurately predicting the impact on our financial condition if the economy were to
deteriorate;

· The impact of the Current Expected Credit Loss standard, merger activity, and global events on our allowance for credit losses;

· Risks related to maintaining adequate levels of capital to support our operations and the availability of additional capital when
needed due to our size and continued pace of growth;

· Controls and procedures risk, including the potential failure or circumvention of our controls and procedures or failure to comply
with regulations related to controls and procedures;

· Reputational and operational risks associated with sustainability, stewardship and governance matters, including the impact of state
legislation and inconsistent federal and state regulatory guidance and regulation;

· Risks related to losses arising from errors, omissions or fraudulent behavior by employees, clients, counterparties and third parties;

· Increased risk from the adoption and use of artificial intelligence tools by us and our third party vendors and service providers,
including risk of errors, omissions, unfair treatment or fraudulent behavior by our employees, clients, counterparties or other third
parties;

· Risks related to our reliance on and our ability to retain our culture and attract, retain, develop, and motivate qualified and highly
skilled personnel as we grow and are located in new markets, and being able to offer competitive salaries and benefits, including flexibility
of working remotely or in the office;

· Cybersecurity risk related to the dependence of SouthState on internal computer systems and the technology of outside service providers,
as well as the potential impacts of internal or external security breaches, which may subject the Company to potential business disruptions
or financial losses resulting from deliberate attacks or unintentional events;

· Transaction risk arising from problems with service or product delivery, and strategic risk resulting from adverse business decisions
or improper implementation of business decisions;

· Reputation risk that adversely affects earnings or capital arising from negative public opinion including the effects of social media
on market perceptions of us and banks generally;

· Operational, technological, cultural, regulatory, legal, credit and other risks associated with the exploration, consummation and
integration of potential future acquisitions, whether involving stock or cash consideration;

· Risks related to unexpected outflows of uninsured deposits requiring us to sell investment securities at a loss, price risks focusing
on changes in market factors that may affect the value of traded instruments in "mark-to-market" portfolios, and the loss
of value of our investment portfolio negatively impacting market perceptions of us, possibly resulting in deposit withdrawals;

· Risks relating to consumers opting not to use banks to complete their financial transactions; and

· Reputational risk and possible higher than estimated reduced revenue from previously announced or proposed regulatory changes in the
Bank's consumer programs and products.

<u>Risks relating to the Regulatory Environment</u>

· Risks related to the heightened expectations of regulatory agencies exposing the Company to regulatory enforcement actions and civil
penalties which could have an adverse material impact on the Company's business, financial condition, operations and reputation
and could jeopardize the Company's ability to pursue acquisition opportunities;

v

· Regulatory change risk resulting from new laws, rules, regulations, accounting principles, proscribed practices or ethical standards,
including, without limitation, the possibility that regulatory agencies may require higher levels of capital above the current regulatory-mandated
minimums, the impact of special FDIC assessments, the effects of Consumer Financial Protection Bureau regulations or other guidance, changes
in policies and standards for regulatory review of bank mergers, challenges to our income tax provision following changes to tax laws,
regulations or interpretations, and the possibility of changes in accounting standards, policies, principles and practices;

· Compliance risk involving risk to earnings or capital resulting from violations of or nonconformance with laws, rules, regulations,
prescribed practices, or ethical standards, and contractual obligations regarding data privacy and cybersecurity; and

· Risks relating to the legal, regulatory and supervisory environment, including periodic examination and scrutiny by a number of banking
agencies and any adjustments to our business resulting from such examinations, changes in financial services legislation and capital regulatory
requirements, regulations policies or government officials or other personnel.

<u>Risks relating to Economic Conditions and Other Outside Forces</u>

· Geopolitical and economic risks and market volatility associated with the political and economic environment and uncertainty surrounding
the potential legal, regulatory, and policy changes resulting from a new U.S. presidential administration, changes in the fiscal and monetary
policies of the federal government and its agencies, and changes to and instability in global economic conditions and geopolitical matters,
including as a result of possible tariffs or other trade disruptions;

· Risks related to a slowdown in economic growth or a resumption of recessionary economic conditions impacting inflationary pressures
and interest rates to dampen demand could adversely affect consumer confidence, loan payment patterns, and our charge-offs and the provision
for credit losses;

· Volatility in the financial services industry (including failures or rumors of failures of other depository institutions), along with
actions taken by governmental agencies to address such turmoil, could affect the ability of depository institutions, including us, to
attract and retain depositors and to borrow or raise capital;

· The impact of competition with other financial institutions, including deposit and loan pricing pressures and the resulting impact,
including as a result of compression to net interest margin;

· Catastrophic events such as hurricanes, tornados, earthquakes, floods or other natural or human disasters, including public health
crises and infectious disease outbreaks, as well as any government actions in response to such events, and the related disruption to local,
regional and global economic activity and financial markets, and the impact that any of the foregoing may have on SouthState and its customers
and other constituencies; and

· Risks that lawsuits, legal proceedings, information-gathering requests, investigations, and proceedings by governmental and self-regulatory
agencies result in significant civil or criminal penalties, including monetary penalties, damages, adverse judgments, settlements, fines,
injunctions, restrictions on the way the Company and the Bank conduct their business, or reputational harm.

All forward looking statements attributable to our Company are expressly qualified in their entirety by these cautionary statements and we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 in connection with any such statement. We do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. There is no assurance that future results, levels of activity, performance or goals will be achieved.

For additional information that you should consider carefully in evaluating these forward-looking statements, see the section entitled "Risk Factors" on page S-7 of this prospectus supplement as well as the factors set forth under the "Risk Factors" section in the accompanying prospectus and in any other documents incorporated or deemed to be incorporated by reference therein or herein, including our [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), as such discussion may be amended or updated by other reports filed by us with the SEC.

vi

**Prospectus Supplement Summary**

This summary highlights selected information from this prospectus supplement and does not contain all of the information that you should consider in making your investment decision. You should read this summary together with the more detailed information appearing elsewhere in this prospectus supplement, as well as the information in the accompanying prospectus and in the documents incorporated by reference or deemed incorporated by reference into this prospectus supplement and the accompanying prospectus. You should carefully consider, among other things, the matters discussed in the sections titled "Risk Factors" in this prospectus supplement, the accompanying prospectus, and our [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm). In addition, certain statements include forward-looking information that involves risks and uncertainties. See "Special Note Concerning Forward-Looking Statements" in this prospectus supplement.

**Overview**

SouthState Corporation is a financial holding company headquartered in Winter Haven, Florida, and was incorporated under the laws of South Carolina in 1985. We provide a wide range of banking services and products to our customers through our Bank. The Bank operates SouthState\|Duncan-Williams Securities Corp. ("SouthState\|Duncan-Williams"), a registered broker-dealer headquartered in Memphis, Tennessee that serves primarily institutional clients across the U.S. in the fixed income business. The Bank also operates SouthState Advisory, Inc., a wholly-owned registered investment advisor, and Private Capital Management, also a wholly-owned registered investment advisor which it acquired through the Independent acquisition completed on January 1, 2025. The Bank, through its Corporate Billing Division, provides factoring, invoicing, collection and accounts receivable management services to transportation companies and automotive parts and service providers nationwide. In 2023, the Bank formed SSB First Street Corporation, an investment subsidiary headquartered in Wilmington, Delaware, to hold tax-exempt municipal investment securities as part of the Bank's investment portfolio. The holding company also owns SSB Insurance Corp., a captive insurance subsidiary pursuant to Section 831(b) of the U.S. Tax Code.

We also operate a correspondent banking and capital markets division within our national bank subsidiary, of which the majority of its bond salesmen, traders and operational personnel are housed in facilities located in Atlanta, Georgia, Memphis, Tennessee, Walnut Creek, California, and Birmingham, Alabama. This division's primary revenue generating activities are related to its capital markets division, which includes commissions earned on fixed income security sales, fees from hedging services, loan brokerage fees and consulting fees for services related to these activities; and its correspondent banking division, which includes spread income earned on correspondent bank deposits (i.e., federal funds purchased) and correspondent bank checking account deposits and fees from safe-keeping activities, bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services.

At March 31, 2025, we had $65.1 billion in assets and 6,405 full-time equivalent employees. Through our Bank branches, ATMs and online banking platforms, we provide our customers with a wide range of financial products and services, through an eight state footprint in Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina, Texas, and Virginia. These financial products and services include deposit accounts such as checking accounts, savings and time deposits of various types, safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services and alternative investment products such as annuities and mutual funds, trust and asset management services, loans of all types, including business loans, agriculture loans, real estate-secured (mortgage) loans, personal use loans, home improvement loans, automobile loans, manufactured housing loans, boat loans, credit cards, letters of credit, home equity lines of credit, treasury management services, and merchant services.

We have pursued, and continue to pursue, a growth strategy that focuses on organic growth, supplemented by acquisitions of select financial institutions, or branches in certain market areas.

**Recent Events**

***Independent Merger***

On January 1, 2025, the Company acquired Independent, a Texas-based corporation, the bank holding company for Independent Bank, doing business as Independent Financial, in an all-stock transaction. Pursuant to the Agreement dated May 17, 2024, shareholders of Independent received 0.60 shares of the Company's common stock in exchange for each share of Independent stock resulting in the Company issuing 24,858,731 shares of its common stock. In total, the purchase price for Independent was $2.5 billion.

***Change in Domicile***

Our Board of Directors and our shareholders have approved to change the Company's domicile from the State of South Carolina to the State of Florida (the "Re-domiciliation") pursuant to the terms of that certain Agreement and Plan of Merger (the "Domicile Merger Agreement"). We will effect the Re-domiciliation by forming a new, wholly owned subsidiary of the Company under the laws of the State of Florida ("SouthState-FL") and then merging the Company with and into SouthState-FL, with SouthState-FL surviving the merger (the "Domicile Merger") as provided in the South Carolina Business Corporation Act and the Florida Business Corporation Act, pursuant to the terms of the Domicile Merger Agreement. Approval of the Domicile Merger also constituted approval of the Domicile Merger Agreement. The Re-domiciliation will not result in a material change in our business, management, assets, liabilities, or net worth. The Domicile Merger will become effective upon the filing of the requisite merger documents in South Carolina and Florida, which is expected to occur in the third quarter of 2025. Our Board of Directors, however, may determine to abandon the Domicile Merger even after approval by our shareholders.

**Corporate Information**

Our principal executive offices are located at 1101 First Street South, Suite 202, Winter Haven, Florida 33880. Our telephone number is (863) 293-4710 and our website is www.SouthStateBank.com. The information on our website is not part of this prospectus supplement.

**The Offering**

The following summary highlights selected information from this prospectus supplement and the accompanying prospectus about the Notes and this offering. This description is not complete and does not contain all of the information that you should consider before investing in the Notes. You should read this prospectus supplement and the accompanying prospectus, as well as the documents incorporated by reference or deemed to be incorporated by reference herein and therein, carefully before making a decision about whether to invest in the Notes. For a more complete understanding of the Notes, you should read "Description of the Notes."

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| Issuer | SouthState Corporation, a South Carolina corporation and a financial holding company. |
| Notes Offered | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% Fixed-to-Floating Rate Subordinated Notes due 2035. |
| Aggregate Principal Amount | $|
| Issue Price | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% |
| Maturity Date | The Notes will mature on , 2035. |
| Interest | *Fixed rate period*: A fixed rate per annum of %.<br>*Floating rate period*: A floating per annum rate equal to the base rate (as described below) plus basis points for each Floating Rate Interest Payment Period (as defined below); provided, however, that in the event the base rate is less than zero, the base rate shall be deemed to be zero. |
| Floating Rate Period Interest Base Rate | The base rate means SOFR (compounded daily over a quarterly Observation Period (as defined below) in accordance with the specific formula described in this prospectus supplement). As further described in this prospectus supplement, (i) in determining the base rate for a U.S. Government Securities Business Day (as defined herein), the base rate generally will be the rate in respect of such day that is provided on the following U.S. Government Securities Business Day and (ii) in determining the base rate for any other day, such as a Saturday, Sunday or holiday, the base rate generally will be the rate in respect of the immediately preceding U.S. Government Securities Business Day that is provided on the following U.S. Government Securities Business Day. |
| Interest Payment Dates | *Fixed rate period*: and of each year, commencing on , 2025. The last interest payment date for the fixed rate period will be , 2030. |
|  | *Floating rate period*: and of each year, commencing on , 2030 (each such date, a "Floating Rate Interest Payment Date"). |
| Floating Rate Interest Payment Periods | The floating rate interest payment periods for the Notes mean the quarterly periods from and including each Floating Rate Interest Payment Date (or from and including the Interest Reset Date in the case of the first Floating Rate Interest Payment Period) to, but excluding, the next succeeding Floating Rate Interest Payment Date (the "Floating Rate Interest Payment Periods"). |

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| Observation Period | In respect of each Floating Rate Interest Payment Period, the Observation Period (the "Observation Period") means the period from, and including, the date two U.S. Government Securities Business Days preceding the first date in such Floating Rate Interest Payment Period to, but excluding, the date two U.S. Government Securities Business Days preceding the Floating Rate Interest Payment Date for such interest period. |
| Record Dates | Interest on each Note will be payable to the person in whose name such Note is registered on the 15th day immediately preceding the applicable interest payment date. |
| Day Count Convention | *Fixed rate period*: 360-day year consisting of twelve 30-day months. |
|  | *Floating rate period*: 360-day year and the actual number of days elapsed. |
| No Guarantee | The Notes will not be guaranteed by any of our subsidiaries. As a result, the Notes will be structurally subordinated to the liabilities of our subsidiaries as discussed below under "Ranking; Subordination." |
| Ranking; Subordination | The Notes offered by this prospectus supplement will be issued by us under a Subordinated Debt Indenture between SouthState and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), to be dated as of the issue date (the "Base Indenture"), as supplemented by a First Supplemental Indenture between SouthState and the Trustee, to be dated as of the issue date (the "First Supplemental Indenture"). We refer to the Base Indenture, as supplemented by the First Supplemental Indenture, as the "Indenture." The Notes will be our unsecured, subordinated obligations and: |
| Ranking; Subordination | · will rank junior in right of payment and upon our liquidation to any of our existing and all future Senior Indebtedness (as defined in the Indenture), all as described under "Description of the Notes"; |
| Ranking; Subordination | · will rank junior in right of payment and upon our liquidation to any of our future general creditors; |
| Ranking; Subordination | · will rank equal in right of payment and upon our liquidation with all of our future indebtedness the terms of which provide that such indebtedness ranks equally with promissory notes, bonds, debentures and other evidences of indebtedness of types that include the Notes; |
| Ranking; Subordination | · will rank senior in right of payment and upon our liquidation to any of our future indebtedness the terms of which provide that such indebtedness ranks junior in right of payment to promissory notes, bonds, debentures and other evidences of indebtedness of types that include the Notes; and |
| Ranking; Subordination | · will be structurally subordinated to our existing and future indebtedness, deposits and other liabilities of the Company's current and future subsidiaries, including without limitation, the Bank's liabilities to depositors in connection with the deposits, as well as liabilities to general creditors and liabilities arising in the ordinary course of business or otherwise. |

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|  | As of March 31, 2025, on a consolidated basis, the aggregate outstanding principal amount of our borrowings totaled approximately $755.9 million, none of which would rank senior to the Notes. |
|  | The Indenture does not limit the amount of additional indebtedness we or our subsidiaries may incur. |
| Form and Denomination | The Notes will be offered in book-entry form only through the facilities of The Depository Trust Company (with its successors, "DTC") in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. |
| Optional Redemption | We may, at our option, beginning with the interest payment date of , 2030, and on any interest payment date thereafter, redeem the Notes, in whole or in part, from time to time, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the rules of the Federal Reserve, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. |
| Special Redemption | We may also redeem the Notes at any time prior to their maturity, including prior to , 2030, in whole, but not in part, subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the rules of the Federal Reserve, if: (i) we receive an opinion of independent tax counsel to the effect that as a result of an amendment or change (including any announced prospective amendment or change) in law occurs, or an administrative or judicial action is announced or taken or there is an amendment to or change in any official position with respect to, or interpretation of, an administrative or judicial action or a law or regulation that differs from the previously generally accepted position or interpretation, in each case that, as a result of which, there is more than an insubstantial risk that interest payable by us on the Notes is not, or within 90 days of the date of such opinion, will not be deductible by us, in whole or in part, for U.S. federal income tax purposes; (ii) a subsequent event occurs that, as a result of which, there is more than an insubstantial risk that we would not be entitled to treat the Notes as Tier 2 capital for regulatory capital purposes; or (iii) we are required to register as an investment company under the Investment Company Act of 1940, as amended; in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest to, but excluding, the redemption date. For more information, see "Description of the Notes—Redemption." |
| Sinking Fund | There is no sinking fund for the Notes. |
| Future Issuances | The Notes will initially be limited to an aggregate principal amount of $. We may, from time to time, without notice to or consent of the holders of the Notes, increase the aggregate principal amount of the Notes outstanding by issuing additional Notes in the future with the same terms as the Notes, except for the issue date, the offering price and the first interest payment date, and such additional notes may be consolidated with the Notes issued in this offering and form a single series; *provided* that if any such additional notes are not fungible with the Notes for U.S. federal income tax purposes, such additional notes will have a separate CUSIP or other identifying number. |

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| Use of Proceeds | We estimate that the net proceeds from this offering will be approximately $, after deducting the underwriting discount and our estimated offering expenses. We intend to use the net proceeds of this offering for general corporate purposes, which may include, but are not limited to, the partial or full redemption of our 5.750% fixed-to-floating rate subordinated notes due 2030 and financing working capital needs. See "Use of Proceeds." |
| Listing | The Notes will not be listed on any securities exchange or quoted on any quotation system. Currently, there is no market for the Notes, and there is no assurance that any public market for the Notes will develop. |
| ERISA Considerations | For a discussion of certain prohibited transactions and fiduciary duty issues pertaining to purchases by or on behalf of an employee benefit plan, see "Certain ERISA Considerations." |
| U.S. Federal Income Tax Considerations | For a discussion of material U.S. federal income tax considerations of purchasing, owning and disposing of the Notes, see "Material U.S. Federal Income Tax Considerations." |
| Governing Law | The Notes and the Indenture will be governed by the laws of the State of New York. |
| Trustee | U.S. Bank Trust Company, National Association |
| Risk Factors | Investing in the Notes involves risks. Potential investors are urged to read and consider the risk factors relating to an investment in the Notes set forth under "Risk Factors" beginning on page S-17 of this prospectus supplement, as well as the risk factors and other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus, for a discussion of factors that you should carefully consider before deciding whether to invest in the Notes. |

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**Risk Factors**

*An investment in our securities is subject to risks inherent to our business. Before making an investment decision, you should carefully consider the risks and uncertainties described below together with the risk factors and other information included in our [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), our [Quarterly Report on Form 10-Q for the quarter ended March 31, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025006162/ssb-20250331x10q.htm) and in other documents that we subsequently filed with the SEC, all of which are incorporated by reference into this prospectus supplement and the accompanying prospectus. You should also carefully consider the risk factors and other information included in SouthState's [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), which is incorporated by reference into this prospectus supplement and the accompanying prospectus. Additional risks and uncertainties that management is not aware of or that management currently deems immaterial may also impair our business operations. See also the discussion under the heading "Special Note Concerning Forward-Looking Statements." This prospectus supplement and the accompanying prospectus are qualified in their entirety by these risk factors. If any of these risks actually occurs, our financial condition and results of operations could be materially and adversely affected. If this were to happen, the value of our securities could decline significantly, and you could lose all or part of your investment.*

**Risk Factors Related to the Notes**

***The Notes will be unsecured and subordinated to any existing and future senior indebtedness.***

The Notes will be subordinated obligations of SouthState. Accordingly, they will be junior in right of payment to any existing and all future senior indebtedness, and in certain events of insolvency, to other financial obligations as described under "Description of the Notes." Our senior indebtedness includes all indebtedness, except indebtedness that is expressly subordinated to or ranked *pari passu* with the Notes, subject to certain exceptions. The Notes will rank equally with all other unsecured subordinated indebtedness of SouthState issued in the future under the Indenture. In addition, the Notes will be structurally subordinated to all existing and future indebtedness, liabilities and other obligations, including deposits, of our subsidiaries, including the Bank. As of March 31, 2025, on a consolidated basis, the aggregate outstanding principal amount of our borrowings totaled approximately $755.9 million, none of which would rank senior to the Notes.

In addition, the Notes will not be secured by any of our assets. As a result, the Notes will be effectively subordinated to all of our secured indebtedness to the extent of the value of the assets securing such indebtedness. The Indenture governing the Notes does not limit the amount of senior indebtedness and other financial obligations or secured obligations that we or our subsidiaries may incur.

As a result of the subordination provisions described above, holders of the Notes may not be fully repaid in the event of our bankruptcy, liquidation or reorganization.

***The Notes will not be insured or guaranteed by the FDIC, any other governmental agency or any of our subsidiaries. The Notes will be structurally subordinated to the indebtedness and other liabilities of our subsidiaries, which means that creditors of our subsidiaries generally will be paid from those subsidiaries' assets before holders of the Notes would have any claims to those assets.***

The Notes are not savings accounts, deposits or other obligations of the Bank or any of our non-bank subsidiaries and are not insured or guaranteed by the FDIC or any other governmental agency or public or private insurer. The Notes are obligations of SouthState only and are neither obligations of, nor guaranteed by, any of our subsidiaries. The Notes will be structurally subordinated to all existing and future indebtedness and other liabilities of our subsidiaries, which means that creditors of our subsidiaries (including, in the case of the Bank, its depositors) generally will be paid from those subsidiaries' assets before holders of the Notes would have any claims to those assets. Even if we become a creditor of any of our subsidiaries, our rights as a creditor would be subordinate to any security interest in the assets of that subsidiary and any debt of that subsidiary senior to that held by us, and our rights could otherwise be subordinated to the rights of other creditors and depositors of that subsidiary. Furthermore, none of our subsidiaries is under any obligation to make payments to us, and any payments to us would depend on the earnings or financial condition of our subsidiaries and various business considerations. Statutory, contractual or other restrictions also limit our subsidiaries' ability to pay dividends or make distributions, loans or advances to us. For these reasons, we may not have access to any assets or cash flows of our subsidiaries to make interest and principal payments on the Notes.

***The Indenture governing the Notes does not contain any limitations on our ability to incur additional indebtedness, grant or incur a lien on our assets, sell or otherwise dispose of assets, pay dividends or repurchase our capital stock.***

Neither we nor any of our subsidiaries is restricted from incurring additional indebtedness or other liabilities, including additional senior or subordinated indebtedness, under the Indenture governing the terms of the Notes. If we incur additional indebtedness or liabilities, our ability to pay our obligations on the Notes could be adversely affected. We expect that we will from time to time incur additional indebtedness and other liabilities. In addition, we are not restricted under the Indenture governing the Notes from granting or incurring a lien on any of our assets, selling or otherwise disposing of any of our assets, paying dividends or issuing or repurchasing our securities including our regular quarterly dividend and share repurchases pursuant to our previously announced share repurchase program.

In addition, there are no financial covenants in the Indenture governing the Notes. Except as expressly provided in the Indenture, you are not protected under the Indenture governing the Notes in the event of a highly leveraged transaction, reorganization, default under our existing indebtedness, restructuring, merger or similar transaction that may adversely affect you. See "Description of the Notes — Consolidation, Merger and Sale of Assets."

***Payments on the Notes will depend on receipt of dividends and distributions from our subsidiaries.***

We are a financial holding company and we conduct substantially all of our operations through subsidiaries, including the Bank. We depend on dividends, distributions and other payments from our subsidiaries to meet our obligations, including to fund payments on the Notes.

There are limitations on the payment of dividends by the Bank to the Company. The Office of the Comptroller of the Currency (the "OCC") has the general authority to limit the dividends paid by the Bank if such payment may be deemed to constitute an unsafe and unsound practice. The Bank may not pay dividends from its paid-in surplus. All dividends must be paid out of undivided profits then on hand, after deducting expenses, including reserves for losses and bad debts. In addition, a national bank, such as the Bank, is prohibited from declaring a dividend on its shares of common stock until its surplus equals its stated capital, unless there has been transferred to surplus no less than one/tenth of the bank's net profits of the preceding two consecutive half-year periods (in the case of an annual dividend). The approval of the OCC is required if the total of all dividends declared by a national bank in any calendar year exceeds the total of its net profits for that year combined with its retained net profits for the preceding two years, less any required transfers to surplus. The Bank also may not pay dividends if payment would cause it to become undercapitalized or if it is already undercapitalized and must maintain a common equity Tier 1 capital conservation buffer of 2.5% to avoid becoming subject to restrictions on capital distributions, including dividends. Further, contractual or other restrictions may also limit our subsidiaries' abilities to pay dividends or make distributions, loans or advances to us. See the information under "Supervision and Regulation — Dividend Restrictions" in Item 1, "Business," in our annual report on Form 10-K for the year ended December 31, 2024. For these reasons, we may not have access to any assets or cash flow of our subsidiaries to make principal or interest payments on the Notes.

***We may not be able to generate sufficient cash to service all of our debt, including the Notes.***

Our ability to make scheduled payments of principal and interest, or to satisfy our obligations in respect of our debt or to refinance our debt, will depend on our future performance of our operating subsidiaries. Prevailing economic conditions (including interest rates), regulatory constraints, including, without limitation, limiting distributions to us from the Bank and required capital levels with respect to the Bank and financial, business and other factors, many of which are beyond our control, will also affect our ability to meet these needs. Our subsidiaries may not be able to generate sufficient cash flows from operations, or we may be unable to obtain future borrowings in an amount sufficient to enable us to pay our debt, or to fund our other liquidity needs. We may need to refinance all or a portion of our debt on or before maturity. We may not be able to refinance any of our debt when needed (including, without limitation, upon commencement of the floating rate period) on commercially reasonable terms or at all.

***Regulatory guidelines may restrict our ability to pay the principal of, and accrued and unpaid interest on, the Notes, regardless of whether we are the subject of an insolvency proceeding.***

As a financial holding company, our ability to pay the principal of, and interest on, the Notes is subject to the rules and guidelines of the Federal Reserve regarding capital adequacy. We intend to treat the Notes as "Tier 2 capital" under these rules and guidelines. The Federal Reserve guidelines generally require us to review the effects of the cash payment of Tier 2 capital instruments, such as the Notes, on our overall financial condition. The guidelines also require that we review our net income for the current and past four quarters, and the amounts we have paid on Tier 2 capital instruments for those periods, as well as our projected rate of earnings retention. Moreover, pursuant to federal law and Federal Reserve regulations, as a bank holding company, we are required to act as a source of financial and managerial strength to the Bank and commit resources to its support, including, without limitation, the guarantee of its capital plans if it is undercapitalized. Such support may be required at times when we may not otherwise be inclined or able to provide it. As a result of the foregoing, we may be unable to pay accrued interest on the Notes on one or more of the scheduled interest payment dates, or at any other time, or the principal of the Notes at the maturity of the Notes.

If we were to be the subject of a bankruptcy proceeding under Chapter 11 of the U.S. Bankruptcy Code, then the bankruptcy trustee would be deemed to have assumed, and would be required to cure, immediately any deficit under any commitment we have to any of the federal banking agencies to maintain the capital of the Bank, and any other insured depository institution for which we have such a responsibility, and any claim for breach of such obligation would generally have priority over most other unsecured claims.

***Holders of the Notes will have limited rights, including limited rights of acceleration, if there is an event of default.***

Payment of principal on the Notes may be accelerated only in the case of certain events of bankruptcy or insolvency involving us or the Bank. There is no automatic acceleration, or right of acceleration, in the case of default in the payment of principal of or interest on the Notes, or in the performance of any of our other obligations under the Notes or the Indenture governing the Notes. Our regulators can, in the event we or the Bank become subject to an enforcement action, prohibit the Bank from paying dividends to us, and prevent our payment of interest or principal on the Notes and any dividends on our capital stock, but such limits will not permit acceleration of the Notes. See "Description of the Notes — Defaults; Events of Default; Limited Rights of Acceleration."

***An active trading market for the Notes may not develop.***

The Notes constitute a new issue of securities for which there is no existing trading market. We do not intend to apply for listing of the Notes on any securities exchange or for quotation of the Notes in any automated dealer quotation system. We cannot provide you with any assurance regarding whether a trading market for the Notes will develop, the ability of holders of the Notes to sell their Notes or the prices at which holders may be able to sell their Notes. The underwriters have advised us that they currently intend to make a secondary market in the Notes. The underwriters, however, are not obligated to do so, and any market-making with respect to the Notes may be discontinued at any time without notice. You should also be aware that there may be a limited number of buyers when you decide to sell your Notes. This may affect the price you receive for your Notes or your ability to sell your Notes at all. Investors in the Notes may not be able to sell the Notes at all or may not be able to sell the Notes at prices that will provide them with a yield comparable to similar investments that have a developed secondary market, and may consequently suffer from increased pricing volatility and market risk.

***If a trading market for the Notes develops, changes in the debt markets, among others, could adversely affect your ability to liquidate your investment in the Notes and the market price of the Notes.***

Many factors could affect the trading market for, and the trading value of, the Notes. These factors include: the method of calculating the principal, premium, if any, interest or other amounts payable, if any, on the Notes; the time remaining to the maturity of the Notes; the ranking of the Notes; the redemption features of the Notes; the outstanding amount of subordinated notes with terms identical to the Notes offered hereby; the prevailing interest rates being paid by other companies similar to us; changes in U.S. interest rates; whether the ratings on the Notes or us provided by any rating agency have changed; our financial condition, financial performance and future prospects; the level, direction and volatility of market interest rates generally; general economic conditions of the capital markets in the United States; and geopolitical conditions and other financial, political, regulatory, and judicial events that affect the capital markets generally. The condition of the financial markets and prevailing interest rates have fluctuated significantly in the past and are likely to fluctuate in the future. Such fluctuations could adversely affect the trading market (if any) for, and the market price of, the Notes.

***Because the Notes may be redeemed at our option under certain circumstances prior to their maturity, if we elect to redeem all or any portion of the Notes, you may be subject to reinvestment risk.***

On or after , 2030, we may, at our option, redeem the Notes in whole or in part on each interest payment date. In addition, we may also redeem the Notes prior to maturity, at our option, in whole but not in part, if: (i) we receive an opinion from independent tax counsel to the effect that as a result of an amendment or change (including any announced prospective amendment or change) in law, an administrative or judicial action (including an announcement thereof) or an amendment to or change in any official position with respect to, or interpretation of, an administrative or judicial action or a law or regulation that differs from the previously generally accepted position or interpretation, there is more than an insubstantial risk that interest payable by us on the Notes is not, or within 90 days of the date of such opinion, will not be deductible by us, in whole or in part, for U.S. federal income tax purposes; (ii) a subsequent event occurs that, as a result of which, there is more than an insubstantial risk that we would not be entitled to treat the Notes as Tier 2 capital for regulatory capital purposes; or (iii) we are required to register as an investment company under the Investment Company Act of 1940, as amended. The redemption price for any redemption is 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Any early redemption of the Notes will be subject to the receipt of the approval of the Federal Reserve, to the extent then required under applicable laws or regulations, including capital regulations. Any such redemption may have the effect of reducing the income or return that you may receive on an investment in the Notes by reducing the term of the investment. Under current regulatory capital guidelines, the aggregate principal amount of the Notes that will count as Tier 2 capital will be reduced by 20% in each of the last five years prior to the Maturity Date of the Notes. As a result, we may be more likely to redeem the Notes prior to their Maturity Date. If this occurs, you may not be able to reinvest the proceeds at an interest rate comparable to the rate paid on the Notes. See "Description of the Notes — Redemption."

We may elect to redeem the Notes on or after the date on which they become redeemable at our option; however, investors should not expect us to make such election on such date when the Notes are first redeemable. Under Federal Reserve regulations, unless the Federal Reserve authorizes us in writing to do otherwise, we may not redeem the Notes unless they are replaced with other Tier 2 capital instruments or unless we can demonstrate to the satisfaction of the Federal Reserve that, following redemption, we will continue to hold capital commensurate with our risk.

***The amount of interest payable on the Notes will vary after , 2030.***

During the fixed rate period, the Notes will bear interest at an initial rate of % per annum. Thereafter, the Notes will bear interest at a floating rate per annum equal to the base rate (calculated as described in this prospectus supplement) plus basis points, subject to the provisions under "Description of the Notes — Interest." The per annum interest rate that is determined at the Reference Time for each Floating Rate Interest Payment Period will apply to the entire Floating Rate Interest Payment Period following such determination date even if the base rate increases during that period.

Floating rate notes bear additional significant risks not associated with fixed rate debt securities. These risks include fluctuation of the interest rates and the possibility that you will receive an amount of interest that is lower than expected. We have no control over a number of matters, including, without limitation, economic, financial, and political events, that are important in determining the existence, magnitude, and longevity of market volatility and other risks and their impact on the value of, or payments made on, the Notes. In recent years, interest rates have been volatile, and that volatility may be expected in the future.

***Our published credit ratings may not reflect all risks of an investment in the Notes.***

The published credit ratings of us or our indebtedness are an assessment by rating agencies of our ability to pay our debts when due. These ratings are not recommendations to purchase, hold or sell the Notes, inasmuch as the ratings do not comment as to market price or suitability for a particular investor, are limited in scope, and do not address all material risks relating to an investment in the Notes, but rather reflect only the view of each rating agency at the time the rating is issued. The published credit ratings assigned to the Notes may not reflect the potential impact of all risks related to structure and other factors on any trading market for, or trading value of, the Notes.

Accordingly, you should consult your own financial and legal advisors as to the risks entailed by an investment in the Notes and the suitability of investing in the Notes in light of your particular circumstances.

***A downgrade in our credit ratings or the ratings of our subsidiaries could have a material adverse impact on us.***

Rating agencies continuously evaluate us and our subsidiaries, and their ratings of our long-term and short-term debt are based on a number of factors, including financial strength, as well as factors not entirely within our control, such as conditions affecting the financial services industry generally. In light of these reviews and the continued focus on the financial services industry generally, we and our subsidiaries may not be able to maintain our current credit ratings. Ratings downgrades by a rating agency could have a significant and immediate impact on our funding and liquidity through cash obligations, reduced funding capacity and collateral triggers. A reduction in our or our subsidiaries' credit ratings could also increase our borrowing costs and limit access to the capital markets.

Downgrades in the credit or financial strength ratings assigned to the counterparties with whom we transact could create the perception that our financial condition will be adversely impacted as a result of potential future defaults by such counterparties. Additionally, we could be adversely affected by a general, negative perception of financial institutions caused by the downgrade of other financial institutions. Accordingly, ratings downgrades for other financial institutions could affect the market price of our stock and could limit our access to or increase our cost of capital.

***We or an affiliate of ours will or could have authority to make determinations and elections that could affect the return on, value of and market for the Notes.***

Under the terms of the Notes, we may make certain determinations, decisions and elections with respect to the base rate on the Notes during the floating rate period, including, without limitation, any determination, decision or election required to be made by the calculation agent that the calculation agent fails to make. We will make any such determination, decision or election in our sole discretion, and any such determination, decision or election that we make could affect the amount of interest that accrues on the Notes during any Floating Rate Interest Payment Period. If the calculation agent fails, when required, to make a determination that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, or fails, when required, to determine the Benchmark Replacement and Benchmark Replacement Adjustment, then we will make those determinations in our sole discretion. Furthermore, we or an affiliate of ours may assume the duties of calculation agent. We will act as the initial calculation agent and we cannot assure you that we will appoint an independent third-party calculation agent at any time. Any exercise of discretion by us under the terms of the Notes, including, without limitation, any discretion exercised by us or by an affiliate acting as calculation agent, could present a conflict of interest. In making the required determinations, decisions and elections, we or an affiliate of ours acting as calculation agent may have economic interests that are adverse to the interest of the holders of the Notes, and those determinations, decisions or elections could have a material adverse effect on the yield on, value of and market for the Notes. All determinations, decisions or elections by us, or by us or an affiliate acting as calculation agent, under the terms of the Notes will be conclusive and binding absent manifest error.

***The Notes may be issued with original issue discount for U.S. federal income tax purposes.***

The Notes may be issued with original issue discount for U.S. federal income tax purposes. In such case, holders subject to U.S. federal income taxation, whether on the cash or accrual method of tax accounting, generally would be required to include any amounts representing original issue discount in gross income (as ordinary income) as the original issue discount accrues on a constant yield to maturity basis, in advance of the receipt of cash payments to which such income is attributable. See "Material U.S. Federal Income Tax Considerations."

**Risk Factors Related to SOFR**

***SOFR has a limited history; the future performance of SOFR cannot be predicted based on historical performance*** *.***

The Federal Reserve Bank of New York ("FRBNY") started publishing SOFR in April of 2018, and it therefore has a limited history. While some pre-publication historical data have been released by FRBNY, such analysis inherently involves assumptions, estimates and approximations. In addition, the future performance of SOFR is impossible to predict and therefore no future performance of SOFR or the notes may be inferred from any of the historical simulations or historical performance. Investors should not rely on such historical indicative data or on any historical changes or trends in SOFR as an indicator of the future performance of SOFR. Since the initial publication of SOFR, daily changes in the rate have, on occasion, been more volatile than daily changes in comparable benchmark or market rates, and SOFR over time may bear little or no relation to the historical actual or historical indicative data. In addition, the return on and value of the Notes may fluctuate more than floating rate securities that are linked to less volatile rates.

***Changes in SOFR could adversely affect holders of the Notes.***

Because SOFR is published by FRBNY based on data received from other sources, we have no control over its determination, calculation or publication. There is no assurance that SOFR will not be discontinued or fundamentally altered in a manner that is materially adverse to the interests of investors in the Notes. If the manner in which SOFR is calculated is changed, that change may result in a reduction in the amount of interest that accrues on the Notes during the floating rate period, which may adversely affect the trading prices of the Notes. Further, if the base rate on the Notes during the floating rate period on any determination date declines to zero or becomes negative, the interest rate will be deemed to equal zero. In addition, once the base rate for the Notes for each Floating Rate Interest Payment Period is determined by the calculation agent on the determination date, interest on the Notes shall accrue at such base rate for the applicable Floating Rate Interest Payment Period and will not be subject to change during such Floating Rate Interest Payment Period. There is no assurance that changes in SOFR could not have a material adverse effect on the yield on, value of and market for the Notes.

***The composition and characteristics of SOFR*** ***are not the same as those of LIBOR and there is no guarantee that either SOFR or the base rate is a comparable substitute for LIBOR.***

In June 2017, the Alternative Reference Rates Committee ("ARRC") convened by the Federal Reserve and FRBNY announced SOFR as its recommended alternative to London interbank offered rate ("LIBOR") for U.S. dollar obligations. However, because SOFR is a broad U.S. Treasury repo financing rate that represents overnight secured funding transactions, it differs fundamentally from LIBOR. For example, SOFR is a secured overnight rate, while LIBOR is an unsecured rate that represents interbank funding over different maturities. In addition, because SOFR is a transaction-based rate, it is backward-looking, whereas LIBOR is forward-looking. Because of these and other differences, there is no assurance that SOFR will perform in the same way as LIBOR would have performed at any time, and there is no guarantee that it is a comparable substitute for LIBOR, time, including, without limitation, as a result of changes in interest and yield rates in the market, market volatility or global, national or regional economic, financial, political, regulatory, judicial or other events. For example, since publication of SOFR began, daily changes in SOFR have, on occasion, been more volatile than daily changes in comparable benchmark or other market rates.

***Any failure of SOFR to maintain market acceptance could adversely affect the Notes.***

SOFR may fail to maintain market acceptance. SOFR was developed for use in certain U.S. dollar derivatives and other financial contracts as an alternative to U.S. dollar LIBOR in part because it is considered to be a good representation of general funding conditions in the overnight U.S. Treasury repo market. However, as a rate based on transactions secured by U.S. Treasury securities, it does not measure bank-specific credit risk and, as a result, is less likely to correlate with the unsecured short-term funding costs of banks. This may mean that market participants would not consider SOFR a suitable substitute or successor for all of the purposes for which LIBOR historically has been used (including, without limitation, as a representation of the unsecured short-term funding costs of banks), which may, in turn, lessen market acceptance of SOFR. Any failure of SOFR to maintain market acceptance could adversely affect the return on the Notes and the price at which you can sell such Notes.

***If SOFR is discontinued, the Notes will bear interest during the floating rate period by reference to a different base rate, which could adversely affect the value of the Notes, the return on the Notes and the price at which you can sell such Notes; there is no guarantee that any Benchmark Replacement will be a comparable substitute for SOFR.***

If we or our designee determine that a Benchmark Transition Event (as defined below) and its related Benchmark Replacement Date (as defined below) have occurred in respect of SOFR, then the interest rate on the notes during the Floating Rate Period will no longer be determined by reference to SOFR, but instead will be determined by reference to a different rate, which will be a different benchmark than SOFR, plus a spread adjustment, which we refer to as a "Benchmark Replacement," as further described under "Description of the Notes—Floating Rate Period Interest Rates—Determination of SOFR."

If a particular Benchmark Replacement or Benchmark Replacement Adjustment (as defined below) cannot be determined, then the next-available Benchmark Replacement or Benchmark Replacement Adjustment will apply. These replacement rates and adjustments may be selected, recommended or formulated by (i) the Relevant Governmental Body (as defined below, such as the ARRC), (ii) ISDA or (iii) in certain circumstances, us or our designee. In addition, the terms of the notes expressly authorize us or our designee to make Benchmark Replacement Conforming Changes (as defined below) with respect to, among other things, changes to the definition of "Floating Rate Interest Payment Periods," timing and frequency of determining rates and making payments of interest and other administrative matters. The determination of a Benchmark Replacement, the calculation of the interest rate on the notes during the Floating Rate Period by reference to a Benchmark Replacement (including the application of a Benchmark Replacement Adjustment), any implementation of Benchmark Replacement Conforming Changes and any other determinations, decisions or elections that may be made under the terms of the notes in connection with a Benchmark Transition Event could adversely affect the value of the notes, the return on the Notes and the price at which you can sell such Notes. Any determination, decision or election described above will be made in our or our designee's sole discretion.

In addition, (i) the composition and characteristics of the Benchmark Replacement will not be the same as those of SOFR, the Benchmark Replacement will not be the economic equivalent of SOFR, there can be no assurance that the Benchmark Replacement will perform in the same way as SOFR would have at any time and there is no guarantee that the Benchmark Replacement will be a comparable substitute for SOFR (each of which means that a Benchmark Transition Event could adversely affect the value of the Notes, the return on the Notes and the price at which you can sell such Notes), (ii) any failure of the Benchmark Replacement to gain market acceptance could adversely affect the Notes, (iii) the Benchmark Replacement may have a very limited history and the future performance of the Benchmark Replacement cannot be predicted based on historical performance, (iv) the secondary trading market for Notes linked to the Benchmark Replacement may be limited and (v) the administrator of the Benchmark Replacement may make changes that could change the value of the Benchmark Replacement or discontinue the Benchmark Replacement and has no obligation to consider your interests in doing so.

***The interest rate on the Notes during each Floating Rate Interest Payment Period will be based on a daily compounded SOFR rate, which is relatively new in the marketplace***

For each Floating Rate Interest Payment Period, the interest rate on the Notes is based on a daily compounded SOFR rate calculated using the specific formula described in this prospectus supplement, not the SOFR rate published on or in respect of a particular date during such Floating Rate Interest Payment Period or an average of SOFR rates during such period. For this and other reasons, the interest rate on the Notes during any Floating Rate Interest Payment Period will not be the same as the interest rate on other SOFR-linked investments that use an alternative basis to determine the applicable interest rate. Further, if the SOFR rate in respect of a particular date during a Floating Rate Interest Payment Period is negative, the portion of the base rate specifically attributable to such date will be less than one, resulting in a reduction to the base rate used to calculate the interest payable on such notes on the Floating Rate Interest Payment Date for such Floating Rate Interest Payment Period.

In addition, limited market precedent exists for securities that use SOFR as a benchmark interest rate, and the method for calculating an interest rate based upon SOFR in those precedents varies. Accordingly, the specific formula for the daily compounded SOFR rate used in the Notes may not be widely adopted by other market participants, if at all. If the market adopts a different calculation method, that would likely adversely affect the market value of the Notes.

***The secondary trading market for notes linked to SOFR may be limited.***

Since SOFR is a relatively new market rate, the Notes will likely have no established trading market when issued, and an established trading market may never develop or may not be very liquid. Market terms for debt securities linked to SOFR (such as the Notes) such as the applicable spread may evolve over time and, as a result, trading prices of the Notes may be lower than those of later-issued debt securities that are linked to SOFR. Similarly, if SOFR does not prove to be widely used in debt securities similar to the Notes, the trading price of the Notes may be lower than that of debt securities linked to rates that are more widely used. Investors in the Notes may not be able to sell such Notes at all or may not be able to sell such Notes at prices that will provide them with a yield comparable to similar investments that have a developed secondary market. Further, investors wishing to sell the Notes in the secondary market during the floating rate period will have to make assumptions as to the future performance of SOFR during the applicable Floating Rate Interest Payment Period in which they intend the sale to take place. As a result, investors may suffer from increased pricing volatility and market risk.

***The administrator of SOFR may make changes that could change the value of SOFR or discontinue SOFR and has no obligation to consider your interests in doing so.***

FRBNY (or a successor), as administrator of SOFR, may make methodological or other changes that could change the value of SOFR, including changes related to the method by which SOFR is calculated, eligibility criteria applicable to the transactions used to calculate SOFR, or timing related to the publication of SOFR. In addition, the administrator may alter, discontinue or suspend calculation or dissemination of SOFR (in which case a fallback method of determining the interest rate on the Notes during the floating rate period as further described under "Description of the Notes—Determination of SOFR" will apply). The administrator has no obligation to consider your interests in calculating, adjusting, converting, revising or discontinuing SOFR.

***The amount of interest payable with respect to each Floating Rate Interest Payment Period will be determined near the end of the applicable Floating Rate Interest Payment Period.***

The level of the base rate applicable to each Floating Rate Interest Payment Period and, therefore, the amount of interest payable with respect to such Floating Rate Interest Payment Period cannot be determined until after 3:00 p.m. (New York time) on the Floating Rate Interest Determination Date (as defined below) for such Floating Rate Interest Payment Period. Because each such date is near the end of such Floating Rate Interest Payment Period, you will not know the amount of interest payable with respect to each such Floating Rate Interest Payment Period until shortly prior to the related interest payment date and it may be difficult for you to reliably estimate the amount of interest that will be payable on each such interest payment date.

***The price at which the Notes may be sold prior to maturity will depend on a number of factors and may be substantially less than the amount for which they were originally purchased.***

Some of these factors include, but are not limited to: (i) actual or anticipated changes in the level of SOFR, (ii) volatility of the level of SOFR, (iii) changes in interest and yield rates, (iv) any actual or anticipated changes in our credit ratings or credit spreads and (v) the time remaining to maturity of such Notes. Generally, the longer the time remaining to maturity and the more tailored the exposure, the more the market price of the Notes will be affected by the other factors described in the preceding sentence. This can lead to significant adverse changes in the market price of securities like the Notes. Depending on the actual or anticipated level of SOFR, the market value of the Notes may decrease and you may receive substantially less than 100% of the issue price if you are able to sell your Notes prior to maturity.

***The calculation agent will make determinations with respect to the Notes.***

During each Floating Rate Interest Payment Period the calculation agent will determine the interest rates with respect to the Notes using SOFR as further described in this prospectus supplement. In addition, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the calculation agent will make certain determinations with respect to the Notes in the calculation agent's sole discretion as further described under "Description of the Notes—Determination of SOFR." Any of these determinations may adversely affect the payout to investors. Moreover, certain determinations made by us or our designee may require the exercise of discretion and the making of subjective judgments, such as with respect to the base rate or the occurrence or non-occurrence of a Benchmark Transition Event and any Benchmark Replacement Conforming Changes. These potentially subjective determinations may adversely affect the payout to you on the Notes. For further information regarding these types of determinations, see "Description of the Notes—Determination of SOFR" and related definitions below.

**Risk Factors Related to the Independent Merger**

***We face risks and uncertainties related to our Merger with Independent.***

The Company and Independent entered into the Merger agreement with the expectation that the Merger would result in various synergies including, among other things, benefits relating to enhanced revenues, a strengthened and expanded market position for the combined organization in Texas, entry into the Colorado market, technology efficiencies, cost savings and operating efficiencies. Achieving the anticipated benefits of the Merger is subject to a number of uncertainties, including whether the Company integrates the institutions in an efficient and effective manner, as well as general competitive factors in the marketplace. Failure to achieve or delays in achieving these anticipated benefits could result in a share price reduction as well as increased costs, decreases in the amount of expected revenues, and diversion of management's time and energy could materially and adversely affect the Company's financial condition, results of operations, business and prospects.

Furthermore, while the Merger closed January 1, 2025, and the systems and operational conversion was completed in late May 2025, there is no assurance that the businesses of the Company and Independent can be integrated successfully. The success of the Merger will depend on, among other things, the ability of the Company and Independent to combine their businesses in a manner that facilitates growth and business opportunities and realizes cost savings. If the combined company is not able to successfully achieve these objectives, the anticipated benefits of the Merger may not be realized fully, or at all, or may take longer to realize than expected.

***The Company may not be able to integrate successfully the companies or to realize the anticipated benefits of the Merger.***

On January 1, 2025, the Company and Independent combined in a merger, followed by a systems and operational conversion in May 2025. The successful integration of systems and operations depends substantially on the Company's ongoing ability to consolidate successfully corporate cultures, management teams, operations, systems, processes and procedures and to eliminate redundancies and costs. While we have substantial experience in successfully integrating institutions we have acquired, we may encounter difficulties during integration, such as:

&nbsp;&nbsp;&nbsp;&nbsp;· the loss of key employees and clients;

&nbsp;&nbsp;&nbsp;&nbsp;· the disruption of operations and businesses;

&nbsp;&nbsp;&nbsp;&nbsp;· inability to maintain and increase competitive presence in the Texas and Colorado markets in which Independent operated;

&nbsp;&nbsp;&nbsp;&nbsp;· loan, deposit, and revenue attrition;

&nbsp;&nbsp;&nbsp;&nbsp;· inconsistencies in standards, control procedures and policies;

&nbsp;&nbsp;&nbsp;&nbsp;· unexpected issues with costs, operations, personnel, technology; and

&nbsp;&nbsp;&nbsp;&nbsp;· problems with the assimilation of new operations, sites or personnel.

Integration activities could divert resources from regular operations. General market and economic conditions or governmental actions affecting the financial industry generally also may inhibit the Company's successful integration of these entities.

***The Company will continue to incur substantial expenses related to the Merger and the integration.***

The Company must integrate Independent's processes, policies, procedures, operations, technologies and systems. In addition, the Merger may increase the Company's compliance and legal risks, including increased litigation or regulatory actions such as fines or restrictions related to the business practices or operations of the combined business, including its expanded presence in Texas and Colorado. While the Company has assumed that a certain level of expenses would be incurred in connection with the merger and integration of Independent, many factors beyond the Company's control could affect the total amount or the timing of these merger and integration expenses. Moreover, many of the expenses that the Company will incur are, by their nature, difficult to estimate accurately. These expenses could, particularly in the near term, exceed the expected savings from the elimination of duplicative expenses and the realization of economies of scale. The amount and timing of future charges to earnings as a result of merger or integration expenses are uncertain.

**Use of Proceeds**

We estimate that the net proceeds from this offering will be approximately $, after deducting the underwriting discount and our estimated offering expenses. We intend to use the net proceeds of this offering for general corporate purposes, which may include, but are not limited to, the partial or full redemption of our 5.750% fixed-to-floating rate subordinated notes due 2030 and financing working capital needs.

Our management will have broad discretion in the use of the net proceeds from the sale of the Notes. The foregoing represents our intentions based upon our present plans and business conditions. The occurrence of unforeseen events or changed business conditions, however, could result in the application of the net proceeds of the offering in a manner other than as described in this prospectus supplement.

**Capitalization**

The following table shows our cash and due from banks and capitalization at March 31, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;(1) on a consolidated basis; and

&nbsp;&nbsp;&nbsp;&nbsp;(2) on a consolidated basis as adjusted to give effect to the issuance and sale of the Notes in this offering (after deducting the underwriting
discount and estimated offering expenses).

This table should be read in conjunction with the risk factors and the consolidated financial statements and related notes of SouthState and Independent for the year ended December 31, 2024, included and incorporated by reference in this prospectus supplement and the accompanying prospectus. See "Where You Can Find More Information."

---

| | | |
|:---|:---|:---|
|  | **As of March 31, 2025** | **As of March 31, 2025** |
|  | **Actual** | **As Adjusted** |
|  | **(in thousands, except per share data)** | **(in thousands, except per share data)** |
| Cash and due from banks | $688153 |  |
| **LIABILITIES AND Shareholders' EQUITY:** |  |  |
| Total deposits | $53337615 |  |
| Federal funds purchased | 398680 |  |
| Securities sold under agreements to repurchase | 280657 |  |
| Corporate and subordinated debentures | 752798 |  |
| Derivative liabilities, at fair value | 698933 |  |
| Other liabilities | 1042410 |  |
| **Total Liabilities** | 56511093 |  |
| **Shareholders' equity:** |  |  |
| Common stock - $2.50 par value; authorized 160,000,000 shares; 101,479,065 issued and outstanding | 253698 |  |
| Surplus | 6667277 |  |
| Retained earnings | 2080053 |  |
| Accumulated other comprehensive loss | (376667) |  |
| **Total shareholders' equity** | 8624361 |  |
| **TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY** | $65135454 |  |

---

**Description of the Notes**

*We will issue the Notes under a Subordinated Debt Indenture between SouthState, as the issuer, and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), to be dated as of the issue date (the "Base Indenture"), as supplemented by a First Supplemental Indenture between SouthState and the Trustee, to be dated as of the issue date (the "First Supplemental Indenture"). We refer to the Base Indenture, as supplemented by the First Supplemental Indenture, as the "Indenture." You may request a copy of the Indenture from us as described under "Where You Can Find More Information." We have summarized the material terms of the Indenture and the Notes below, but the summary does not purport to be complete and is subject to and qualified in its entirety by reference to the Indenture and the Notes. The following description of the terms of the Indenture and the Notes supplements and, to the extent inconsistent therewith, replaces and supersedes the description of the general terms and provisions of the subordinated debt securities in the accompanying prospectus.*

*You should read the Indenture and the Notes because they, and not this description, define your rights as holders of the Notes. For purposes of this section, references to "SouthState," "we," "us" and "our" include only SouthState and not any of its subsidiaries.*

**General**

The Notes will be unsecured and subordinated obligations of SouthState and will be issued as a series of the debt securities under the Indenture in an initial aggregate principal amount of $. The Notes are not guaranteed by the Bank or any of our other subsidiaries or affiliates, or any other person. We may, from time to time, without notice to or the consent of the holders of the Notes, create and issue additional notes ranking equally with the Notes and with identical terms in all respects (or in all respects except for the offering price, the payment of interest accruing prior to the issue date of such additional notes or except for the first payment of interest following the issue date of such additional notes); *provided*, that a separate CUSIP number will be issued for any such additional notes unless such additional notes are fungible with the Notes for U.S. federal income tax purposes, subject to the procedures of the DTC.

The Notes will mature on , 2035 (the "Maturity Date"), unless previously redeemed or otherwise accelerated. Payment of principal on the Notes may be accelerated only in the case of certain events of bankruptcy or insolvency. See "— Defaults; Events of Default; Limited Rights of Acceleration."

Beginning with the interest payment date of , 2030, and on any interest payment date thereafter, we may, at our option, subject to obtaining the prior approval of the Federal Reserve (or any successor bank regulatory agency) to the extent such approval is then required under the rules of the Federal Reserve ("Federal Reserve Approval"), redeem the Notes, in whole or in part, at a price equal to 100% of the principal amount of the Notes to be redeemed plus any accrued and unpaid interest to, but excluding, the redemption date. The Notes may not be redeemed by us prior to , 2030, except that we may, at our option, subject to Federal Reserve Approval, redeem the Notes in whole, but not in part, prior to maturity upon the occurrence of a "Tax Event" or a "Tier 2 Capital Event" (as such terms are defined in the Indenture) or if we are required to register as an investment company pursuant to the Investment Company Act of 1940, as amended, in each case, at a price equal to 100% of the principal amount of the Notes to be redeemed plus any accrued and unpaid interest to, but excluding, the redemption date. Any partial redemption will be made in accordance with the applicable procedures of DTC (as defined below). See "— Redemption."

The Notes are not convertible into, or exchangeable for, equity securities, other securities or assets of SouthState or its subsidiaries. There is no sinking fund for the Notes. Except as described below under"— Clearance and Settlement," the Notes will be represented by one or more global certificates deposited with or on behalf of DTC and registered in the name of Cede & Co. or another nominee of DTC. The Notes will be issued and may be transferred only in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof in book-entry form only. See "— Clearance and Settlement."

As a bank holding company, our ability to make payments on the Notes will depend primarily on the receipt of interests and other distributions from SouthState. There are various regulatory restrictions on the ability of SouthState to pay dividends or make other distributions to us. See "Risk Factors — Payments on the Notes will depend on receipt of dividends and distributions from our subsidiaries" and "Risk Factors — Regulatory guidelines may restrict our ability to pay the principal of, and accrued and unpaid interest on, the Notes, regardless of whether we are the subject of an insolvency proceeding" in this prospectus supplement.

Delivery of reports, information and documents (including, without limitation, reports contemplated in this section) to the Trustee is for information purposes only, and the Trustee's receipt thereof shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including our compliance with covenants under the Indenture and the Notes, as to which the Trustee is entitled to rely exclusively on officers' certificates.

No recourse will be available for the payment of principal of, or interest on, any Note, for any claim based thereon, or otherwise in respect thereof, against any shareholder, employee, officer or director, as such, past, present or future, of SouthState or any successor entity. Neither the Indenture nor the Notes contain any covenants or restrictions restricting the incurrence of debt, deposits or other liabilities by us or by our subsidiaries. The Indenture and the Notes contain no financial covenants and do not restrict us from paying dividends, selling assets, making investments or issuing or repurchasing other securities, and do not contain any provision that would provide protection to the holders of the Notes against a sudden and dramatic decline in credit quality resulting from a merger, takeover, recapitalization or similar restructuring or any other event involving us or our subsidiaries that may adversely affect our credit quality.

The Notes are not savings accounts, deposits or other obligations of the Bank or any of our non-bank subsidiaries and are not insured or guaranteed by the FDIC or any other governmental agency or public or private insurer. The Notes are solely obligations of SouthState and are neither obligations of, nor guaranteed by, any of our subsidiaries.

We do not intend to apply for the listing of the Notes on any securities exchange or the quotation of the Notes on any quotation system.

**Interest**

From and including the date of original issuance to, but excluding, , 2030 or the date of earlier redemption (the "fixed rate period"), the Notes will bear interest at an initial rate of % per annum, payable semi-annually in arrears on and of each year (each, a "Fixed Rate Interest Payment Date"), commencing on , 2030. The last Fixed Rate Interest Payment Date for the fixed rate period will be , 2035.

From and including , 2030 to, but excluding, the Maturity Date or the date of earlier redemption (the "floating rate period"), the Notes will bear interest at a floating rate per annum equal to the base rate (as described in this prospectus supplement) plus basis points for each Floating Rate Interest Payment Period, payable quarterly in arrears on , , and of each year (each, a "Floating Rate Interest Payment Date," and together with the fixed rate interest payment dates, the "interest payment dates"), commencing on , 2030. Notwithstanding the foregoing, if the base rate is less than zero, the base rate shall be deemed to be zero.

**Floating Rate Period Interest Rates**

***Secured Overnight Financing Rate (SOFR)***

SOFR is published by the New York Federal Reserve and is intended to be a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities. The New York Federal Reserve reports that SOFR includes all trades in the Broad General Collateral Rate and bilateral Treasury repurchase agreement (repo) transactions cleared through the delivery-versus-payment service offered by the Fixed Income Clearing Corporation (the "FICC"), a subsidiary of the Depository Trust and Clearing Corporation ("DTCC"), and SOFR is filtered by the New York Federal Reserve to remove some (but not all) of the foregoing transactions considered to be "specials." According to the New York Federal Reserve, "specials" are repos for specific-issue collateral, which take place at cash-lending rates below those for general collateral repos because cash providers are willing to accept a lesser return on their cash in order to obtain a particular security.

The New York Federal Reserve reports that SOFR is calculated as a volume-weighted median of transaction-level tri-party repo data collected from The Bank of New York Mellon as well as General Collateral Finance Repo transaction data and data on bilateral Treasury repo transactions cleared through the FICC's delivery-versus-payment service. The New York Federal Reserve also notes that it obtains information from DTCC Solutions LLC, an affiliate of DTCC.

If data for a given market segment were unavailable for any day, then the most recently available data for that segment would be utilized, with the rates on each transaction from that day adjusted to account for any change in the level of market rates in that segment over the intervening period. SOFR would be calculated from this adjusted prior day's data for segments where current data were unavailable, and unadjusted data for any segments where data were available. To determine the change in the level of market rates over the intervening period for the missing market segment, the New York Federal Reserve would use information collected through a daily survey conducted by its Trading Desk of primary dealers' repo borrowing activity.

The New York Federal Reserve notes on its publication page for SOFR that use of SOFR is subject to important limitations, indemnification obligations and disclaimers, including that the New York Federal Reserve may alter the methods of calculation, publication schedule, rate revision practices or availability of SOFR at any time without notice.

Each U.S. Government Securities Business Day, the New York Federal Reserve publishes SOFR on its website at approximately 8:00 a.m., New York City time. If errors are discovered in the transaction data provided by The Bank of New York Mellon or DTCC Solutions LLC, or in the calculation process, subsequent to the initial publication of SOFR but on that same day, SOFR and the accompanying summary statistics may be republished at approximately 2:30 p.m., New York City time. Additionally, if transaction data from The Bank of New York Mellon or DTCC Solutions LLC had previously not been available in time for publication, but became available later in the day, the affected rate or rates may be republished at around this time. Rate revisions will only be effected on the same day as initial publication and will only be republished if the change in the rate exceeds one basis point. Any time a rate is revised, a footnote to the New York Federal Reserve's publication would indicate the revision. This revision threshold will be reviewed periodically by the New York Federal Reserve and may be changed based on market conditions.

Because SOFR is published by the New York Federal Reserve based on data received from other sources, we have no control over its determination, calculation or publication. See "Risk Factors."

The information contained in this section "—Secured Overnight Financing Rate (SOFR)" is based upon the New York Federal Reserve's Website and other U.S. government sources.

***Formula for Interest Rates during each Floating Rate Interest Payment Period***

Each "spread" is the number of basis points (one one-hundredth of a percentage point) specified above to be added to the base rate for a Floating Rate Interest Payment Period. The amount of interest accrued and payable on the Notes for each Floating Rate Interest Payment Period will be equal to the outstanding principal amount of the Notes multiplied by the product of:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum of the base rate plus the spread for the relevant Floating Rate Interest Payment Period; multiplied by

&nbsp;&nbsp;&nbsp;&nbsp;(b) the quotient obtained by dividing the actual number of calendar days in such Floating Rate Interest Payment Period by 360.

Notwithstanding the foregoing, in no event will the interest rate payable for any Floating Rate Interest Payment Period be less than zero percent.

***How Interest is Calculated***

On each Floating Rate Interest Payment Date, accrued interest will be paid for the most recently completed Floating Rate Interest Payment Period. During each Floating Rate Interest Payment Period, interest on the Notes will accrue from and including the first date in such Floating Rate Interest Payment Period, or from and including the Interest Reset Date in the case of the first Floating Rate Interest Payment Period applicable to the Notes. Interest will accrue to but excluding the next Floating Rate Interest Payment Date applicable to the Notes.

During each Floating Rate Interest Payment Period, the calculation agent will notify the paying agent of each determination of the interest rate applicable to the Notes promptly after the determination is made on the Floating Rate Interest Determination Date.

With respect to any Floating Rate Interest Payment Period, the base rate means the rate of return of a daily compound interest investment computed in accordance with the following formula (with the resulting percentage rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005% being rounded upwards to 0.00001%):

![](tm2516973d2_424b5img002.jpg)

"d<sub>0</sub>", for any Observation Period, is the number of U.S. Government Securities Business Days in the relevant Observation Period.

"*i*" is a series of whole numbers from one to d<sub>0</sub>, each representing the relevant U.S. Government Securities Business Days in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant Observation Period.

"SOFR*i*", for any U.S. Government Securities Business Day "i" in the relevant Observation Period, is equal to SOFR in respect of that day "i".

"n*i*" for any U.S. Government Securities Business Day "i" in the relevant Observation Period, is the number of calendar days from, and including, such U.S. Government Securities Business Day "i" to, but excluding, the following U.S. Government Securities Business Day ("i+1").

"d" is the number of calendar days in the relevant Observation Period.

In determining the base rate for a U.S. Government Securities Business Day, the base rate generally will be the rate in respect of such day that is provided on the following U.S. Government Securities Business Day. In determining the base rate for any other day, such as a Saturday, Sunday or holiday, the base rate generally will be the rate in respect of the immediately preceding U.S. Government Securities Business Day that is provided on the following U.S. Government Securities Business Day.

Notwithstanding the foregoing paragraphs related to the determination of interest, if the calculation agent determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date (each as defined below) have occurred, then the provisions set forth below under the heading "Determination of SOFR," which we refer to as the "benchmark transition provisions," will thereafter apply to all determinations of the interest rate on the Notes for each Floating Rate Interest Payment Period during the floating rate period. In accordance with the benchmark transition provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate on the Notes for each Floating Rate Interest Payment Period during the floating rate period will be an annual rate equal to the Benchmark Replacement (as defined below) plus basis points.

Absent manifest error, the calculation agent's determination of the interest rate for a Floating Rate Interest Payment Period for the Notes will be binding and conclusive on you, the Trustee and us. The calculation agent's determination of any interest rate, and its calculation of interest payments for any period, will be maintained on file at the calculation agent's principal offices and will be made available to any holder of the Notes upon request.

Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months during the fixed rate period on the basis of a 360-day year and on the basis of the actual number of days elapsed during the floating rate period. Dollar amounts resulting from that calculation will be rounded to the nearest cent, with one-half cent being rounded upward.

Interest on the Notes, subject to certain exceptions, will accrue during the applicable Floating Rate Interest Payment Period. When we use the term "Floating Rate Interest Payment Period," we mean the period from and including the immediately preceding interest payment date in respect of which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from and including the date of issuance of the Notes to, but excluding, the applicable interest payment date or the Maturity Date or date of earlier redemption, if applicable. If a fixed rate interest payment date or the Maturity Date falls on a day that is not a business day, then the interest payment or the payment of principal and interest at maturity will be paid on the next succeeding business day, but the payments made on such dates will be treated as being made on the date that the payment was first due and the holders of the Notes will not be entitled to any further interest or other payments. If a floating rate interest payment date falls on a day that is not a business day, then such floating rate interest payment date will be postponed to the next succeeding business day unless such day falls in the next succeeding calendar month, in which case such floating rate interest payment date will be accelerated to the immediately preceding business day, and, in each such case, the amounts payable on such business day will include interest accrued to, but excluding, such business day.

Interest on each Note will be payable to the person in whose name such Note is registered on the fifteenth day immediately preceding the applicable interest payment date, whether or not such day is a business day. Any interest which is payable, but is not punctually paid or duly provided for, on any interest payment date shall cease to be payable to the holder on the relevant record date by virtue of having been a holder on such date, and such defaulted interest may be paid by us to the person in whose name the Notes are registered at the close of business on a special record date for the payment of defaulted interest. However, interest that is paid on the Maturity Date will be paid to the person to whom the principal will be payable. Interest will be payable by wire transfer in immediately available funds in U.S. dollars at the office of the principal paying agent or, at our option in the event the Notes are not represented by Global Notes (as defined below), by check mailed to the address of the person specified for payment in the preceding sentences.

Furthermore, if the calculation agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred at any time when any of the Notes are outstanding, then the foregoing provisions concerning the calculation of the interest rate and interest payments during the floating rate period will be modified in accordance with the benchmark transition provisions.

When we use the term "business day," we mean any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions in the City of New York or any place of payment are authorized or required by law, regulation or executive order to close.

**Determination of SOFR**

The notes will bear interest at the interest rate specified in such note and this prospectus supplement as determined on the Floating Rate Interest Determination Date (as defined below). During the floating rate period that interest rate will be based on SOFR with the index maturity reset daily ("Index Maturity").

*Certain Defined Terms*. As used herein:

"SOFR" means, with respect to any U.S. Government Securities Business Day:

&nbsp;&nbsp;&nbsp;&nbsp;(1) the Secured Overnight Financing Rate in respect of such U.S. Government Securities Business Day as provided
by the FRBNY , as the administrator of such rate (or a successor administrator) on the Federal
Reserve Bank of New York's Website on or about 3:00 p.m. (New York time) on the U.S. Government
Securities Business Day immediately following such U.S. Government Securities Business Day; or

&nbsp;&nbsp;&nbsp;&nbsp;(2) if the Secured Overnight Financing Rate in respect of such U.S. Government Securities Business Day does
not appear as specified in paragraph (1), unless both a Benchmark Transition Event and its related Benchmark Replacement Date have occurred,
the Secured Overnight Financing Rate in respect of the last U.S. Government Securities Business Day for which such rate was published
on the Federal Reserve Bank of New York's Website ; or

&nbsp;&nbsp;&nbsp;&nbsp;(3) if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the
replacement for the then-current Benchmark (as defined below) for the applicable Corresponding Tenor (as defined below) and (b) the
Benchmark Replacement Adjustment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the sum of: (a) the ISDA Fallback Rate (as defined below) and (b) the Benchmark Replacement Adjustment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the sum of: (a) the alternate rate of interest that has been selected by the calculation agent as the replacement for the then-current
Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for
the then-current Benchmark for U.S. dollar-denominated floating rate notes at such time and (b) the Benchmark Replacement Adjustment.

"Benchmark" means SOFR with the Index Maturity specified above; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR with the Index Maturity specified above or the then-current Benchmark, then "Benchmark" means the applicable Benchmark Replacement.

"Benchmark Replacement" means the first alternative set forth in the order presented in clause (3) of the definition of "SOFR" that can be determined by us or our designee as of the Benchmark Replacement Date. In connection with the implementation of a Benchmark Replacement, we or our designee will have the right to make Benchmark Replacement Conforming Changes from time to time.

"Benchmark Replacement Adjustment" means the first alternative set forth in the order below that can be determined by the calculation agent as of the Benchmark Replacement Date:

&nbsp;&nbsp;&nbsp;&nbsp;(1) the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value
or zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement
(as defined below);

&nbsp;&nbsp;&nbsp;&nbsp;(2) if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment (as
defined below); and

&nbsp;&nbsp;&nbsp;&nbsp;(3) the spread adjustment (which may be a positive or negative value or zero) that has been selected by the calculation agent giving due
consideration to any industry-accepted spread adjustment or method for calculating or determining such spread adjustment, for the replacement
of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated floating rate notes at
such time.

"Benchmark Replacement Conforming Changes" means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of "Floating Rate Interest Payment Period," timing and frequency of determining rates and making payments of interest and other administrative matters) that the calculation agent decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the calculation agent decides that adoption of any portion of such market practice is not administratively feasible or if the calculation agent determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the calculation agent determines is reasonably necessary).

"Benchmark Replacement Date" means the earliest to occur of the following events with respect to the then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of clause (1) or (2) of the definition of "Benchmark Transition Event," the later of (a) the
date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the
Benchmark permanently or indefinitely ceases to provide the Benchmark; or

&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of clause (3) of the definition of "Benchmark Transition Event," the date of the public statement or
publication of information referenced therein.

For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

"Benchmark Transition Event" means the occurrence of one or more of the following events with respect to the then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;(1) a public statement or publication of information by or on behalf of the administrator of the Benchmark announcing that such administrator
has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide the Benchmark;

&nbsp;&nbsp;&nbsp;&nbsp;(2) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark, the central
bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution
authority with jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution authority
over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the
Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide the Benchmark; or

&nbsp;&nbsp;&nbsp;&nbsp;(3) a public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

"Corresponding Tenor" with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark.

"Federal Reserve Bank of New York's Website" means the website of FRBNY at http://www.newyorkfed.org, or any successor source. The foregoing Internet website is an inactive textual reference only, meaning that the information contained on the website is not part of this prospectus supplement or the accompanying prospectus or incorporated by reference herein or therein.

"Floating Rate Interest Determination Date" means the date two U.S. Government Securities Business Days before each Floating Rate Interest Payment Date (or, in the case of the final interest period, before the stated maturity date of the notes).

"ISDA Definitions" means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

"ISDA Fallback Adjustment" means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

"ISDA Fallback Rate" means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

"Observation Period" means, in respect of each Floating Rate Interest Payment Period, the period from, and including, the date two U.S. Government Securities Business Days preceding the first date in such Floating Rate Interest Payment Period to, but excluding, the date two U.S. Government Securities Business Days preceding the interest payment date for such Floating Rate Interest Payment Period.

"Reference Time" with respect to any determination of the Benchmark means the time determined by us or our designee in accordance with the Benchmark Replacement Conforming Changes.

"Relevant Governmental Body" means the Federal Reserve and/or FRBNY, or a committee officially endorsed or convened by the Federal Reserve and/or FRBNY or any successor thereto.

"SOFR" has the meaning set forth below under the heading "Determination of SOFR."

"Term SOFR" means the forward-looking term rate for the applicable Corresponding Tenor based on SOFR that has been selected or recommended by the Relevant Governmental Body.

"Term SOFR Administrator" means any entity designated by the Relevant Governmental Body as the administrator of Term SOFR (or a successor administrator).

"Unadjusted Benchmark Replacement" means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

"U.S. Government Securities Business Day" means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

**Ranking; Subordination**

The Notes will be unsecured, subordinated obligations of SouthState. The Notes will rank equal in right of payment and upon our liquidation with any of our future indebtedness the terms of which provide that such indebtedness ranks equally with the Notes and senior in right of payment and upon our liquidation to any of our future indebtedness the terms of which provide that such indebtedness ranks junior in right of payment to the Notes. Our obligation to make any payment on account of the Notes will be subordinated and junior to our Senior Indebtedness (as defined in the Indenture and described below).

The Notes will not be guaranteed by any of our subsidiaries, including the Bank, which is our principal subsidiary. The Notes will be effectively subordinated to our future secured indebtedness to the extent of the value of the collateral securing such indebtedness and structurally subordinated to the existing and future indebtedness of our subsidiaries, including without limitation the Bank's depositors, liabilities to general creditors and liabilities arising in the ordinary course of business or otherwise, which means that such creditors generally will be paid from those subsidiaries' assets before holders of the Notes would have any claims to those assets.

The Indenture and the Notes do not limit the amount of Senior Indebtedness, secured indebtedness, or other liabilities having priority over, or ranking equally with, the Notes that we or our subsidiaries may hereafter incur. As of March 31, 2025, on a consolidated basis, the aggregate outstanding principal amount of our borrowings totaled approximately $755.9 million, none of which would rank senior to the Notes.

"Senior Indebtedness" means, without duplication, the principal, premium, if any, unpaid interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to SouthState, whether or not a claim for post-filing interest is allowed in such proceeding), fees, charges, expenses, reimbursement and indemnification obligations, and all other amounts payable under or in respect of the following indebtedness of SouthState, whether any such indebtedness exists as of the date of the Indenture or is created, incurred or assumed after such date:

&nbsp;&nbsp;&nbsp;&nbsp;· all obligations for borrowed money;

&nbsp;&nbsp;&nbsp;&nbsp;· all obligations evidenced by debentures, debt securities or other similar instruments;

&nbsp;&nbsp;&nbsp;&nbsp;· all obligations in respect of letters of credit, security purchase facilities or bankers acceptances or similar instruments (or reimbursement
obligations with respect thereto);

&nbsp;&nbsp;&nbsp;&nbsp;· all obligations to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary
course of business;

&nbsp;&nbsp;&nbsp;&nbsp;· indebtedness secured by any mortgage, pledge, lien, charge, encumbrance or any security interest existing on property owned by SouthState;

&nbsp;&nbsp;&nbsp;&nbsp;· obligations associated with derivative products including, but not limited to, interest rate and currency future or exchange contracts,
foreign exchange contracts, swap agreements (including interest rate and foreign exchange rate swap agreements), cap agreements, floor
agreements, collar agreements, options, interest rate future or option contracts, commodity contracts, and similar arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;· purchase money and similar obligations;

&nbsp;&nbsp;&nbsp;&nbsp;· obligations to general creditors of SouthState;

&nbsp;&nbsp;&nbsp;&nbsp;· a deferred obligation of, or any such obligation, directly or indirectly guaranteed by, SouthState which obligation is incurred in
connection with the acquisition of any business, properties or assets not evidenced by a note or similar instrument given in connection
therewith;

&nbsp;&nbsp;&nbsp;&nbsp;· interest or obligations in respect of any of the foregoing accruing after the commencement of insolvency or bankruptcy proceedings;

&nbsp;&nbsp;&nbsp;&nbsp;· all obligations of the type referred to in the foregoing subclauses above of other persons or entities for the payment of which SouthState
is responsible or liable as obligor, guarantor or otherwise, whether or not classified as a liability on a balance sheet prepared in accordance
with GAAP; and

&nbsp;&nbsp;&nbsp;&nbsp;· any renewals, amendments, deferrals, supplements, extensions, SouthState or replacements of any of the foregoing.

With respect to the Notes, Senior Indebtedness excludes:

&nbsp;&nbsp;&nbsp;&nbsp;· any such indebtedness, obligation or liability referred to above as to which, in the instrument creating or evidencing the same or
pursuant to which the same is outstanding, it is provided that such indebtedness, obligation or liability is not superior in right of
payment to the Notes, or ranks *pari passu* with the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;· any such indebtedness, obligation or liability which is subordinated to indebtedness of SouthState to substantially the same extent
as, or to a greater extent than, the Notes are subordinated;

&nbsp;&nbsp;&nbsp;&nbsp;· any indebtedness to a subsidiary of SouthState;

&nbsp;&nbsp;&nbsp;&nbsp;· any trade account payables in the ordinary course of business; and

&nbsp;&nbsp;&nbsp;&nbsp;· the Notes.

Notwithstanding the foregoing, and for the avoidance of doubt, if the Federal Reserve (or other applicable regulatory agency or authority) promulgates any rule or issues any interpretation that defines general creditor(s), the main purpose of which is to establish criteria for determining whether the subordinated debt of a financial or bank holding company is to be included in its capital, then the term "general creditors" as used in the definition of "Senior Indebtedness" in the Indenture will have the meaning as described in that rule or interpretation.

Upon the liquidation, dissolution, winding up, or reorganization of SouthState, SouthState must pay to the holders of all Senior Indebtedness the full amounts of principal of, premium, interest and any other amounts owing on, that Senior Indebtedness before any payment is made on the Notes. If, after we have made those payments on our Senior Indebtedness there are amounts available for payment on the Notes, then we may make any payment on the Notes.

Because of the subordination provisions and the obligation to pay Senior Indebtedness described above, in the event of insolvency of SouthState, holders of the Notes may recover less ratably than holders of the Senior Indebtedness and other creditors of SouthState. With respect to the assets of a subsidiary of ours, our creditors (including holders of the Notes) are structurally subordinated to the prior claims of creditors of such subsidiary, except to the extent that we may be a creditor with recognized claims against such subsidiary.

Subject to the terms of the Indenture, if the Trustee or any holder of any of the Notes receives any payment or distribution of our assets in contravention of the subordination provisions applicable to the Notes before all Senior Indebtedness is paid in full in cash, property or securities, including by way of set-off or any such payment or distribution that may be payable or deliverable by reason of the payment of any other of our indebtedness being subordinated to the payment of the Notes, then such payment or distribution will be held in trust for the benefit of holders of Senior Indebtedness or their representatives to the extent necessary to make payment in full in cash or payment satisfactory to the holders of Senior Indebtedness of all unpaid Senior Indebtedness.

**No Additional Amounts**

In the event that any payment on the Notes is subject to withholding of any U.S. federal income tax or other tax or assessment (as a result of a change in law or otherwise), we will not pay additional amounts with respect to such tax or assessment. For a discussion relating to certain U.S. federal income tax consequences of the ownership and disposition of the Notes, see "Material U.S. Federal Income Tax Considerations."

**Redemption**

We may, at our option, beginning with the interest payment date of , 2030, but not prior thereto (except upon the occurrence of certain events specified below), and on any interest payment date thereafter, redeem the Notes, in whole or in part, from time to time, subject to obtaining the Federal Reserve Approval, at a price equal to 100% of the principal amount of the Notes being redeemed plus interest that is accrued and unpaid to, but excluding, the date of redemption.

The Notes may not otherwise be redeemed prior to the Maturity Date, except that we may also, at our option, redeem the Notes, in whole, but not in part, subject to obtaining the Federal Reserve Approval, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus interest that is accrued and unpaid to, but excluding, the date of redemption, at any time, including before , 2030, upon the occurrence of:

&nbsp;&nbsp;&nbsp;&nbsp;· a "Tax Event," defined in the Indenture to mean the receipt by us of an opinion of independent tax counsel to the effect
that as a result of (a) an amendment to or change (including any announced prospective amendment or change) in any law or treaty,
or any regulation thereunder, of the United States or any of its political subdivisions or taxing authorities; (b) a judicial decision,
administrative action, official administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including
any notice or announcement of intent to adopt or promulgate any ruling, regulatory procedure or regulation (any of the foregoing, an "administrative
or judicial action"); or (c) an amendment to or change in any official position with respect to, or any interpretation of,
an administrative or judicial action or a law or regulation of the United States that differs from the previously generally accepted position
or interpretation, in each case, which change or amendment or challenge becomes effective or which pronouncement, or decision or challenge
is announced on or after the original issue date of the Notes, there is more than an insubstantial risk that interest payable by us on
the Notes is not, or, within 90 days of the date of such opinion, will not be, deductible by us, in whole or in part, for United States
federal income tax purposes;

&nbsp;&nbsp;&nbsp;&nbsp;· a "Tier 2 Capital Event," defined in the Indenture to mean our good faith determination that, as a result of (a) any
amendment to, or change in, the laws, rules or regulations of the United States (including, for the avoidance of doubt, any agency
or instrumentality of the United States, including the Federal Reserve and other federal bank regulatory agencies) or any political subdivision
of or in the United States that is enacted or becomes effective after the original issue date of the Notes; (b) any proposed change
in those laws, rules or regulations that is announced or becomes effective after the original issue date of the Notes; or (c) any
official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying
those laws, rules, regulations, policies or guidelines with respect thereto that is announced after the original issue date of the Notes,
there is more than an insubstantial risk that we will not be entitled to treat the Notes then outstanding as "Tier 2 Capital"
(or its equivalent) for purposes of the capital adequacy rules or regulations of the Federal Reserve (or, as and if applicable, the
capital adequacy rules or regulations of any successor appropriate federal banking agency) as then in effect and applicable to us,
for so long as any Notes are outstanding; or

&nbsp;&nbsp;&nbsp;&nbsp;· SouthState becoming required to register as an investment company pursuant to the Investment Company Act of 1940, as amended.

In the event of any redemption of the Notes, we will deliver or cause to be delivered a notice of redemption (which notice may be conditional in our discretion on one or more conditions precedent, and the redemption date may be delayed until such time as any or all of such conditions have been satisfied or revoked by us if we determine that such conditions will not be satisfied) to each holder of Notes not less than 30 nor more than 60 days prior to the redemption date.

Any partial redemption will be made in accordance with DTC's applicable procedures among all of the holders of the Notes. If any Note is to be redeemed in part only, the notice of redemption relating to such Note shall state the portion of the principal amount thereof to be redeemed. A replacement Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the holder thereof upon cancellation of the original Note. The Notes are not subject to redemption or prepayment at the option of the holders.

**Defaults; Events of Default; Limited Rights of Acceleration**

The Notes and Indenture provide for only limited events upon which the principal of the Notes may be accelerated. These events are:

&nbsp;&nbsp;&nbsp;&nbsp;· pursuant to or within the meaning of any bankruptcy law, we (i) commence a voluntary case, (ii) consent to the entry of
an order for relief against us in an involuntary case, (iii) consent to the appointment of a custodian of us or for all or substantially
all of our property, (iv) make a general assignment for the benefit of our creditors or (v) are generally unable to pay our
debts as they become due;

&nbsp;&nbsp;&nbsp;&nbsp;· a court of competent jurisdiction enters an order or decree under any bankruptcy law that (i) is for relief against us in an
involuntary case, (ii) appoints a custodian for us or for all or substantially all of our property or (iii) orders our liquidation,
and the order or decree remains unstayed and in effect for 60 days; or

&nbsp;&nbsp;&nbsp;&nbsp;· an appointment of a custodian for a Material Subsidiary.

A Material Subsidiary means the Bank or any successor thereof or any of our subsidiaries that is a depository institution and that has consolidated assets equal to 80% or more of our consolidated assets.

If any of the foregoing occurs and is continuing, the principal, premium (if any) and interest in respect of the Notes shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable.

The Notes and Indenture provide for a limited number of other events of default, which do not permit acceleration of the payment of principal, premium (if any) and interest in respect of the Notes, including:

&nbsp;&nbsp;&nbsp;&nbsp;· our default in the payment of any interest upon the Notes, when such interest becomes due and payable, and continuance of such default
for a period of 30 days;

&nbsp;&nbsp;&nbsp;&nbsp;· our default in the payment of the principal of (or premium, if any on) the Notes with respect to any of the Notes when due, either
at maturity, upon redemption, by declaration or otherwise; or

&nbsp;&nbsp;&nbsp;&nbsp;· our default in the performance, or breach, of any covenant or agreement in the Indenture applicable to us, and continuance of such
default or breach for a period of 90 days after there has been given, by registered or certified mail, to us by the Trustee or to us and
the Trustee by the holders of at least 25% in aggregate principal amount of the outstanding Notes a written notice specifying such default
or breach and requiring it to be remedied and stating that such notice is a "Notice of Default" under the Indenture.

There is no right of acceleration in the case of a default in the payment of principal of or interest on the Notes or in our nonperformance of any other obligation under the Notes or the Indenture.

If we default in our obligation to pay any interest on the Notes when due and payable and such default continues for a period of 30 days, or if we default in our obligation to pay the principal of (or premium, if any) with respect to any of the Notes when due, either at maturity, upon redemption, by declaration or otherwise, or if we breach any covenant or agreement contained in the Indenture and such breach continues for a period of 90 days after the date on which written notice specifying such failure and requiring us to remedy the same shall have been given to us, then the Trustee may, subject to certain limitations and conditions, seek to enforce its rights and the rights of the holders of Notes of the performance of any covenant or agreement in the Indenture.

The Indenture provides that the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders of Notes unless such holders shall have offered to the Trustee indemnity or security satisfactory to it against the costs, expenses and liabilities which may be incurred by it in complying with such request or direction.

Subject to certain provisions, the holders of a majority in principal amount of the outstanding Notes will have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Notes. However, the Trustee may refuse to follow any direction that conflicts with law or the Indenture or that may involve the Trustee in personal liability. In addition, the Trustee may take any other action it deems proper that is not inconsistent with any such direction received from the holders of the Notes.

No holder of Notes will have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy under the Indenture, unless:

&nbsp;&nbsp;&nbsp;&nbsp;· such holder has previously given written notice to the Trustee of a continuing event of default with respect to the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;· the holders of not less than 25% in aggregate principal amount of the outstanding Notes have made written request to the Trustee to
institute proceedings in respect of such event of default in its own name as Trustee under the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· such holder or holders have offered to the Trustee reasonable security and indemnity satisfactory to the Trustee against the costs,
expenses and liabilities to be incurred in compliance with such request;

&nbsp;&nbsp;&nbsp;&nbsp;· the Trustee for 60 days after its receipt of such notice, request and offer of reasonable security and indemnity has failed to institute
any such proceeding; and

&nbsp;&nbsp;&nbsp;&nbsp;· no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the holders of a majority
in principal amount of the outstanding Notes.

In any event, the Indenture provides that no one or more of such holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of the Indenture to affect, disturb or prejudice the rights of any other of such holders, or to obtain or to seek to obtain priority or preference over any other of such holders or to enforce any right under the Indenture, except in the manner provided in the Indenture and for the equal and ratable benefit of all holders of Notes.

The Indenture requires the Trustee to notify the holders of the Notes regarding the existence of any default actually known to the Trustee, unless the default has been cured or waived. In addition, in the case of a default in payment of principal of or interest on any Note, the Trustee may withhold notice of a default if and so long as the Trustee and/or responsible officers, the board of directors or certain committees of the board of directors in good faith determines that withholding the notice is in the interests of the holders of the Notes. For purposes of these requirements, a "default" means any event which is, or after notice or lapse of time or both would become, an event of default under the Indenture with respect to the Notes.

We are required to deliver to the Trustee, within 120 days after the end of our fiscal year, commencing in the year during which the Notes are issued under an Indenture, a written statement from our applicable officers regarding whether we have fulfilled all of our obligations under the Indenture throughout the year and specifying any known default and its status.

**Modification and Waiver**

The Indenture provides that we and the Trustee may modify or amend the Indenture with, or, in certain cases, without the consent of the holders of a majority in principal amount of outstanding Notes; *provided*, that any modification or amendment may not, without the consent of the holder of each outstanding Note affected thereby:

&nbsp;&nbsp;&nbsp;&nbsp;· change the stated maturity date of the principal of (or premium, if any), or any installment of principal or interest on, the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;· reduce the principal amount thereof or the rate or amount of interest thereon;

&nbsp;&nbsp;&nbsp;&nbsp;· reduce the percentage in principal amount of any outstanding Notes, the consent of whose holders is required to modify or amend the
Indenture, for any supplemental indenture, or for any waiver of compliance with certain provisions of the Indenture or certain defaults
and the consequences thereof under the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· adversely affect any right to convert or exchange the Notes into any other security, or alter the method of computation of interest;

&nbsp;&nbsp;&nbsp;&nbsp;· change the Company's obligation to maintain an office or agency for payment of the Notes and the other matters specified in
the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· impair the right to institute suit for the enforcement of any payment of principal of, premium, if any, or interest on the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;· modify the Base Indenture with respect to the subordination of the Notes in a manner adverse to the holders of the Notes; or

&nbsp;&nbsp;&nbsp;&nbsp;· modify any of the provisions of the Indenture relating to the execution of supplemental indentures with the consent of holders of
the Notes which are discussed herein or modify any provisions relating to the waiver by holders of the Notes of past defaults and covenants,
except to increase any required percentage or to provide that other provisions of the Indenture cannot be modified or waived without the
consent of the holder of each outstanding Note affected thereby.

In addition, the holders of a majority in principal amount of the outstanding Notes may, on behalf of all holders of Notes, waive compliance by us with certain terms, conditions and provisions of the Indenture, as well as any past default and/or the consequences of default, other than any default in the payment of principal or interest or any breach in respect of a covenant or provision that cannot be modified or amended without the consent of the holder of each outstanding Note.

In addition, we and the Trustee may modify and amend the Indenture without the consent of any holders of Notes for any of the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;· to evidence the succession of another person to SouthState as obligor under the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· to add to the covenants of SouthState or events of defaults for the benefit of the holders of the Notes or to surrender any right
or power conferred upon SouthState in the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· to provide for uncertificated securities;

&nbsp;&nbsp;&nbsp;&nbsp;· to establish the form or terms of the Notes and any related coupons;

&nbsp;&nbsp;&nbsp;&nbsp;· to evidence the acceptance of appointment by a successor trustee;

&nbsp;&nbsp;&nbsp;&nbsp;· to cure any ambiguity or correct any defect or inconsistency in the Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;· to add to, change or eliminate any provisions of the Indenture, if the addition, change or elimination becomes effective only when
there are no debt securities outstanding of any series created prior to the change or elimination that are entitled to the benefit of
the changed or eliminated provision;

&nbsp;&nbsp;&nbsp;&nbsp;· supplement any provisions of the Indenture necessary to permit or facilitate the defeasance and discharge of the Notes, *provided* that such action does not adversely affect the interests of the holders of the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;· to qualify the Indenture under the Trust Indenture Act of 1939, as amended (the "Trust Indenture Act");

&nbsp;&nbsp;&nbsp;&nbsp;· to make any change that does not adversely affect the legal rights under the Indenture of any holder of Notes in any material respect;
or

&nbsp;&nbsp;&nbsp;&nbsp;· to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Notes may
be listed or traded.

Not in limitation of the foregoing, without the consent of any holders of Notes, we and the Trustee may amend or supplement the Indenture or the Notes (i) to conform the terms of the Indenture and the Notes to the description of the Notes in this prospectus supplement relating to the offering of the Notes or (ii) to implement any benchmark transition provisions after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred (or in anticipation thereof).

The Trustee shall be entitled to receive an officer's certificate and opinion of counsel confirming that all conditions precedent are satisfied with respect to any supplemental indenture, that such supplemental indenture is authorized and permitted and that such supplemental indenture is the legal, valid and binding obligation of SouthState, enforceable against it in accordance with its terms.

**Legal Defeasance and Covenant Defeasance**

We may choose to either discharge our obligations under the Indenture and the Notes in a legal defeasance or to release ourselves from certain or all of our covenant restrictions under the Indenture and the Notes in a covenant defeasance. We may do so after we irrevocably deposit with the Trustee for the benefit of the holders of the Notes sufficient cash and/or U.S. government securities to pay the principal of (and premium, if any) and interest and any other sums due on the Maturity Date or a redemption date of the Notes. If we choose the legal defeasance option, the holders of the Notes will not be entitled to the benefits of the Indenture except for certain limited rights, including registration of transfer and exchange of Notes, replacement of lost, stolen or mutilated Notes and the right to receive payments of the principal of (and premium, if any) and interest on such Notes when such payments are due.

We may discharge our obligations under the Indenture or release ourselves from covenant restrictions only if we meet certain requirements. Among other things, we must deliver to the Trustee an opinion of our legal counsel to the effect that beneficial owners of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amount, in the same manner and at the same times, as would have been the case if such deposit and defeasance had not occurred. In the case of legal defeasance only, this opinion must be based on either a ruling received from or published by the Internal Revenue Service (the "IRS") or a change in the applicable federal income tax law after the date hereof. We may not have a default under the Indenture or the Notes on the date of deposit. The discharge may not cause the Trustee to have a conflicting interest for purposes of the Trust Indenture Act and may not result in our becoming an investment company in violation of the Investment Company Act of 1940. The discharge may not violate any of our agreements to which we are a party or by which we are bound.

Any defeasance of the Notes pursuant to the Indenture shall be subject to our obtaining the prior approval of the Federal Reserve and any additional requirements that the Federal Reserve may impose with respect to defeasance of the Notes. Notwithstanding the foregoing, if, due to a change in law, regulation or policy subsequent to the issue date of the Notes the Federal Reserve does not require that defeasance of instruments be subject to Federal Reserve approval in order for the instrument to be accorded Tier 2 capital treatment, then no such approval of the Federal Reserve will be required for such defeasance.

**Satisfaction and Discharge**

We may discharge our obligations under the Indenture and the Notes (except for certain surviving rights of the Trustee and our obligations in connection therewith) if: (a) all outstanding Notes and all other outstanding notes issued under the Indenture (i) have been delivered for cancellation, or (ii) (1) have become due and payable, (2) will become due and payable at their stated maturity within one year, or (3) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice and redemption by the Trustee (and each case, we have irrevocably deposited with the Trustee an amount sufficient to pay and discharge the principal of (and premium, if any) and interest on all outstanding Notes and any other sums due on the stated maturity date or redemption date, as the case may be); (b) we have paid all other sums payable by us under the Indenture; and (c) we have delivered an officer's certificate and opinion of counsel confirming that all conditions precedent with respect to the satisfaction and discharge of the Indenture have been satisfied.

**Consolidation, Merger and Sale of Assets**

The Indenture provides that we may not, in a single transaction or a series of related transactions, consolidate with or merge into any other person or sell, convey, transfer, lease or otherwise dispose of all or substantially all of our assets to any person unless:

&nbsp;&nbsp;&nbsp;&nbsp;· the person formed by such consolidation or into which we are merged or the person which acquires by sale, conveyance or transfer or
other disposition, or which leases, all or substantially all of our properties and assets shall be a corporation, partnership or trust,
shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia
and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee,
the due and punctual payment of the principal of and any premium and interest on all the Notes and the performance or observance of every
other covenant of the Indenture on our part to be performed or observed;

&nbsp;&nbsp;&nbsp;&nbsp;· immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of SouthState or a subsidiary
as a result of such transaction as having been incurred by the SouthState or such subsidiary at the time of such transaction, no Event
of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing;

&nbsp;&nbsp;&nbsp;&nbsp;· if, as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of SouthState would
become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by the Indenture, SouthState
or such successor person, as the case may be, shall take such steps as shall be necessary effectively to secure the Notes equally and
ratably with (or prior to) all indebtedness secured thereby; and

&nbsp;&nbsp;&nbsp;&nbsp;· we have delivered to the Trustee an officers' certificate and an opinion of counsel, each stating that such consolidation, merger,
conveyance, transfer or lease and such supplemental indenture comply with this covenant and that all conditions precedent herein provided
for relating to such transaction have been complied with.

**Further Issues**

If no Event of Default has occurred and is continuing with respect to the Notes, we may, from time to time, without notice to or the consent of the holders of the Notes, create and issue additional notes ranking equally with the Notes and with identical terms in all respects (or in all respects except for the offering price, the payment of interest accruing prior to the issue date of such further notes or except for the first payment of interest following the issue date of such additional notes) in order that such additional notes may be consolidated and form a single series with the Notes and have the same terms as to status, redemption or otherwise as the Notes, subject to the procedures of the DTC; provided however, that a separate CUSIP number will be issued for any such additional notes unless such additional notes are fungible with the Notes for U.S. federal income tax purposes.

The Trustee may conclusively rely upon certificates, opinions or other documents furnished to it under the Indenture and shall have no responsibility to confirm or investigate the accuracy of mathematical calculations or other facts stated therein. The Trustee shall have no responsibility for monitoring SouthState's compliance with any of its covenants under the Indenture.

**Determinations and Decisions**

We and the calculation agent are expressly authorized to make certain determinations, decisions and elections under the terms of the Notes, including with respect to the benchmark transition provisions. Any determination, decision or election that may be made by us or by the calculation agent under the terms of the Notes, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection:

&nbsp;&nbsp;&nbsp;&nbsp;· will be conclusive and binding on the holders of the Notes and the Trustee absent manifest error;

&nbsp;&nbsp;&nbsp;&nbsp;· if made by us, will be made in our sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;· if made by the calculation agent, will be made after consultation with us, and the calculation agent will not make any such determination,
decision or election to which we reasonably object; and

&nbsp;&nbsp;&nbsp;&nbsp;· notwithstanding anything to the contrary in the Indenture, shall become effective without consent from the holders of the Notes or
the Trustee.

If the calculation agent fails to make any determination, decision or election that it is required to make under the terms of the Notes, then we will make that determination, decision or election on the same basis as described above.

None of the Trustee, the paying agent or the calculation agent shall be under any obligation (i) to monitor, determine or verify the unavailability or cessation of SOFR or the SOFR index, or whether or when there has occurred, or to give notice to any other transaction party of the occurrence of, any Benchmark Transition Event or related Benchmark Replacement Date, (ii) to select, determine or designate any Benchmark Replacement, or other successor or replacement benchmark index, or whether any conditions to the designation of such a rate or index have been satisfied, or (iii) to select, determine or designate any Benchmark Replacement Adjustment, or other modifier to any replacement or successor index, or (iv) to determine whether or what Benchmark Replacement Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing, including, but not limited to, adjustments as to any alternative spread thereon, the business day convention, interest determination dates or any other relevant methodology applicable to such substitute or successor benchmark. In connection with the foregoing, each of the Trustee, paying agent and calculation agent shall be entitled to conclusively rely on any determinations made by us or our designee without independent investigation, and none will have any liability for actions taken at our direction in connection therewith.

None of the Trustee, the paying agent or the calculation agent shall be liable for any inability, failure or delay on its part to perform any of its duties set forth in this prospectus supplement as a result of the unavailability of SOFR, the SOFR index or other applicable Benchmark Replacement, including as a result of any failure, inability, delay, error or inaccuracy on the part of any other transaction party in providing any direction, instruction, notice or information required or contemplated by the terms of this prospectus supplement and reasonably required for the performance of such duties. None of the Trustee, paying agent or calculation agent shall be responsible or liable for our actions or omissions or for those of our designee, or for any failure or delay in the performance by us or our designee, nor shall any of the Trustee, paying agent or calculation agent be under any obligation to oversee or monitor our performance or that of our designee.

**Calculation Agent**

We will appoint a calculation agent for the Notes prior to the commencement of the floating rate period and will keep a record of such appointment at our principal offices, which will be available to any holder of the Notes upon request. In addition, we or an affiliate of ours may assume the duties of the calculation agent. We will act as the initial calculation agent.

**Paying Agent**

We may appoint one or more financial institutions to act as our paying agents, at whose designated offices the Notes in non-global form may be surrendered for payment at their maturity. We call each of those offices a paying agent. We may add, replace or terminate paying agents from time to time. We may also choose to act as our own paying agent. Initially, we have appointed the Trustee, at its principal corporate trust office at One Federal Street, 3rd Floor, Boston MA 02110, as the paying agent for the Notes. We must notify you of changes in the paying agents.

**Governing Law**

The Indenture provides that the Notes will be governed by, and construed in accordance with, the laws of the State of New York.

**Tier 2 Capital**

The Notes are intended to qualify as Tier 2 capital under the capital adequacy rules established by the Federal Reserve for bank holding companies, as the same may be amended or supplemented from time to time. The rules set forth specific criteria for instruments to qualify as Tier 2 capital. Among other things, the Notes must:

&nbsp;&nbsp;&nbsp;&nbsp;· be unsecured;

&nbsp;&nbsp;&nbsp;&nbsp;· have a minimum original maturity of at least five years;

&nbsp;&nbsp;&nbsp;&nbsp;· be subordinated to our depositors and general creditors;

&nbsp;&nbsp;&nbsp;&nbsp;· not contain provisions permitting the holders of the Notes to accelerate payment of principal prior to maturity except in the event
of receivership, insolvency, liquidation or similar proceedings of a bank holding company or a major bank subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;· only be callable after a minimum of five years following issuance, except upon the occurrence of a "Tax Event" or a "Tier
2 Capital Event" (as such terms are defined in the Indenture) or if we are required to register as an investment company pursuant
to the Investment Company Act of 1940, as amended, and, in any case, subject to obtaining the prior approval of the Federal Reserve to
the extent such approval is then required under the rules of the Federal Reserve; and

&nbsp;&nbsp;&nbsp;&nbsp;· unless the Federal Reserve authorizes us to do otherwise in writing, not be redeemed or repurchased unless they are replaced with
an equivalent amount of other Tier 2 capital instruments or we can demonstrate to the satisfaction of the Federal Reserve that following
redemption, we will continue to hold capital commensurate with our risk.

**Clearance and Settlement**

The Notes will be represented by one or more global certificates, which we refer to individually as a Global Note and collectively as the Global Notes, deposited with or on behalf of DTC and registered in the name of Cede & Co. or another nominee of DTC. The Notes will be available for purchase in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof in book-entry form only. So long as DTC or any successor depositary, which we refer to collectively as the "Depositary," or its nominee is the registered owner of the Global Notes, the Depositary, or such nominee, as the case may be, will be considered to be the sole owner or holder of the Notes for all purposes of the Indenture. Beneficial interests in the Global Notes will be represented through book-entry accounts of financial institutions acting on behalf of beneficial owners as direct and indirect participants in DTC. Investors may not elect to receive a certificate representing their Notes while the Notes are held by a Depositary. Investors may elect to hold interests in the Global Notes through DTC either directly if they are participants in DTC or indirectly through organizations that are participants in DTC.

The laws of some jurisdictions may require that some purchasers of securities take physical delivery of securities in definitive form. These laws may impair the ability to transfer beneficial interests in the Notes, so long as the corresponding securities are represented by Global Notes.

DTC has advised us that it is a limited-purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code and a "clearing agency" registered pursuant to the provisions of Section 17A of the Exchange Act. DTC holds securities that its direct participants deposit with DTC. DTC also facilitates the post-trade settlement among participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between participants' accounts. This eliminates the need for physical movement of securities certificates. Direct participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations and certain other organizations. DTC is a wholly owned subsidiary of The Depository Trust & Clearing Corporation, which, in turn, is owned by a number of direct participants of DTC. Access to the DTC system is also available to others, referred to as indirect participants, such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies and clearing corporations that clear through or maintain a direct or indirect custodial relationship with a direct participant. The rules applicable to DTC and its participants are on file with the SEC.

Purchases of securities under the DTC system must be made by or through direct participants, which will receive a credit for the securities on DTC's records. The ownership interest of each beneficial owner of securities will be recorded on the direct or indirect participants' records. Beneficial owners will not receive written confirmation from DTC of their purchase. Beneficial owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the direct or indirect participant through which the beneficial owner entered into the transaction.

Under a book-entry format, holders may experience some delay in their receipt of payments, as such payments will be forwarded by the Depositary to Cede & Co., as nominee for DTC. DTC will forward the payments to its participants, who will then forward them to indirect participants or holders. Beneficial owners of securities other than DTC or its nominees will not be recognized by the relevant registrar, transfer agent, paying agent or trustee as registered holders of the securities entitled to the benefits of the Indenture. Beneficial owners that are not participants will be permitted to exercise their rights only indirectly through and according to the procedures of participants and, if applicable, indirect participants.

To facilitate subsequent transfers, all securities deposited by direct participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual beneficial owners of the securities; DTC's records reflect only the identity of the direct participants to whose accounts the securities are credited, which may or may not be the beneficial owners. The direct and indirect participants will remain responsible for keeping account of their holdings on behalf of their customers.

Conveyance of redemption notices and other communications by DTC to direct participants, by direct participants to indirect participants, and by direct and indirect participants to beneficial owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. If less than all of the securities of any class are being redeemed, then DTC will determine the amount of the interest of each direct participant to be redeemed in accordance with its then current procedures.

Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to any securities unless authorized by a direct participant in accordance with DTC's procedures. Under its usual procedures, DTC mails an omnibus proxy to the issuer as soon as possible after the record date. The omnibus proxy assigns Cede & Co.'s consenting or voting rights to those direct participants to whose accounts securities are credited on the record date (identified in a listing attached to the omnibus proxy).

DTC may discontinue providing its services as securities Depositary with respect to the Notes at any time by giving reasonable notice to the issuer or its agent. Under these circumstances, in the event that a successor securities Depositary is not obtained, certificates for the Notes are required to be printed and delivered. We may decide to discontinue the use of the system of book-entry-only transfers through DTC (or a successor securities Depositary). In that event, certificates for the Notes will be printed and delivered to DTC.

As long as DTC or its nominee is the registered owner of the Global Notes, DTC or its nominee, as the case may be, will be considered the sole owner and holder of the Global Notes and all securities represented by these certificates for all purposes under the instruments governing the rights and obligations of holders of such securities. Except in the limited circumstances referred to above, owners of beneficial interests in Global Notes:

&nbsp;&nbsp;&nbsp;&nbsp;· will not be entitled to have such global security certificates or the securities represented by these certificates registered in their
names;

&nbsp;&nbsp;&nbsp;&nbsp;· will not receive or be entitled to receive physical delivery of securities certificates in exchange for beneficial interests in global
security certificates; and

&nbsp;&nbsp;&nbsp;&nbsp;· will not be considered to be owners or holders of the global security certificates or any securities represented by these certificates
for any purpose under the instruments governing the rights and obligations of holders of such securities.

All redemption proceeds, distributions and interest payments on the securities represented by the Global Notes and all transfers and deliveries of such securities will be made to DTC or its nominee, as the case may be, as the registered holder of the securities. DTC's practice is to credit direct participants' accounts upon DTC's receipt of funds and corresponding detail information from the issuer or its agent, on the payable date in accordance with their respective holdings shown on DTC's records. Payments by participants to beneficial owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of that participant and not of DTC, the Depositary, the issuer, the Trustee or any of their agents, subject to any statutory or regulatory requirements as may be in effect from time to time.

Payment of redemption proceeds, distributions and interest payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the issuer or its agent, disbursement of such payments to direct participants will be the responsibility of DTC, and disbursement of such payments to the beneficial owners will be the responsibility of direct and indirect participants.

Ownership of beneficial interests in the Global Notes will be limited to participants or persons that may hold beneficial interests through institutions that have accounts with DTC or its nominee. Ownership of beneficial interests in Global Notes will be shown only on, and the transfer of those ownership interests will be effected only through, records maintained by DTC or its nominee, with respect to participants' interests, or any participant, with respect to interests of persons held by the participant on their behalf. Payments, transfers, deliveries, exchanges, redemptions and other matters relating to beneficial interests in Global Notes may be subject to various policies and procedures adopted by DTC from time to time. None of SouthState, the Trustee or any agent for any of them will have any responsibility or liability for any aspect of DTC's or any direct or indirect participant's records relating to, or for payments made on account of, beneficial interests in Global Notes, or for maintaining, supervising or reviewing any of DTC's records or any direct or indirect participant's records relating to these beneficial ownership interests.

Although DTC has agreed to the foregoing procedures in order to facilitate transfer of interests in the Global Notes among participants, DTC is under no obligation to perform or continue to perform these procedures, and these procedures may be discontinued at any time. Neither SouthState nor the Trustee will have any responsibility for the performance by DTC or its direct participants or indirect participants under the rules and procedures governing DTC.

Because DTC can act only on behalf of direct participants, who in turn act only on behalf of direct or indirect participants, and certain banks, trust companies and other persons approved by it, the ability of a beneficial owner of securities to pledge them to persons or entities that do not participate in the DTC system may be limited due to the unavailability of physical certificates for the securities.

DTC has advised us that it will take any action permitted to be taken by a registered holder of any securities under the Indenture, only at the direction of one or more participants to whose accounts with DTC the relevant securities are credited.

The information in this section concerning DTC and its book-entry system has been obtained from sources that we believe to be accurate, but we assume no responsibility for the accuracy thereof.

**Trustee**

U.S. Bank Trust Company, National Association, will act as Trustee under the Indenture.

**Notices**

Any notices required to be given to the holders of the Notes will be given to the Trustee. Notwithstanding any other provision of the Indenture or any Note, where the Indenture or any Note provides for notice of any event or any other communication (including any notice of redemption or repurchase) to a holder of a Note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the applicable procedures from DTC or its designee, including by electronic mail in accordance with accepted practices at DTC.

**Certain ERISA Considerations**

The following is a summary of certain considerations associated with the purchase and holding of the Notes by (i) employee benefit plans subject to Title I of the U.S. Employee Retirement Income Security Act of 1974, as amended, which we refer to as "ERISA", (ii) plans, individual retirement accounts and other arrangements subject to Section 4975 of the Internal Revenue Code of 1986, as amended, which we refer to as the "Code", (iii) plans subject to any federal, state, local, non-U.S. or other laws or regulations that are similar to Title I of ERISA or Section 4975 of the Code, which we collectively refer to as "Similar Laws", and (iv) entities whose underlying assets are considered to include "plan assets" of such employee benefit plans, plans or arrangements (each of which described in (i), (ii), (iii) and (iv) we call a "Plan").

Each fiduciary of a Plan should consider the fiduciary standards of ERISA or any applicable Similar Laws in the context of the Plan's particular circumstances before authorizing an investment in the Notes. Accordingly, among other factors, the fiduciary should consider whether the investment would satisfy the prudence and diversification requirements of ERISA or any applicable Similar Laws and would be consistent with the documents and instruments governing the Plan.

In addition, Section 406 of ERISA and Section 4975 of the Code prohibit Plans subject to Title I of ERISA or Section 4975 of the Code, which we call "ERISA Plans", from engaging in certain transactions involving "plan assets" with persons that are "parties in interest" under ERISA or "disqualified persons" under Section 4975 of the Code with respect to the ERISA Plans. A violation of these "prohibited transaction" rules may result in an excise tax or other liabilities under ERISA and/or Section 4975 of the Code for those persons, unless exemptive relief is available under an applicable statutory or administrative exemption. In addition, the fiduciary of an ERISA Plan that engages in such a non-exempt prohibited transaction may be subject to penalties and liabilities under ERISA and/or the Code.

As a result of our business, we and certain of our affiliates may be considered parties in interest or disqualified persons with respect to many ERISA Plans. Prohibited transactions within the meaning of Section 406 of ERISA or Section 4975 of the Code could arise if the Notes were acquired by an ERISA Plan with respect to which we, any underwriter or any of our or their affiliates is a party in interest or a disqualified person. For example, if we are a party in interest or disqualified person with respect to an investing ERISA Plan (either directly or by reason of our ownership of our subsidiaries), the purchase of any Notes by an ERISA Plan could result in a sale or exchange that is prohibited by Section 406(a)(1)(A) of ERISA and Section 4975(c)(1)(A) of the Code or lending of money or other extension of credit that is prohibited by Section 406(a)(1)(B) of ERISA and Section 4975(c)(1)(B) of the Code, unless exemptive relief were available under an applicable exemption (see below).

The U.S. Department of Labor has issued prohibited transaction class exemptions, or PTCEs, that may provide exemptive relief for direct or indirect prohibited transactions resulting from the purchase, holding or disposition of the Notes. Those class exemptions include:

&nbsp;&nbsp;&nbsp;&nbsp;· PTCE 96-23 — for certain transactions determined by in-house asset managers;

&nbsp;&nbsp;&nbsp;&nbsp;· PTCE 95-60 — for certain transactions involving insurance company general accounts;

&nbsp;&nbsp;&nbsp;&nbsp;· PTCE 91-38 — for certain transactions involving bank collective investment funds;

&nbsp;&nbsp;&nbsp;&nbsp;· PTCE 90-1 — for certain transactions involving insurance company separate accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;· PTCE 84-14 — for certain transactions determined by independent qualified professional asset managers.

In addition, ERISA Section 408(b)(17) and Section 4975(d)(20) of the Code provides an exemption for transactions between an ERISA Plan and a party in interest or disqualified person, provided that the party in interest or disqualified person is not a fiduciary (or an affiliate) who has or exercises any discretionary authority or control with respect to the investment of the ERISA Plan assets involved in the transaction or renders investment advice with respect to those assets, and is a party in interest or disqualified person solely by reason of being a service provider to the ERISA Plan or having a relationship to a service provider to the ERISA Plan and provided, further that the ERISA Plan pays no more than adequate consideration in connection with the transaction (the so-called "service provider exemption"). No assurance can be made that any such exemptions will be available, or that all of the conditions of any such exemptions will be satisfied, with respect to transactions involving the Notes.

Employee benefit plans that are governmental plans (as defined in Section 3(32) of ERISA), certain church plans (as defined in Section 3(33) of ERISA) and non-U.S. plans (as described in Section 4(b)(4) of ERISA) are not subject to the requirements of ERISA or Section 4975 of the Code, but may be subject to Similar Laws.

Because of the possibility that direct or indirect prohibited transactions or violations of Similar Laws could occur as a result of the purchase, holding or disposition of the Notes by a Plan, the Notes may not be purchased by any Plan, or any person investing the assets of any Plan, unless its purchase, holding and disposition of the Notes will not constitute or result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Laws. Any purchaser or holder of the Notes or any interest in the Notes will be deemed to have represented by its purchase and holding of the Notes that either:

&nbsp;&nbsp;&nbsp;&nbsp;· it is not a Plan and is not purchasing the Notes or interest in the Notes on behalf of or with the assets of any Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;· its purchase, holding and subsequent disposition of the Notes or interest in the Notes will not constitute or result in a non-exempt
prohibited transaction under ERISA or the Code or a violation of any Similar Laws.

Due to the complexity of these rules and the penalties imposed upon persons involved in non-exempt prohibited transactions, it is important that any person considering the purchase of the Notes on behalf of or with the assets of any Plan consult with its counsel regarding the consequences under ERISA, the Code and any applicable Similar Laws of the acquisition, holding and disposition of the Notes, whether any exemption would be applicable, and whether all conditions of such exemption would be satisfied such that the acquisition and holding of the Notes by the Plan would be entitled to full exemptive relief thereunder.

Nothing herein shall be construed as, and the sale of the Notes to a Plan is in no respect, a representation or advice by us or the underwriters (or any of our or their affiliates) as to whether any investment in the Notes would meet any or all of the relevant legal requirements with respect to investment by, or is appropriate for, Plans generally or any particular Plan. The foregoing discussion is merely a summary and should not be construed as legal advice or as complete in all relevant respects.

**Material U.S. Federal Income Tax Considerations**

This section describes the material U.S. federal income tax considerations of the acquisition, ownership and disposition of the Notes we are offering. It is not a complete analysis of all the potential tax considerations relating to the Notes. This summary is based upon the provisions of the Code, Treasury Regulations promulgated under the Code, and currently effective administrative rulings and judicial decisions. These authorities may be changed, perhaps with retroactive effect, so as to result in U.S. federal income tax consequences different from those set forth below.

This summary is limited to beneficial owners (referred to in this summary as holders) of the Notes that purchase the Notes upon their initial issuance at their " issue price" (i.e., the first price at which a substantial amount of the Notes is sold for cash to investors (excluding sales to bond houses, brokers or similar persons or organizations acting in the capacity as underwriters, placement agents or wholesalers)) and that will hold the Notes as capital assets within the meaning of Section 1221 of the Code for U.S. federal income tax purposes. This summary does not address the tax considerations arising under the laws of any foreign, state or local jurisdiction. In addition, this discussion does not address any alternative minimum or Medicare contribution tax considerations, nor does it address all U.S. federal income tax considerations that may be applicable to holders' particular circumstances or to holders that may be subject to special tax rules, such as, for example:

&nbsp;&nbsp;&nbsp;&nbsp;· banks, insurance companies, or other financial institutions;

&nbsp;&nbsp;&nbsp;&nbsp;· real estate investment trusts;

&nbsp;&nbsp;&nbsp;&nbsp;· regulated investment companies;

&nbsp;&nbsp;&nbsp;&nbsp;· controlled foreign corporations and their shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;· passive foreign investment companies and their shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;· tax-exempt organizations;

&nbsp;&nbsp;&nbsp;&nbsp;· qualified retirement plans, individual retirement accounts and other deferred compensation arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;· governmental entities;

&nbsp;&nbsp;&nbsp;&nbsp;· brokers and dealers in securities;

&nbsp;&nbsp;&nbsp;&nbsp;· certain U.S. expatriates;

&nbsp;&nbsp;&nbsp;&nbsp;· traders in securities that elect to use a mark-to-market method of accounting for their securities holdings;

&nbsp;&nbsp;&nbsp;&nbsp;· U.S. holders (as defined below) whose functional currency is not the U.S. dollar;

&nbsp;&nbsp;&nbsp;&nbsp;· holders subject to the special tax accounting rules under Section 451 of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;· persons that will hold the Notes as a position in a hedging transaction, wash sale, straddle, conversion transaction or other risk
reduction or synthetic transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;· entities or arrangements classified as partnerships or S corporations for U.S. federal income tax purposes or other pass-through entities,
or investors in such entities.

If an entity or arrangement classified as a partnership for U.S. federal income tax purposes holds the Notes, the tax treatment of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. If you are an entity or arrangement classified as a partnership for U.S. federal income tax purposes that will hold Notes or a partner of such a partnership, you are urged to consult your tax advisor regarding the tax consequences of holding the Notes to you.

**This summary of certain U.S. federal income tax considerations is for general information only and is not tax advice. You are urged to consult your tax advisor with respect to the application of U.S. federal income tax laws to your particular situation as well as any tax considerations arising under other U.S. federal tax laws (such as the estate or gift tax laws) or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.**

**U.S. Holders**

This subsection describes the tax considerations for a "U.S. holder." You are a "U.S. holder" if you are a beneficial owner of a Note and you are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· an individual citizen or resident of the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a corporation (or other entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the
laws of the United States, any state thereof, or the District of Columbia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· an estate the income of which is subject to U.S. federal income tax regardless of its source; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· a trust that (1) is subject to the supervision of a court within the United States if one or more "United States persons"
(as defined in the Code) have the authority to control all substantial decisions of the trust, or (2) has a valid election in effect
under applicable Treasury Regulations to be treated as a "United States person."

*Payments of interest*. It is anticipated, and this discussion assumes, that the Notes will be issued without original issue discount for U.S. federal income tax purposes. In such case, interest on a Note will be includible by a U.S. holder as interest income at the time it accrues or is received in accordance with its method of accounting for U.S. federal income tax purposes and will be ordinary income.

*Sale, exchange, retirement or other taxable disposition*. Upon the sale, exchange, retirement or other taxable disposition of a Note, a U.S. holder will recognize taxable gain or loss equal to the difference between the amount realized on such disposition (except to the extent any amount realized is attributable to accrued but unpaid interest, which will be treated as a payment of interest) and the U.S. holder's adjusted tax basis in the Note. U.S. holder's adjusted tax basis in a Note generally will be its cost. Gain or loss recognized on the disposition of a Note generally will be capital gain or loss, and will be long-term capital gain or loss if, at the time of the disposition, the U.S. holder's holding period for the Note is more than one year. Long-term capital gains of non-corporate taxpayers are generally eligible for preferential rates of taxation. The deductibility of capital losses is subject to certain limitations.

*Information reporting and backup withholding*. Information returns are required to be filed with the IRS in connection with payments on the Notes and proceeds received from a sale or other disposition of the Notes unless the U.S. holder is an exempt recipient. U.S. holder may also be subject to backup withholding on these payments in respect of the U.S. holder's Notes unless the U.S. holder provides a taxpayer identification number and otherwise complies with applicable requirements of the backup withholding rules or the U.S. holder provides proof of an applicable exemption. Amounts withheld under the backup withholding rules are not additional taxes and may be refunded or credited against the U.S. holder's U.S. federal income tax liability, provided the required information is timely furnished to the IRS.

**Non-U.S. Holders**

This subsection describes the tax considerations for a "non-U.S. holder." You are a "non-U.S. holder" if you are the beneficial owner of a Note that is neither a U.S. holder nor an entity or arrangement classified as a partnership for U.S. federal income tax purposes.

*Payments of interest*. Subject to the discussion under "— Information reporting and backup withholding" and "— FATCA" below, payments of principal and interest on the Notes to a non-U.S. holder generally will be exempt from U.S. federal income or withholding tax if, in the case of the payments of interest:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the non-U.S. holder does not own, actually or constructively, 10% or more of the combined voting power of all classes of our stock
entitled to vote;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the non-U.S. holder is not a "controlled foreign corporation" for U.S. federal income tax purposes that is related to
us through stock ownership;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the non-U.S. holder certifies under penalties of perjury on IRS Form W-8BEN or, if applicable, W-8BEN-E that the non-U.S. holder
is not a United States person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the non-U.S. holder is not receiving such interest as income effectively connected with the conduct by the non-U.S. holder of a trade
or business within the United States.

If a non-U.S. holder cannot satisfy one of the first three requirements described above and interest on the Notes is not exempt from withholding because it is effectively connected with the non-U.S. holder's conduct of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable to the non-U.S. holder's U.S. permanent establishment or fixed base), as described below, payments of interest on the Notes will be subject to withholding tax at a rate of 30%, or the rate specified by an applicable treaty.

*Sale, exchange or other taxable disposition*. A non-U.S. holder generally will not be subject to U.S. federal income or withholding tax on gain realized on a sale, redemption or other taxable disposition of Notes, unless the gain is effectively connected with the non-U.S. holder's conduct of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable to the non-U.S. holder's U.S. permanent establishment or fixed base), as described below. However, any proceeds attributable to accrued interest will be treated as described in "— Payments of interest" above.

*Income or gain effectively connected with a U.S. trade or business.* If interest or gain on the Notes is effectively connected with a non-U.S. holder's conduct of a trade or business in the United States (and, if required by an applicable income tax treaty, is attributable to a U.S. permanent establishment or fixed base maintained by a non-U.S. holder), a non-U.S. holder will generally be taxed in the same manner as a U.S. holder. In this case, a non-U.S. holder will be exempt from the withholding tax on interest discussed above, although a non-U.S. holder will be required to provide a properly executed IRS Form W-8ECI in order to claim an exemption from withholding. Non-U.S. holders should consult their tax advisors with respect to other U.S. tax consequences of the ownership and disposition of Notes, including the possible imposition of a branch profits tax at a rate of 30% (or a lower treaty rate) if the non-U.S. holder is a corporation.

*Information reporting and backup withholding.* Information returns are required to be filed with the IRS in connection with payments of interest on the Notes. Unless the non-U.S. holder complies with certification procedures to establish that the non-U.S. holder is not a United States person, information returns may also be filed with the IRS in connection with the proceeds from a sale or other disposition of a note. A non-U.S. holder may be subject to backup withholding on payments on the Notes or on the proceeds from a sale or other disposition of the Notes unless the non-U.S. holder complies with certification procedures to establish that a non-U.S. holder is not a United States person or otherwise establish an exemption. The certification procedures required to claim the exemption from withholding tax on interest described above will satisfy the certification requirements necessary to avoid backup withholding as well.

Amounts withheld under the backup withholding rules are not additional taxes and may be refunded or credited against the non-U.S. holder's U.S. federal income tax liability, provided the required information is timely furnished to the IRS.

*FATCA*. Provisions commonly referred to as "FATCA" impose withholding of 30% on payments of interest on the Notes and on payments of gross proceeds of sales or redemptions of the Notes to "foreign financial institutions" (which is broadly defined for this purpose and in general includes investment vehicles and financial intermediaries) and certain other non-U.S. entities unless various U.S. information reporting and due diligence requirements (generally relating to ownership by U.S. persons of interests in or accounts with those entities) have been satisfied, or an exemption applies. However, proposed Treasury Regulations (the preamble to which specifies that taxpayers are permitted to rely on them pending finalization) eliminate the withholding requirement on payments of gross proceeds of a taxable disposition (other than any amount treated as interest). Holders are encouraged to consult with their own tax advisors regarding the possible implications of FATCA on their investment in the Notes.

**The discussion of U.S. federal income tax considerations set forth above is included for general information only and may not be applicable depending upon a holder's particular situation. Prospective purchasers of the Notes are urged to consult their own tax advisors with respect to the tax consequences to them of the purchase, ownership and disposition of Notes, including the tax consequences under state, local, estate, foreign and other tax laws and the possible effects of changes in U.S. or other tax laws.**

**Underwriting**

We have entered into an underwriting agreement, dated , 2025 (the "Underwriting Agreement"), with Morgan Stanley & Co. LLC, Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc., who are acting as the representatives of each of the several underwriters named below, with respect to the Notes. Subject to certain conditions, the underwriters have agreed to purchase, severally, the aggregate principal amount of Notes set forth next to their names in the following table:

---

| | |
|:---|:---|
| **Underwriters** | **Principal<br> Amount of<br> Notes** |
| Morgan Stanley & Co. LLC | $— |
| Piper Sandler & Co. |  |
| Keefe, Bruyette & Woods, Inc. |  |
| &nbsp;&nbsp;&nbsp;Total | $— |

---

The Underwriting Agreement provides that the obligations of the underwriters to purchase the Notes offered hereby are subject to certain conditions precedent and that the underwriters will purchase all of the Notes if any of the Notes are purchased.

The Notes sold by the underwriters to the public will be offered at the public offering price set forth on the cover of this prospectus supplement. The underwriters may offer the Notes to selected dealers at the public offering price set forth on the cover of this prospectus supplement less a concession not in excess of % of the principal amount per note. After the initial offering, the underwriters may change the offering price and the other selling terms. The offering of the Notes by the underwriters is subject to receipt and acceptance and subject to the underwriters' right to reject any order in whole or in part.

**Discounts, Commission and Expenses**

The following table shows the public offering price, the underwriting discounts and commissions that we are to pay the underwriters and the proceeds, before expenses, to us in connection with this offering (expressed as a percentage of the principal amount of the Notes offered hereby).

---

| | |
|:---|:---|
|  | **Total** |
| Public offering price(1)% | $— |
| Underwriting discounts and commissions paid by us% | $— |
| Proceeds to us, before expenses% | $— |

---

(1) Plus accrued interest from , 2025, to the date of delivery.

We estimate that our total expenses for this offering, including our reimbursement of the underwriters for their out-of-pocket expenses incurred in connection with this offering, including legal fees and expenses, marketing, syndication and travel expenses, and excluding underwriting discounts and commissions, will be approximately $. In accordance with FINRA Rule 5110, the underwriters' reimbursed expenses are deemed underwriting compensation for this offering.

**Indemnification**

We have agreed to indemnify the underwriters, and persons who control the underwriters, against certain liabilities, including liabilities under the Securities Act and to contribute to payments that the underwriters may be required to make in respect of these liabilities.

**No Public Trading Market**

There is currently no public trading market for the Notes. In addition, we have not applied and do not intend to apply to list the Notes on any national securities exchange or to have the Notes quoted on an automated dealer quotation system. The underwriters have advised us that they intend to make a market in the Notes. However, the underwriters are not obligated to do so and may discontinue any market-making in the Notes at any time in their sole discretion and without prior notice. Therefore, we cannot assure you that a liquid trading market for the Notes will develop or continue, that you will be able to sell your Notes at a particular time, or that the price that you receive when you sell will be favorable.

**No Sale of Similar Securities**

We have agreed with the underwriters that for a period of 45 days from the date of the Underwriting Agreement, we and our subsidiaries will not, without the prior consent of the underwriters, offer or sell, or enter into any agreement to sell, any debt securities (excluding deposit obligations) of ours or of our subsidiaries.

**Stabilization**

In connection with this offering of the Notes, the underwriters may engage in overallotment, stabilizing transactions and syndicate covering transactions. Overallotment involves sales in excess of the offering size, which create a short position for the underwriters. Stabilizing transactions involve bids to purchase the Notes in the open market for the purpose of pegging, fixing or maintaining the price of the Notes. Syndicate covering transactions involve purchases of the Notes in the open market after the distribution has been completed in order to cover short positions. Stabilizing transactions and syndicate covering transactions may cause the price of the Notes to be higher than it would otherwise be in the absence of those transactions. If the underwriters engage in stabilizing or syndicate covering transactions, they may discontinue such activities at any time without notice.

Neither we nor any of the underwriters make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of the Notes. In addition, neither we nor any of the underwriters make any representation that the underwriters will engage in these transactions or that these transactions, once commenced, will not be discontinued without notice.

**Electronic Distribution**

This prospectus supplement and the accompanying prospectus may be made available in electronic format on websites or through other online services maintained by the underwriters or their affiliates.

Other than the prospectus supplement and the accompanying prospectus in electronic format, information on such websites and any information contained in any other website maintained by any of the underwriters or their affiliates is not part of this prospectus supplement or our registration statement of which the related prospectus forms a part, has not been approved or endorsed by us or the underwriters in their capacity as underwriters and should not be relied on by investors.

**Our Relationships with the Underwriters**

The underwriters and their affiliates have engaged, or may in the future engage, in investment banking transactions and other commercial dealings in the ordinary course of business with us or our affiliates. The underwriters have received, or may in the future receive, customary fees and commissions for these transactions.

In addition, in the ordinary course of their business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade indebtedness and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own accounts and for the accounts of their customers. Such investments and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

**Other Matters**

Other than in the United States, no action has been taken by us or the underwriters that would permit a public offering of the Notes offered by this prospectus supplement in any jurisdiction in which action for that purpose is required. The Notes offered by this prospectus supplement may not be offered or sold, directly or indirectly, nor may this prospectus supplement, the accompanying prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. We and the underwriters require that the persons into whose possession this prospectus supplement comes inform themselves about, and observe any restrictions relating to, the offering and the distribution of this prospectus supplement. This prospectus supplement does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus supplement in any jurisdiction in which such an offer or a solicitation is unlawful.

We expect that delivery of the Notes will be made against payment therefor on or about , 2025, which will be the business day following the date hereof (such settlement being referred to as "T+ "). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the delivery of the Notes hereunder will be required, by virtue of the fact that the Notes initially settle in T+ , to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their advisors.

**Selling Restrictions**

***European Economic Area***

In relation to each member state of the European Economic Area (each a "Member State"), no offer of the Notes to the public has been or will be made in that Member State, except that offers of the Notes to the public may be made in that Member State at any time under the following exemptions under the Prospectus Regulation:

&nbsp;&nbsp;&nbsp;&nbsp;· to any legal entity which is a "qualified investor" as defined in the Prospectus Regulation;

&nbsp;&nbsp;&nbsp;&nbsp;· to fewer than 150 natural or legal persons (other than qualified investors, as defined in the Prospectus Regulation), subject to obtaining
the prior consent of the underwriters for any such offer; or

&nbsp;&nbsp;&nbsp;&nbsp;· in any other circumstances falling within Article 1(4) of the Prospectus Regulation;

provided that no such offer of Notes shall require us or the underwriters to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the Prospectus Regulation.

For the purposes of the above provisions, the expression "an offer of Notes to the public" in relation to any Notes in any Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any Notes to be offered so as to enable an investor to decide to purchase or subscribe for any Notes, and the expression "Prospectus Regulation" means Regulation (EU) 2017/1129.

***United Kingdom***

No offer of the Notes to the public has been or will be made in the United Kingdom, except that offers of the Notes to the public may be made in the United Kingdom at any time under the following exemptions:

&nbsp;&nbsp;&nbsp;&nbsp;· to any legal entity which is a "qualified investor" as defined in the UK Prospectus Regulation;

&nbsp;&nbsp;&nbsp;&nbsp;· to fewer than 150 natural or legal persons (other than qualified investors, as defined in the UK Prospectus Regulation), subject to
obtaining the prior consent of the underwriters for any such offer; or

&nbsp;&nbsp;&nbsp;&nbsp;· in any other circumstances falling within section 86 of the Financial Services and Markets Act 2000 (the "FSMA");

provided that no such offer of Notes shall require us or the underwriters to publish a prospectus pursuant to section 85 of the FSMA or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation.

In addition, this document is only being distributed to, and is only directed at, persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, referred to herein as the Order, and/or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order and other persons to whom it may lawfully be communicated. Each such person is referred to herein as a Relevant Person.

In the United Kingdom, any investment or investment activity to which this prospectus supplement relates is available only to Relevant Persons and will only be engaged with Relevant Persons. This prospectus supplement and its contents are confidential and should not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other persons in the United Kingdom. Any person in the United Kingdom that is not a Relevant Person should not act or rely on this document or any of its contents.

For the purposes of the above provisions, the expression "an offer of Notes to the public" in relation to any Notes in any Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any Notes to be offered so as to enable an investor to decide to purchase or subscribe for any Notes, and the expression "UK Prospectus Regulation" means Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

***Canada***

The Notes may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Notes must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.

Securities legislation in certain provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus supplement and the accompanying prospectus (including any amendment hereto or thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser's province or territory for particulars of these rights or consult with a legal advisor.

Pursuant to section 3A.3 (or, in the case of securities issued or guaranteed by the government of a non-Canadian jurisdiction, section 3A.4) of National Instrument 33-105 Underwriting Conflicts (NI 33-105), the underwriters are not required to comply with the disclosure requirements of NI 33-105 regarding underwriter conflicts of interest in connection with this offering.

**Legal Matters**

The validity of the securities offered hereby will be passed upon for SouthState by V. Nicole Comer, Senior Vice President and Deputy General Counsel and Davis Polk & Wardwell LLP, New York, New York. As of June 10, 2025, Ms. Comer beneficially owned shares of SouthState common stock representing less than 1% of the total outstanding shares of SouthState common stock. Certain legal matters related to the offering will be passed upon for the underwriters by Willkie Farr & Gallagher LLP, Chicago, Illinois.

**Experts**

The consolidated financial statements of SouthState Corporation as of December 31, 2024 and 2023, and for each of the years in the two-year period ended December 31, 2024, appearing in SouthState Corporation's [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm) and the effectiveness of SouthState Corporation's internal control over financial reporting as of December 31, 2024 have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.

The consolidated financial statements of SouthState Corporation for the year ended December 31, 2022 appearing in SouthState Corporation's [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), have been audited by Forvis Mazars, LLP, independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.

The consolidated financial statements of Independent Bank Group, Inc. and its subsidiaries as of December 31, 2024 and 2023, and for each of the years in the three (3)-year period ended December 31, 2024, incorporated in this registration statement by reference from SouthState Corporation's Current Report on [Form 8-K/A filed with the SEC on March 5, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002235/ssb-20250102x8ka.htm), have been audited by RSM US LLP, an independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports of such firm given upon their authority as experts in accounting and auditing.

**PROSPECTUS**

**SouthState Corporation**

**Common Stock**

**Preferred Stock**

**Depositary Shares**

**Warrants**

**Stock Purchase Contracts**

**Units**

**Debt Securities**

We may offer and sell, from time to time, in one or more series, shares of our common stock, shares of our preferred stock, depositary shares, warrants to purchase other securities, stock purchase contracts, units consisting of a combination of two or more of these securities, or debt securities. Each time we offer any securities pursuant to this prospectus, we will provide you with a prospectus supplement that will describe the specific amounts, prices and terms of the securities being offered. You should read this prospectus and the applicable prospectus supplement carefully before you invest in the securities described in the applicable prospectus supplement. This prospectus may not be used to consummate sales of securities unless accompanied by a prospectus supplement.

Our common stock is currently listed for trading on the New York Stock Exchange under the symbol "SSB."

**There are significant risks associated with an investment in our securities. You should read carefully the risks we describe beginning on page 3 of this prospectus and contained in [our Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), which is incorporated herein by reference, as well as any risk factors included in, or incorporated by reference into, the applicable prospectus supplement, to read about factors you should consider before buying any securities issued by us.**

**These securities are unsecured and are not savings accounts, deposits or other obligations of any of our bank and non-bank subsidiaries and are not insured or guaranteed by the Federal Deposit Insurance Corporation (the "FDIC") or any other government agency.**

**None of the Securities and Exchange Commission, any state securities commission, the FDIC, the Board of Governors of the Federal Reserve System (the "Federal Reserve"), the Office of the Comptroller of the Currency or any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.**

This prospectus is dated June 10, 2025.

**TABLE OF CONTENTS**

**Prospectus**

---

| | |
|:---|:---|
|  | <u>Page</u> |
| [About This Prospectus](#p_001) | [ii](#p_001) |
| [Where You Can Find More Information](#p_002) | [iii](#p_002) |
| [Special Note Concerning Forward-Looking Statements](#p_003) | [iv](#p_003) |
| [SouthState Corporation](#p_004) | [1](#p_004) |
| [Risk Factors](#p_005) | [3](#p_005) |
| [Use of Proceeds](#p_006) | [4](#p_006) |
| [Plan of Distribution](#p_007) | [5](#p_007) |
| [Description of Capital Stock](#p_008) | [7](#p_008) |
| [Description of Depositary Shares](#p_009) | [12](#p_009) |
| [Description of Warrants](#p_010) | [15](#p_010) |
| [Description of Stock Purchase Contracts](#p_011) | [17](#p_011) |
| [Description of Units](#p_012) | [18](#p_012) |
| [Description of Debt Securities](#p_013) | [19](#p_013) |
| [Validity of Securities](#p_014) | [20](#p_014) |
| [Experts](#p_015) | [20](#p_015) |

---

Unless the context requires otherwise, references to "SouthState," the "Company," "we," "us," "our," "registrant" or similar references mean SouthState Corporation and its subsidiaries. References to the "Bank" means SouthState Corporation's wholly owned subsidiary, SouthState Bank, National Association, a national banking association.

i

**About This Prospectus**

This prospectus is a part of a "shelf" registration statement that we filed with the Securities and Exchange Commission, which we refer to as the SEC. Under this shelf registration statement, we may sell, either separately or together, common stock, preferred stock, depositary shares representing interests in preferred stock, warrants, stock purchase contracts, units and debt securities in one or more offerings up to an indeterminate total dollar amount. The preferred stock, warrants, stock purchase contracts and units may be convertible into or exercisable or exchangeable for common or preferred stock or other securities issued by us or equity securities issued by one or more other entities.

This prospectus only provides you with a general description of the securities we may offer. Each time we sell securities, we will provide a supplement to this prospectus that contains specific information about the terms of the securities and the offering. A prospectus supplement may include a discussion of any risk factors or other special considerations applicable to those securities or to us. The supplement also may add, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement, you should rely on the information in the applicable prospectus supplement. You should carefully read both this prospectus and any supplement, together with the additional information described under the heading "Where You Can Find More Information" below. We may also prepare free writing prospectuses that describe particular securities. Any free writing prospectus should also be read in connection with this prospectus and with any prospectus supplement referred to therein. For purposes of this prospectus, any reference to an applicable prospectus supplement may also refer to a free writing prospectus, unless the context otherwise requires.

The registration statement containing this prospectus, including exhibits to the registration statement, provides additional information about us and the securities offered under this prospectus. That registration statement can be read at the SEC website mentioned under the heading "Where You Can Find More Information" below. You should assume that the information contained in this prospectus and any prospectus supplement is accurate only as of the date on its cover page and that any information we have incorporated by reference herein or therein is accurate only as of the date given in the document incorporated by reference.

We have not authorized anyone else to provide you with any information other than that contained or incorporated by reference in this prospectus or the accompanying prospectus supplement or to make any representations other than as contained in this prospectus or the applicable prospectus supplement. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We may only use this prospectus to sell securities if it is accompanied by a prospectus supplement. We are only offering these securities in jurisdictions where the offer is permitted. You should not assume that the information in this prospectus or the applicable prospectus supplement or any document incorporated by reference is accurate as of any date other than the dates of the applicable documents.

We may sell securities to underwriters who will sell the securities to the public on terms fixed at the time of sale. In addition, the securities may be sold by us directly or through dealers or agents designated from time to time. If we directly or through agents, solicit offers to purchase the securities, we reserve the sole right to accept and, together with any agents, to reject, in whole or in part, any of those offers. See "Plan of Distribution" below.

Any prospectus supplement will contain the names of the underwriters, dealers or agents, if any, together with the terms of the offering, the compensation of those underwriters and the net proceeds to us. Any underwriters, dealers or agents participating in the offering may be deemed "underwriters" within the meaning of the Securities Act of 1933, as amended (the "Securities Act").

ii

**Where You Can Find More Information**

We file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission (the "SEC"). Our reports filed electronically with the SEC are available to the public over the Internet at the SEC's website at http://www.sec.gov.

We make available at no cost all of our reports filed electronically with the SEC through the investor relations page of our website at www.SouthStateBank.com. Except for those SEC filings incorporated by reference in this prospectus or the accompanying prospectus supplement, none of the other information on our website is part of this prospectus or the accompanying prospectus supplement or incorporated by reference herein or therein. You may request a copy of these filings, other than an exhibit to a filing (unless that exhibit is specifically incorporated by reference into that filing), at no cost. Requests should be sent to SouthState Corporation, Attention: Corporate Secretary, 1101 First Street South, Winter Haven, Florida 33880.

The SEC allows us to "incorporate by reference" much of the information that we file with it, which means that we can disclose important information to you by referring you to another document filed separately with the SEC. The information that we incorporate by reference is an important part of this prospectus and the accompanying prospectus supplement. Any statement contained in a document incorporated or deemed to be incorporated by reference into this prospectus or the accompanying prospectus supplement will be deemed to be modified or superseded for purposes of this prospectus or the accompanying prospectus supplement to the extent that a statement contained in this prospectus or the accompanying prospectus supplement or any other subsequently filed document that is deemed to be incorporated by reference into this prospectus or the accompanying prospectus supplement modifies or supersedes the statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus or the accompanying prospectus supplement.

This prospectus and the accompanying prospectus supplement incorporate by reference the documents listed below and all documents we subsequently file with the SEC pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), prior to the termination of the offering of the securities described in this prospectus supplement; *provided*, *however*, that we are not incorporating by reference any documents, portions of documents or other information deemed to have been "furnished" and not "filed" with the SEC:

&nbsp;&nbsp;&nbsp;&nbsp;· [our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 21, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm) (including
portions of our Definitive [Proxy Statement for our 2025 Annual Meeting of Shareholders filed with the SEC on March 11, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002644/ssb-20250423xdef14a.htm) , to the
extent specifically incorporated by reference in such Form 10-K) ;

&nbsp;&nbsp;&nbsp;&nbsp;· [our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 2, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025006162/ssb-20250331x10q.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;· our
Current Reports on Form 8-K filed with the SEC on [January 2, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000006/ssb-20250102x8k.htm) (excluding Item 7.01, Exhibit 99.1 and Exhibit 99.2), [January 13, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000154/ssb-20250108x8k.htm) , [January 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000361/ssb-20250123x8k.htm) (Item 8.01 only), [February 12, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025000857/ssb-20250211x8k.htm) , [March 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002399/ssb-20250228x8k.htm) , [April 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005238/ssb-20250423x8k.htm) (excluding our Current Report on Form 8-K furnished on [April 23, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005239/ssb-20250423x8k.htm) that includes information under Item 7.01 and related exhibits) and [April 24, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025005410/ssb-20250424x8k.htm) (Item 8.01 only), and our Current Report on Form 8-K/A filed with the SEC on [March 5, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002235/ssb-20250102x8ka.htm) ; and

&nbsp;&nbsp;&nbsp;&nbsp;· the description of our common stock set forth in the [Current Report on Form 8-K filed with the SEC on March 7, 2018](https://www.sec.gov/Archives/edgar/data/764038/000110465918015568/a18-7416_28k.htm) , including
any amendment or report filed for the purpose of updating such description.

iii

**Special Note Concerning Forward-Looking Statements**

This prospectus, the documents incorporated by reference or deemed incorporated by reference into this prospectus or the applicable prospectus supplement and any other written or oral statements made by us from time to time may contain forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance are forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements are based on, among other things, management's beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and our acquisition of Independent Bank Group, Inc. ("Independent") in all-stock merger transaction. Words and phrases such as "may," "approximately," "continue," "should," "expects," "projects," "anticipates," "is likely," "look ahead," "look forward," "believes," "will," "intends," "estimates," "strategy," "plan," "could," "potential," "possible" and variations of such words and similar expressions are intended to identify such forward-looking statements. We caution readers that forward-looking statements are subject to certain risks, uncertainties and assumptions that are difficult to predict with regard to, among other things, timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the following:

<u>Risks relating to our Business and Business Strategy</u>

· Economic volatility risk, as a result of monetary, fiscal, and trade law policies, such as tariffs, and inflation, potentially resulting
in higher rates, deterioration in the credit markets, inflation, greater than expected noninterest expenses, excessive loan losses, and
other negative consequences, or on the other hand, lower rates, which also may have other negative consequences, which risks could be
exacerbated by potential negative economic developments resulting from federal spending cuts and/or one or more federal budget-related
impasses or actions;

· Risks relating to the merger and integration of SouthState and Independent, including, among others, (i) the risk that the cost
savings and any revenue synergies from the merger may not be fully realized or may take longer than anticipated to be realized, (ii) the
risk that the integration of Independent's operations into SouthState's operations will be materially delayed or will be more
costly or difficult than expected or that the parties are otherwise unable to successfully integrate Independent's businesses into
SouthState's businesses, (iii) the amount of the costs, fees, expenses and charges related to the merger, (iv) the risk
of deposit attrition, client loss or revenue loss that may be greater than anticipated, and (v) reputational risk and the reaction
of each company's customers, suppliers, employees or other business partners to the merger;

· Risks related to the ability of the Company to pursue its strategic plans which depend upon certain growth goals in our lines of business
which are dependent on a variety of factors including economic conditions in the U.S. and globally, geopolitical factors including tariffs,
competition, and the regulatory environment;

· Interest rate risk and a decrease in our net interest income primarily resulting from our inability to effectively manage the risk,
and its impact on the Bank's earnings, including from the correspondent and mortgage divisions, housing demand and changes in mortgage
conditions, the market value of the Bank's loan and securities portfolios, and the market value of SouthState's equity;

· Inflationary risks negatively impacting our business and profitability, earnings and budgetary projections, or demand for our products
and services;

· Risks related to the costs of funds and our profitability and liquidity, and changes in our deposit mix and growth;

· Compliance, reputational and operational risks related to implementing new lines of business or new products and services and our
failure to successfully manage such risks;

· The impact of increasing digitization of the banking industry and movement of customers to on-line platforms, and the possible impact
on the Bank's results of operations, customer base, expenses, suppliers and operations;

· Risks related to the potential deterioration in real estate values and other adverse changes in mortgage conditions, higher risks
inherent in a loan portfolio that includes commercial real estate loans, environmental risks in our lending activities, and risks that
appraisals used in deciding whether to make a loan that is secured by real estate not ensuring the value of the real property collateral;

iv

· Risks related to (i) our ability to effectively manage credit risk, interest rate risk and liquidity risk affecting the Bank's
ability to meet its obligations when they come due; and (ii) an obligor's failure to meet the terms of any contract with the
Bank or otherwise fail to perform as agreed under the terms of any loan-related document;

· The results of our most recent stress tests not accurately predicting the impact on our financial condition if the economy were to
deteriorate;

· The impact of the Current Expected Credit Loss standard, merger activity, and global events on our allowance for credit losses;

· Risks related to maintaining adequate levels of capital to support our operations and the availability of additional capital when
needed due to our size and continued pace of growth;

· Controls and procedures risk, including the potential failure or circumvention of our controls and procedures or failure to comply
with regulations related to controls and procedures;

· Reputational and operational risks associated with sustainability, stewardship and governance matters, including the impact of state
legislation and inconsistent federal and state regulatory guidance and regulation;

· Risks related to losses arising from errors, omissions or fraudulent behavior by employees, clients, counterparties and third parties;

· Increased risk from the adoption and use of artificial intelligence tools by us and our third party vendors and service providers,
including risk of errors, omissions, unfair treatment or fraudulent behavior by our employees, clients, counterparties or other third
parties;

· Risks related to our reliance on and our ability to retain our culture and attract, retain, develop, and motivate qualified and highly
skilled personnel as we grow and are located in new markets, and being able to offer competitive salaries and benefits, including flexibility
of working remotely or in the office;

· Cybersecurity risk related to the dependence of SouthState on internal computer systems and the technology of outside service providers,
as well as the potential impacts of internal or external security breaches, which may subject the Company to potential business disruptions
or financial losses resulting from deliberate attacks or unintentional events;

· Transaction risk arising from problems with service or product delivery, and strategic risk resulting from adverse business decisions
or improper implementation of business decisions;

· Reputation risk that adversely affects earnings or capital arising from negative public opinion including the effects of social media
on market perceptions of us and banks generally;

· Operational, technological, cultural, regulatory, legal, credit and other risks associated with the exploration, consummation and
integration of potential future acquisitions, whether involving stock or cash consideration;

· Risks related to unexpected outflows of uninsured deposits requiring us to sell investment securities at a loss, price risks focusing
on changes in market factors that may affect the value of traded instruments in "mark-to-market" portfolios, and the loss
of value of our investment portfolio negatively impacting market perceptions of us, possibly resulting in deposit withdrawals;

· Risks relating to consumers opting not to use banks to complete their financial transactions; and

· Reputational risk and possible higher than estimated reduced revenue from previously announced or proposed regulatory changes in the
Bank's consumer programs and products.

<u>Risks relating to the Regulatory Environment</u>

· Risks related to the heightened expectations of regulatory agencies exposing the Company to regulatory enforcement actions and civil
penalties which could have an adverse material impact on the Company's business, financial condition, operations and reputation
and could jeopardize the Company's ability to pursue acquisition opportunities;

· Regulatory change risk resulting from new laws, rules, regulations, accounting principles, proscribed practices or ethical standards,
including, without limitation, the possibility that regulatory agencies may require higher levels of capital above the current regulatory-mandated
minimums, the impact of special FDIC assessments, the effects of Consumer Financial Protection Bureau regulations or other guidance, changes
in policies and standards for regulatory review of bank mergers, challenges to our income tax provision following changes to tax laws,
regulations or interpretations, and the possibility of changes in accounting standards, policies, principles and practices;

v

· Compliance risk involving risk to earnings or capital resulting from violations of or nonconformance with laws, rules, regulations,
prescribed practices, or ethical standards, and contractual obligations regarding data privacy and cybersecurity; and

· Risks relating to the legal, regulatory and supervisory environment, including periodic examination and scrutiny by a number of banking
agencies and any adjustments to our business resulting from such examinations, changes in financial services legislation and capital regulatory
requirements, regulations policies or government officials or other personnel.

<u>Risks relating to our Common Stock</u>

· Risks related to state law and provisions in our articles of incorporation or bylaws that make it more difficult for another company
to purchase us; and

· Risks related to: (i) shares of our Common Stock not being insured deposits and losing value; (ii) future capital needs
resulting in dilution of shareholder investment, (iii) our ability to pay dividends which is subject to legal and regulatory limitations
as well as the discretion of the board of directors of SouthState, SouthState's performance and other factors; (iv) dilution
in our common stock resulting from issuing stock as consideration in a potential merger or acquisition, future capital needs, or increased
trading volume in our common stock in the public market; (v) rights of our holders of our junior subordinated debentures that are
senior to those of our common shareholders; (vi) volatility of our stock price stock that may or may not reflect economic condition
or performance of SouthState; and (vii) our institutional shareholders, exercising significant influence over us and having interests
that differ from our other shareholders.

<u>Risks relating to Economic Conditions and Other Outside Forces</u>

· Geopolitical and economic risks and market volatility associated with the political and economic environment and uncertainty surrounding
the potential legal, regulatory, and policy changes resulting from a new U.S. presidential administration, changes in the fiscal and monetary
policies of the federal government and its agencies, and changes to and instability in global economic conditions and geopolitical matters,
including as a result of possible tariffs or other trade disruptions;

· Risks related to a slowdown in economic growth or a resumption of recessionary economic conditions impacting inflationary pressures
and interest rates to dampen demand could adversely affect consumer confidence, loan payment patterns, and our charge-offs and the provision
for credit losses;

· Volatility in the financial services industry (including failures or rumors of failures of other depository institutions), along with
actions taken by governmental agencies to address such turmoil, could affect the ability of depository institutions, including us, to
attract and retain depositors and to borrow or raise capital;

· The impact of competition with other financial institutions, including deposit and loan pricing pressures and the resulting impact,
including as a result of compression to net interest margin;

· Catastrophic events such as hurricanes, tornados, earthquakes, floods or other natural or human disasters, including public health
crises and infectious disease outbreaks, as well as any government actions in response to such events, and the related disruption to local,
regional and global economic activity and financial markets, and the impact that any of the foregoing may have on SouthState and its customers
and other constituencies; and

· Risks that lawsuits, legal proceedings, information-gathering requests, investigations, and proceedings by governmental and self-regulatory
agencies result in significant civil or criminal penalties, including monetary penalties, damages, adverse judgments, settlements, fines,
injunctions, restrictions on the way the Company and the Bank conduct their business, or reputational harm.

All forward looking statements attributable to our Company are expressly qualified in their entirety by these cautionary statements and we claim the protection of the safe harbor for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 in connection with any such statement. We do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. There is no assurance that future results, levels of activity, performance or goals will be achieved.

vi

For additional information that you should consider carefully in evaluating these forward-looking statements, see the section entitled "Risk Factors" on page 3 of this prospectus as well as the factors set forth under the "Risk Factors" section in any accompanying prospectus supplement and in any other documents incorporated or deemed to be incorporated by reference therein or herein, including [our Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), as such discussion may be amended or updated by other reports filed by us with the SEC.

vii

**SouthState Corporation**

**Overview**

SouthState Corporation is a financial holding company headquartered in Winter Haven, Florida, and was incorporated under the laws of South Carolina in 1985. We provide a wide range of banking services and products to our customers through our Bank. The Bank operates SouthState\|Duncan-Williams Securities Corp. ("SouthState\|Duncan-Williams"), a registered broker-dealer headquartered in Memphis, Tennessee that serves primarily institutional clients across the U.S. in the fixed income business. The Bank also operates SouthState Advisory, Inc., a wholly-owned registered investment advisor, and Private Capital Management, also a wholly-owned registered investment advisor which it acquired through the Independent acquisition completed on January 1, 2025. The Bank, through its Corporate Billing Division, provides factoring, invoicing, collection and accounts receivable management services to transportation companies and automotive parts and service providers nationwide. In 2023, the Bank formed SSB First Street Corporation, an investment subsidiary headquartered in Wilmington, Delaware, to hold tax-exempt municipal investment securities as part of the Bank's investment portfolio. The holding company also owns SSB Insurance Corp., a captive insurance subsidiary pursuant to Section 831(b) of the U.S. Tax Code.

We also operate a correspondent banking and capital markets division within our national bank subsidiary, of which the majority of its bond salesmen, traders and operational personnel are housed in facilities located in Atlanta, Georgia, Memphis, Tennessee, Walnut Creek, California, and Birmingham, Alabama. This division's primary revenue generating activities are related to its capital markets division, which includes commissions earned on fixed income security sales, fees from hedging services, loan brokerage fees and consulting fees for services related to these activities; and its correspondent banking division, which includes spread income earned on correspondent bank deposits (i.e., federal funds purchased) and correspondent bank checking account deposits and fees from safe-keeping activities, bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services.

At March 31, 2025, we had $65.1 billion in assets and 6,405 full-time equivalent employees. Through our Bank branches, ATMs and online banking platforms, we provide our customers with a wide range of financial products and services, through an eight-state footprint in Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina, Texas, and Virginia. These financial products and services include deposit accounts such as checking accounts, savings and time deposits of various types, safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services and alternative investment products such as annuities and mutual funds, trust and asset management services, loans of all types, including business loans, agriculture loans, real estate-secured (mortgage) loans, personal use loans, home improvement loans, automobile loans, manufactured housing loans, boat loans, credit cards, letters of credit, home equity lines of credit, treasury management services, and merchant services.

We have pursued, and continue to pursue, a growth strategy that focuses on organic growth, supplemented by acquisitions of select financial institutions, or branches in certain market areas.

**Recent Events**

***Independent Merger***

On January 1, 2025, the Company acquired Independent, a Texas-based corporation, the bank holding company for Independent Bank, doing business as Independent Financial, in an all-stock transaction. Pursuant to the Agreement and Plan of Merger dated May 17, 2024, shareholders of Independent received 0.60 shares of the Company's common stock in exchange for each share of Independent stock resulting in the Company issuing 24,858,731 shares of its common stock. In total, the purchase price for Independent was $2.5 billion.

***Change in Domicile***

Our Board of Directors and our shareholders have approved to change the Company's domicile from the State of South Carolina to the State of Florida (the "Re-domiciliation") pursuant to the terms of that certain Agreement and Plan of Merger (the "Domicile Merger Agreement"). We will effect the Re-domiciliation by forming a new, wholly owned subsidiary of the Company under the laws of the State of Florida ("SouthState-FL") and then merging the Company with and into SouthState-FL, with SouthState-FL surviving the merger (the "Domicile Merger") as provided in the South Carolina Business Corporation Act and the Florida Business Corporation Act, pursuant to the terms of the Domicile Merger Agreement. Approval of the Domicile Merger also constituted approval of the Domicile Merger Agreement. The Re-domiciliation will not result in a material change in our business, management, assets, liabilities, or net worth. The Domicile Merger will become effective upon the filing of the requisite merger documents in South Carolina and Florida, which is expected to occur in the third quarter of 2025. Our Board of Directors, however, may determine to abandon the Domicile Merger even after approval by our shareholders.

**Corporate Information**

Our principal executive offices are located at 1101 First Street South, Suite 202, Winter Haven, Florida 33880. Our telephone number is (863) 293-4710 and our website is www.SouthStateBank.com. The information on our website is not part of this prospectus.

**Risk Factors**

Investing in our securities involves risk. Before investing in our securities, you should carefully consider all of the information contained or incorporated by reference in this prospectus, the applicable prospectus supplement and the documents incorporated by reference herein and therein as set out in the section entitled "Where You Can Find More Information," including, in particular, the matters, risks, uncertainties and assumptions described under the caption "Risk Factors" included herein and therein. For information regarding documents incorporated by reference in this prospectus and any prospectus supplement, see "Where You Can Find More Information."

**Use of Proceeds**

We intend to use the net proceeds from the sales of the securities that may be offered under this prospectus as set forth in the applicable prospectus supplement, which may include general corporate purposes.

**Plan of Distribution**

We may sell securities offered under this prospectus:

&nbsp;&nbsp;&nbsp;&nbsp;· through underwriters or dealers;

&nbsp;&nbsp;&nbsp;&nbsp;· through agents; or

&nbsp;&nbsp;&nbsp;&nbsp;· directly to one or more purchasers.

The distribution of the securities may be effected from time to time in one or more transactions at a fixed price or prices, which may be changed from time to time, or at negotiated prices.

For each type and series of securities offered, the applicable prospectus supplement will set forth the terms of the offering, including, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;· the initial public offering price;

&nbsp;&nbsp;&nbsp;&nbsp;· the names of any underwriters, dealers or agents;

&nbsp;&nbsp;&nbsp;&nbsp;· the purchase price of the securities;

&nbsp;&nbsp;&nbsp;&nbsp;· the use of proceeds from the sale of the securities to us;

&nbsp;&nbsp;&nbsp;&nbsp;· any underwriting discounts, agency fees, or other compensation payable to underwriters or agents;

&nbsp;&nbsp;&nbsp;&nbsp;· any discounts or concessions allowed or re-allowed or repaid to dealers; and

&nbsp;&nbsp;&nbsp;&nbsp;· the securities exchanges on which the securities will be listed, if any.

If we use underwriters in any sale of securities offered under this prospectus, the underwriters will buy the securities for their own account. The underwriters may then resell the securities in one or more transactions at a fixed public offering price or at varying prices determined at the time of sale or thereafter. The obligations of the underwriters to purchase the securities will be subject to certain conditions. The underwriters will be obligated to purchase all the securities offered if they purchase any securities. The initial public offering price and any discounts or concessions allowed or re-allowed or paid to dealers may be changed from time to time. In connection with an offering, underwriters and their affiliates may engage in transactions to stabilize, maintain or otherwise affect the market price of the securities in accordance with applicable law.

Underwriters or agents may make sales in privately negotiated transactions and/or any other method permitted by law, including sales deemed to be an "at-the-market" offering as defined in Rule 415 promulgated under the Securities Act, which includes sales made directly on or through the New York Stock Exchange, the existing trading market for our common stock, or sales made to or through a market maker other than on an exchange.

If we use dealers in any sale of securities offered under this prospectus, the securities will be sold to such dealers as principals. The dealers may then resell the securities to the public at varying prices to be determined by such dealers at the time of resale. If agents are used in any sale of securities offered under this prospectus, they will use their reasonable best efforts to solicit purchases for the period of their appointment. If securities offered under this prospectus are sold directly, no underwriters, dealers or agents would be involved. We are not making an offer of securities in any state that does not permit such an offer.

Underwriters, dealers and agents that participate in any distribution of securities may be deemed to be underwriters as defined in the Securities Act. Any discounts, commissions or profit they receive when they resell the securities may be treated as underwriting discounts and commissions under the Securities Act. We expect that any agreements we may have with underwriters, dealers and agents will include provisions indemnifying them against certain civil liabilities, including certain liabilities under the Securities Act, or providing for contribution with respect to payments that they may be required to make.

We may authorize underwriters, dealers or agents to solicit offers from certain institutions whereby the institution contractually agrees to purchase the securities offered under this prospectus from us on a future date at a specific price. This type of contract may be made only with institutions that we specifically approve. Such institutions could include banks, insurance companies, pension funds, investment companies and educational and charitable institutions. The underwriters, dealers or agents will not be responsible for the validity or performance of these contracts.

Sales of securities offered under this prospectus also may be effected by us from time to time in one or more types of transactions (which may include block transactions, special offerings, exchange distributions, secondary distributions or purchases by a broker or dealer) on the New York Stock Exchange or any other national securities exchange or automated trading and quotation system on which our common stock or other securities are listed, in the over-the-counter market, in transactions otherwise than on such exchanges and systems or the over-the-counter market, including negotiated transactions, through options transactions relating to the shares, or a combination of such methods of sale, at market prices prevailing at the time of sale, at negotiated prices or at fixed prices. Such transactions may or may not involve brokers or dealers. Any shares of our common stock offered under this prospectus will be listed on the New York Stock Exchange, subject to official notice of issuance.

Each issue of a new series of preferred stock, depositary shares, warrants, stock purchase contracts, units or debt securities will be a new issue of securities with no established trading market, except as indicated in the applicable prospectus supplement. It has not been established whether the underwriters, if any, of the securities offered under this prospectus will make a market in these securities. If a market in any series of preferred stock, depositary shares, warrants, stock purchase contracts, units or debt securities is made by any such underwriters, such market-making may be discontinued at any time without notice. We can give no assurance as to the liquidity of the trading market of these securities.

In order to facilitate the offering of any of the securities offered under this prospectus, the underwriters with respect to any such offering may, as described in the prospectus supplement, engage in transactions that stabilize, maintain or otherwise affect the price of the securities or any other securities the prices of which may be used to determine payments on these securities. Specifically, the underwriters may over-allot in connection with the offering, creating a short position in these securities for their own accounts. In addition, to cover over-allotments or to stabilize the price of these securities or of any other securities, the underwriters may bid for, and purchase, these securities or any other securities in the open market. Finally, in any offering of the securities offered under this prospectus through a syndicate of underwriters, the underwriting syndicate may reclaim selling concessions allowed to an underwriter or a dealer for distributing these securities in the offering, if the syndicate repurchases previously distributed securities in transactions to cover syndicate short positions, in stabilization transactions or otherwise. Any of these activities may stabilize or maintain the market price of these securities above independent market levels. The underwriters are not required to engage in these activities and may end any of these activities at any time, all as described in the prospectus supplement.

If so indicated in the applicable prospectus supplement, one or more firms, which we refer to as "remarketing firms," acting as principals for their own accounts or as agents for us, may offer and sell the securities offered under this prospectus as part of a remarketing upon their purchase, in accordance with their terms. We will identify any remarketing firm, the terms of its agreement, if any, with us and its compensation in the applicable prospectus supplement.

Remarketing firms, agents, underwriters and dealers may be entitled under agreements with us to indemnification by or contribution from us against some civil liabilities, including liabilities under the Securities Act, and may be customers of, engage in transactions with or perform services for us in the ordinary course of business.

Any person participating in the distribution of securities will be subject to applicable provisions of the Exchange Act and the rules and regulations under the Exchange Act, including without limitation Regulation M, which may limit the timing of transactions involving the securities offered under this prospectus. Furthermore, Regulation M may restrict the ability of any person engaged in the distribution of such securities to engage in market-making activities with respect to the particular securities being distributed. All of the above may affect the marketability of the securities offered under this prospectus and the ability of any person or entity to engage in market-making activities with respect to such securities.

Under the securities law of various states, the securities offered under this prospectus may be sold in those states only through registered or licensed brokers or dealers. In addition, in various states the securities offered under this prospectus may not be offered and sold unless such securities have been registered or qualified for sale in the state or an exemption from such registration or qualification is available and is complied with.

**Description of Capital Stock**

**General**

We have 160,000,000 shares of authorized common stock, $2.50 par value per share, and 10,000,000 shares of authorized preferred stock, par value $0.01 per share. As of March 31, 2025, we had 101,479,065 shares of common stock issued and outstanding and we had no shares of preferred stock issued and outstanding.

This summary does not purport to be complete and is subject to and is qualified in its entirety by reference to our amended and restated articles of incorporation, as amended ("Articles of Incorporation") and our amended and restated bylaws ("Bylaws"), each of which is filed with this prospectus. We encourage you to read our Articles of Incorporation and our Bylaws, which are incorporated herein by reference, and the applicable provisions of the South Carolina Business Corporation Act.

Pursuant to the provisions of the South Carolina Business Corporation Act, any outstanding shares of capital stock of the Company reacquired by it would be considered authorized but unissued shares. The authorized but unissued shares of our common stock and preferred stock are available for general purposes, including, but not limited to, the possible issuance as stock dividends, use in connection with mergers or acquisitions, cash dividend reinvestments, stock purchase plans, public or private offerings, or our equity compensation plans. Except as may be required to approve a merger or other transaction in which additional authorized shares of common stock would be issued, no shareholder approval will be required for the issuance of those shares.

**Common Stock**

***General***

Each share of common stock has the same relative rights as, and is identical in all respects to, each other share of common stock. All outstanding shares of our common stock are validly issued, fully paid and non-assessable. Our common stock is currently listed for trading on the New York Stock Exchange under the symbol "SSB."

***Voting Rights***

Each outstanding share of our common stock entitles the holder to one vote on all matters submitted to a vote of common shareholders, including the election of directors. The holders of our common stock possess exclusive voting power, except as otherwise provided by law or by articles of amendment establishing any series of preferred stock.

There is no cumulative voting in the election of directors. The holders of a plurality of the votes cast by our common shareholders at a meeting in which a quorum is present can elect all of the directors then standing for election.

When a quorum is present at any meeting, matters other than the election of directors will generally be approved if the votes cast in favor of the matter exceed the votes against the matter, except with respect to matters requiring the vote of a greater number of affirmative votes under applicable South Carolina law or our Articles of Incorporation.

Our Articles of Incorporation, Bylaws and the South Carolina Business Corporation Act provide certain provisions that may limit shareholders' ability to effect a change in control as described under the section below entitled "Anti-Takeover Effects of Certain Articles of Incorporation and Bylaws Provisions."

***Dividends, Liquidation and Other Rights***

Holders of shares of common stock are entitled to receive dividends if, as and when declared by our board of directors, subject to compliance with limitations imposed by law, from funds legally available for the payment of dividends. If we issue preferred stock, the holders of such preferred stock may have a priority over the holders of the common stock with respect to dividends in the event of our liquidation or dissolution.

Our common shareholders are entitled to share ratably in our assets legally available for distribution to our shareholders in the event of our liquidation, dissolution or winding up, voluntarily or involuntarily, after payment of, or adequate provision for, all of our known debts and liabilities. These rights are subject to the preferential rights of any series of our preferred stock that may then be outstanding.

Holders of shares of our common stock have no preference, conversion, exchange, sinking fund or redemption rights and have no preemptive rights to subscribe for any of our securities. Our board of directors may issue additional shares of our common stock or rights to purchase shares of our common stock without the approval of our shareholders.

***Transfer Agent and Registrar***

Subject to compliance with applicable federal and state securities laws, our common stock may be transferred without any restrictions or limitations. The transfer agent and registrar for our common stock is Computershare, Inc.

**Preferred Stock**

Our board of directors, without shareholder approval, is empowered to authorize the issuance, in one or more series, of shares of preferred stock at such times, for such purposes and for such consideration as it may deem advisable. Our board of directors is also authorized to fix, before the issuance thereof, the designation, voting, conversion, preference and other relative rights, qualifications and limitations of any such series of preferred stock. Accordingly, our board of directors, without shareholder approval, may authorize the issuance of one or more series of preferred stock with voting and conversion rights which could adversely affect the voting power of the holders of common stock and, under certain circumstances, discourage an attempt by others to gain control of the Company.

The creation and issuance of any additional series of preferred stock, and the relative rights, designations and preferences of such series, if and when established, will depend on, among other things, our future capital needs, then existing market conditions and other factors that, in the judgment of our board of directors, might warrant the issuance of preferred stock.

No shares of preferred stock are issued and outstanding as of March 31, 2025.

**Anti-Takeover Effects of Certain Articles of Incorporation and Bylaws Provisions**

Our Articles of Incorporation and Bylaws, in addition to the South Carolina Business Corporation Act, contain certain provisions that could make it more difficult to acquire control of us by means of a tender offer, open market purchase, a proxy fight or otherwise. Several of these provisions are designed to encourage persons seeking to acquire control of us to negotiate with our board of directors. We believe that, as a general rule, the interests of our shareholders would be best served if any change in control results from negotiations with our board of directors.

The following description of certain provisions of our Articles of Incorporation and Bylaws that may have anti-takeover effects is a summary only and is subject to, and is qualified by reference to, applicable provisions of our Articles of Incorporation and our Bylaws as well as applicable provisions of the South Carolina Business Corporation Act.

***Supermajority Vote Required for Removal of Directors***

Our Articles of Incorporation provide that a director may be removed with or without cause by the affirmative vote of the holders of at least 80% of our outstanding common shares.

***Factors to be Considered in Certain Transactions***

Our Articles of Incorporation provide that, when evaluating any proposed plan of merger, consolidation, exchange or sale of all, or substantially all, of our assets, the board of directors shall consider the interests of our employees and the community or communities in which we and our subsidiaries do business in addition to the interest of our shareholders.

***Supermajority Vote Required if the Board Does not Recommend in Favor of Certain Transactions***

Our Articles of Incorporation provide that a merger, exchange or consolidation of the Company with, or the sale, exchange or lease of all or substantially all of our assets to, any person or entity (referred to herein as a "Fundamental Change"), must be approved by the holders of at least 80% of our outstanding voting common stock if the board of directors does not recommend a vote in favor of the Fundamental Change. In addition, the Articles of Incorporation further provide that a Fundamental Change involving a shareholder that owns or controls 20% or more of our common shares at the time of the proposed transaction (a "Controlling Party") must be approved by the holders of at least (i) 80% of our outstanding common shares, and (ii) 67% of our outstanding common shares held by shareholders other than the Controlling Party, unless (x) the transaction has been recommended to the shareholders by a majority of the entire board of directors or (y) the consideration per share to be received by our shareholders generally is not less than the highest price per share paid by the Controlling Party in the acquisition of its holdings of our common stock during the preceding three years (which we sometimes refer to as the "fair price" provision). The approval by the holders of at least 80% of our outstanding common shares is required to amend or repeal these provisions contained in our Articles of Incorporation. If the 80% and 67% vote requirements described above do not apply because the board of directors recommends the transaction or the consideration satisfies the fair price provision, as applicable, then pursuant to the provisions of the South Carolina Business Corporation Act, the Fundamental Change generally must be approved by two-thirds of the votes entitled to be cast with respect thereto. A special or annual shareholders meeting called to consider a vote in favor of a merger or consolidation of the Company with, or a sale, exchange or lease of substantially all of the assets of the Company to, any person or entity, which is not recommended by our board of directors, must have in attendance in person or by proxy holders of 80% of the common shares outstanding and entitled to vote for a quorum for the conduct of business to exist.

***Supermajority Vote Required for Certain Amendments to the Articles of Incorporation***

Our Articles of Incorporation include a requirement that a change to our Articles of Incorporation relating to the structure of our board of directors or to certain other specified provisions that could have anti-takeover effects (including provisions relating to issuing our capital stock; the approval of certain business combinations not approved by our board of directors; and amendments to our Bylaws by shareholders) must be approved by the affirmative vote of holders of 80% of the common shares outstanding and entitled to vote.

***Amendments to Bylaws by the Board of Directors or a Supermajority of Shareholders***

Our Bylaws may be amended either by a majority of the entire board of directors of the Company or by a vote of the holders of at least 80% of our outstanding common shares entitled to vote.

***Action by Written Consent of the Shareholders Would Require Unanimous Consent***

Under our Bylaws, the Company's shareholders may act without a shareholder meeting by written consent. However, under the South Carolina Business Corporation Act, such a written consent must set forth the action so taken and be signed by the holders of all our outstanding shares entitled to vote upon such action or their attorneys-in-fact or proxy holders.

***Limitation of Personal Liability of Officers and Directors***

Our Articles of Incorporation provide for the elimination or limitation of director liability for monetary damages to the maximum extent allowed by South Carolina law.

***Indemnification of Directors and Officers and Insurance***

Our Bylaws provide for the indemnification of any current and former directors to the fullest extent authorized by law. We may advance reasonable expenses to directors, provided that if required by law, such advancement of expenses shall only be made if the director seeking such advancement provides us with a written affirmation of his or her good faith belief that he or she met the standard of conduct required by law and a written undertaking to repay the advance if it is ultimately determined that he or she did not meet that standard of conduct. Our Bylaws further provide that we may, to the extent authorized from time to time by our board of directors, grant rights of indemnification and the advancement of expenses to any officer, employee or agent of the Company consistent with the other provisions of our Bylaws concerning the indemnification and advancement of expenses to our directors.

Our Bylaws provide that we may maintain insurance, at our expense, to protect us and any director, officer, employee or agent of ours or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not we would have the power to indemnify such person against such expense, liability or loss under applicable law.

***Authorized but Unissued Preferred Stock***

The authorization of the preferred stock could have the effect of making it more difficult or time-consuming for a third party to acquire a majority of our outstanding voting stock or otherwise effect a change in control. Shares of the preferred stock may also be sold to third parties that indicate that they would support the board of directors in opposing a hostile takeover bid. The availability of the preferred stock could have the effect of delaying a change in control and of increasing the consideration ultimately paid to our shareholders. Our board of directors may authorize the issuance of preferred stock for capital-raising activities, acquisitions, joint ventures or other corporate purposes that have the effect of making an acquisition of the Company more difficult or costly, as could also be the case if our board of directors were to issue additional common stock for such purposes.

***Business Combinations with Interested Shareholders***

The South Carolina business combinations statute provides that a 10% or greater shareholder of a resident domestic corporation cannot engage in a "business combination" (as defined in the statute) with such corporation for a period of two years following the date on which the 10% shareholder became such, unless the business combination or the acquisition of shares is approved by a majority of the disinterested members of such corporation's board of directors before the 10% shareholder's share acquisition date. This statute further provides that at no time (even after the two-year period subsequent to such share acquisition date) may the 10% shareholder engage in a business combination with the relevant corporation unless certain approvals of the board of directors or disinterested shareholders are obtained or unless the consideration given in the combination meets certain minimum standards set forth in the statute. The law is very broad in its scope and is designed to inhibit unfriendly acquisitions, but it does not apply to corporations whose Articles of Incorporation contain a provision electing not to be covered by the law. Our Articles of Incorporation do not contain such an opt-out provision, though our Articles of Incorporation could be amended to include such an opt-out provision.

***Advance Notice Requirements for Shareholder Proposals and Director Nominations***

Our Bylaws establish advance notice procedures with regard to shareholder proposals. Our Bylaws generally provide that, in connection with an annual meeting of shareholders, a shareholder generally must submit notice of such shareholder's proposal or director nominations not earlier than 120 days and not later than 90 days prior to the first anniversary of the preceding year's annual meeting. In connection with any such notice, a shareholder must provide certain information, including: (i) the shareholder's name and address; (ii) information about the shareholder's stock ownership in the Company and certain interests and relationships; (iii) a description of the business the shareholder desires to bring before the meeting if the notice relates to business other than the nomination of directors; and (iv) information with respect to the proposed director nominees if the business relates to the nomination of directors. We may reject a shareholder proposal that is not made in accordance with the procedures set forth in our Bylaws. These provisions could reduce the likelihood that a third party would nominate and elect individuals to serve on our board of directors or propose other business to be brought before an annual meeting.

***Exclusive Forum Provision***

Our Bylaws contain an exclusive forum provision. Under such provision, unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director or officer or other employee of the Company to the Company or its shareholders, (iii) any action asserting a claim against the Company or any director or officer or other employee of the Company arising pursuant to any provision of the South Carolina Business Corporation Act or our Articles of Incorporation or Bylaws (as either may be amended from time to time), or (iv) any action asserting a claim against the Company or any director or officer or other employee of the Company governed by the internal affairs doctrine shall be a state court located within the State of South Carolina (or, if no state court located within the State of South Carolina has jurisdiction, the federal district court for the District of South Carolina). This exclusive forum bylaw is intended to assist us in avoiding costly and unnecessary sometimes lawyer-driven litigation, where multiple lawsuits are being filed in multiple jurisdictions regarding the same matter. By limiting the ability of third parties and our shareholders to file lawsuits relating to intracorporate disputes in the forum of their choosing, this exclusive forum bylaw could increase the costs to a plaintiff of bringing such a lawsuit and could have the effect of deterring such lawsuits, which could include potential takeover-related lawsuits.

**Restrictions on Ownership**

The federal Bank Holding Company Act requires any "bank holding company," as defined in the Bank Holding Company Act, to obtain prior Federal Reserve approval for, among other things, the acquisition by a bank holding company of direct or indirect ownership or control of more than 5% of the voting shares or substantially all the assets of any bank, or for a merger or consolidation of a bank holding company with another bank holding company. The federal Change in Bank Control Act also requires notice to the regulatory agencies when a person or a company (other than a bank holding company) acquires 10% or more of any class of voting securities of us. Any company that directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25% or more of our common stock, that controls in any manner the election of a majority of our directors, or that otherwise exercises a "controlling influence" over us, is subject to regulation as a bank holding company under the federal Bank Holding Company Act.

**Description of Depositary Shares**

The following briefly summarizes the general provisions of the depositary shares representing a fraction of a share of preferred stock of a specific series, or "depositary shares," and depositary receipts (as defined below) that we may issue from time to time and which would be important to holders of depositary receipts. The specific terms of any depositary shares or depositary receipts, including pricing and related terms, will be disclosed in the applicable prospectus supplement. The prospectus supplement will also state whether any of the general provisions summarized below apply or not to the depositary shares or depositary receipts being offered. The following description and any description in a prospectus supplement is a summary only and is subject to, and qualified in its entirety by reference to, the terms and provisions of the deposit agreement(s), which we will file with the SEC in connection with an issuance of depositary shares.

**Description of Depositary Shares**

We may offer depositary shares evidenced by receipts for such depositary shares, which we sometimes refer to as "depositary receipts." Each depositary receipt represents a fraction of a share of the particular series of preferred stock issued and deposited with a depositary. The fraction of a share of preferred stock which each depositary share represents will be set forth in the applicable prospectus supplement.

We will deposit the shares of any series of preferred stock represented by depositary shares according to the provisions of a deposit agreement to be entered into between us and a bank or trust company, which we will select as our preferred stock depositary, and which may be the same institution that serves as an indenture trustee. The depositary must have its principal office in the United States and have combined capital and surplus of at least $50,000,000. We will name the depositary in the applicable prospectus supplement. Each owner of a depositary share will be entitled to all the rights and preferences of the underlying preferred stock in proportion to the applicable fraction of a share of preferred stock represented by the depositary share. These rights include dividend, voting, redemption, conversion and liquidation rights. The depositary will send the holders of depositary shares all reports and communications that we deliver to the depositary and which we are required to furnish to the holders of depositary shares. We may issue depositary receipts in temporary, definitive or book-entry form.

**Withdrawal of Preferred Stock**

A holder of depositary shares may receive the number of whole shares of the series of preferred stock and any money or other property represented by the holder's depositary receipts after surrendering the depositary receipts at the corporate trust office of the depositary. Partial shares of preferred stock will not be issued. If the surrendered depositary shares exceed the number of depositary shares that represent the number of whole shares of preferred stock the holder wishes to withdraw, then the depositary will deliver to the holder at the same time a new depositary receipt evidencing the excess number of depositary shares. Once the holder has withdrawn the preferred stock, the holder will not be entitled to re-deposit such preferred stock under the deposit agreement or to receive depositary shares in exchange for such preferred stock.

**Dividends and Other Distributions**

Holders of depositary shares of any series will receive their pro rata share of cash dividends or other cash distributions received by the depositary on the preferred stock of that series held by it. Each holder will receive these distributions in proportion to the number of depositary shares owned by the holder. The depositary will distribute only whole United States dollars and cents. The depositary will add any fractional cents not distributed to the next sum received for distribution to record holders of depositary shares. In the event of a non-cash distribution, the depositary will distribute property to the record holders of depositary shares, unless the depositary determines that it is not feasible to make such a distribution. If this occurs, the depositary, with our approval, may sell the property and distribute the net proceeds from the sale to the holders.

**Redemption of Depositary Shares**

If a series of preferred stock represented by depositary shares is subject to redemption, then we will give the necessary proceeds to the depositary. The depositary will then redeem the depositary shares using the funds it received from us for the preferred stock. The depositary will notify the record holders of the depositary shares to be redeemed not less than 30 days nor more than 60 days before the date fixed for redemption at the holders' addresses appearing in the depositary's books. The redemption price per depositary share will be equal to the redemption price payable per share for the applicable series of the preferred stock and any other amounts per share payable with respect to that series of preferred stock multiplied by the fraction of a share of preferred stock represented by one depositary share. Whenever we redeem shares of a series of preferred stock held by the depositary, the depositary will redeem the depositary shares representing the shares of preferred stock on the same day. If fewer than all the depositary shares of a series are to be redeemed, the depositary shares will be selected by lot, ratably or by such other equitable method as we and the depositary may determine.

Upon and after the redemption of shares of the underlying series of preferred stock, the depositary shares called for redemption will no longer be considered outstanding. Therefore, all rights of holders of the depositary shares will then cease, except that the holders will still be entitled to receive any cash payable upon the redemption and any money or other property to which the holder was entitled at the time of redemption.

**Voting Rights**

Upon receipt of notice of any meeting at which the holders of preferred stock of the related series are entitled to vote, the depositary will notify holders of depositary shares of the upcoming vote and arrange to deliver our voting materials to the holders. The record date for determining holders of depositary shares that are entitled to vote will be the same as the record date for the related series of preferred stock. The materials the holders will receive will (1) describe the matters to be voted on and (2) explain how the holders, on a certain date, may instruct the depositary to vote the shares of preferred stock underlying the depositary shares. For instructions to be valid, the depositary must receive them on or before the date specified. The depositary will try, as far as practical, to vote the shares as instructed by the holder. We will cooperate with the depositary to enable it to vote as instructed by holders of depositary shares. If any holder does not instruct the depositary how to vote the holder's shares, the depositary will abstain from voting those shares.

**Conversion or Exchange**

The depositary will convert or exchange all depositary shares on the same day that the preferred stock underlying the depositary shares is converted or exchanged. In order for the depositary to do so, we will deposit with the depositary any other preferred stock, common stock or other securities into which the preferred stock is to be converted or for which it will be exchanged.

The exchange or conversion rate per depositary share will be equal to the exchange or conversion rate per share of preferred stock, multiplied by the fraction of a share of preferred stock represented by one depositary share. All amounts per depositary share payable by us for dividends that have accrued on the preferred stock to the exchange or conversion date that have not yet been paid shall be paid in appropriate amounts on the depositary shares.

The depositary shares, as such, cannot be converted or exchanged into other preferred stock, common stock, securities of another issuer or any other of our securities or property. Nevertheless, if so specified in the applicable prospectus supplement, a holder of depositary shares may be able to surrender the depositary receipts to the depositary with written instructions asking the depositary to instruct us to convert or exchange the preferred stock represented by the depositary shares into other shares of preferred stock or common stock or to exchange the preferred stock for securities of another issuer. If the depositary shares carry this right, we would agree that, upon the payment of applicable fees and taxes, if any, we will cause the conversion or exchange of the preferred stock using the same procedures as we use for the delivery of preferred stock. If a holder is only converting part of the depositary shares represented by a depositary receipt, new depositary receipts will be issued for any depositary shares that are not converted or exchanged.

**Amendment and Termination of the Deposit Agreement**

We may agree with the depositary to amend the deposit agreement and the form of depositary receipt without consent of the holder at any time. However, if the amendment adds or increases fees or charges payable by holders of the depositary shares or prejudices an important right of holders, it will only become effective with the approval of holders of at least a majority of the affected depositary shares then outstanding. If an amendment becomes effective, holders are deemed to agree to the amendment and to be bound by the amended deposit agreement if they continue to hold their depositary receipts.

The deposit agreement will automatically terminate if:

&nbsp;&nbsp;&nbsp;&nbsp;· all outstanding depositary shares have been redeemed and all amounts payable upon redemption have been paid;

&nbsp;&nbsp;&nbsp;&nbsp;· each share of preferred stock held by the depositary has been converted into or exchanged for common stock, other preferred stock
or other securities; or

&nbsp;&nbsp;&nbsp;&nbsp;· a final distribution in respect of the preferred stock held by the depositary has been made to the holders of depositary receipts
in connection with our liquidation, dissolution or winding-up.

We may also terminate the deposit agreement at any time. Upon such event, the depositary will give notice of termination to the holders not less than 30 days before the termination date. Once depositary receipts are surrendered to the depositary, it will send to each holder the number of whole and fractional shares of the series of preferred stock underlying that holder's depositary receipts, provided that at our election we may pay cash in lieu of fractional shares of preferred stock that may be issuable.

**Charges of Depositary and Expenses**

We will pay all transfer and other taxes and governmental charges in connection with the establishment of the depositary arrangements. We will pay all charges and fees of the depositary for the initial deposit of the preferred stock, the depositary's services and redemption of the preferred stock. Holders of depositary shares will pay transfer and other taxes and governmental charges and the charges that are provided in the deposit agreement to be for the holder's account.

**Description of Warrants**

**General**

We may issue warrants in one or more series to purchase common stock, preferred stock, depositary shares or any combination of these securities. Warrants may be issued independently or together with any underlying securities and may be attached to or separate from the underlying securities. We will issue each series of warrants under a separate warrant agreement to be entered into between us and a warrant agent. The warrant agent will act solely as our agent in connection with the warrants of such series and will not assume any obligation or relationship of agency for or on behalf of holders or beneficial owners of warrants. The following outlines some of the general terms and provisions of the warrants. Further terms of the warrants and the applicable warrant agreement will be stated in the applicable prospectus supplement. The following description and any description of the warrants in a prospectus supplement are not complete and are subject to and qualified in its entirety by reference to the terms and provisions of the warrant agreement, which we will file with the SEC in connection with an issuance of any warrants.

The applicable prospectus supplement will describe the terms of any warrants, including the following, as may be applicable:

&nbsp;&nbsp;&nbsp;&nbsp;· the title of the warrants;

&nbsp;&nbsp;&nbsp;&nbsp;· the total number of warrants to be issued;

&nbsp;&nbsp;&nbsp;&nbsp;· the consideration for which we will issue the warrants, including the applicable currency or currencies;

&nbsp;&nbsp;&nbsp;&nbsp;· anti-dilution provisions to adjust the number of shares of our common stock or other securities to be delivered upon exercise of the
warrants;

&nbsp;&nbsp;&nbsp;&nbsp;· the designation and terms of the underlying securities purchasable upon exercise of the warrants;

&nbsp;&nbsp;&nbsp;&nbsp;· the price at which and the currency or currencies in which investors may purchase the underlying securities purchasable upon exercise
of the warrants;

&nbsp;&nbsp;&nbsp;&nbsp;· the dates on which the right to exercise the warrants will commence and expire;

&nbsp;&nbsp;&nbsp;&nbsp;· the procedures and conditions relating to the exercise of the warrants;

&nbsp;&nbsp;&nbsp;&nbsp;· whether the warrants will be in registered or bearer form;

&nbsp;&nbsp;&nbsp;&nbsp;· information with respect to book-entry registration and transfer procedures, if any;

&nbsp;&nbsp;&nbsp;&nbsp;· the minimum or maximum amount of warrants which may be exercised at any one time;

&nbsp;&nbsp;&nbsp;&nbsp;· the designation and terms of the underlying securities with which the warrants are issued and the number of warrants issued with each
underlying security;

&nbsp;&nbsp;&nbsp;&nbsp;· the date on and after which the warrants and securities issued with the warrants will be separately transferable;

&nbsp;&nbsp;&nbsp;&nbsp;· a discussion of material United States federal income tax considerations;

&nbsp;&nbsp;&nbsp;&nbsp;· the identity of the warrant agent; and

&nbsp;&nbsp;&nbsp;&nbsp;· any other terms of the warrants, including terms, procedures and limitations relating to the exchange, transfer and exercise of the
warrants.

Warrant certificates may be exchanged for new warrant certificates of different denominations, and warrants may be exercised at the warrant agent's corporate trust office or any other office indicated in the applicable prospectus supplement. Prior to the exercise of their warrants, holders of warrants exercisable for shares of common stock, preferred stock or depositary shares will not have any rights of holders of the common stock, preferred stock or depositary shares purchasable upon such exercise, including any rights to vote such shares or to receive any distributions or dividends thereon.

**Exercise of Warrants**

A warrant will entitle the holder to purchase for cash an amount of securities at an exercise price that will be stated in, or that will be determinable as described in, the applicable prospectus supplement. Warrants may be exercised at any time prior to the close of business on the expiration date and in accordance with the procedures set forth in the applicable prospectus supplement. Upon and after the close of business on the expiration date, unexercised warrants will be void and have no further force, effect or value.

**Enforceability of Rights; Governing Law**

The holders of warrants, without the consent of the warrant agent, may, on their own behalf and for their own benefit, enforce, and may institute and maintain any suit, action or proceeding against us to enforce their rights to exercise and receive the securities purchasable upon exercise of their warrants. Unless otherwise stated in the applicable prospectus supplement, each issue of warrants and the applicable warrant agreement will be governed by the laws of the State of Florida.

**Description of Stock Purchase Contracts**

We may issue stock purchase contracts, including contracts obligating holders to purchase from us, and obligating us to sell to holders, a fixed or varying number of shares of common stock or preferred stock at a future date or dates. The consideration per share of common stock or preferred stock may be fixed at the time that stock purchase contracts are issued or may be determined by reference to a specific formula set forth in the stock purchase contracts. Any stock purchase contract may include anti-dilution provisions to adjust the number of shares issuable pursuant to such stock purchase contract upon the occurrence of certain events.

The stock purchase contracts may be issued separately or as a part of units consisting of a stock purchase contract and preferred securities. These contracts, and the holders' obligations to purchase shares of our common stock or preferred stock under the stock purchase contracts, may be secured by cash, certificates of deposit, U.S. government securities that will mature prior to or simultaneously with the maturity of the equity contract, standby letters of credit from an affiliated U.S. bank that is FDIC-insured or other collateral satisfactory to the Federal Reserve. The stock purchase contracts may require us to make periodic payments to holders of the stock purchase units, or vice versa, and such payments may be unsecured or prefunded and may be paid on a current or on a deferred basis.

Any one or more of the above securities, common stock or the stock purchase contracts or other collateral may be pledged as security for the holders' obligations to purchase or sell, as the case may be, the common stock or preferred stock under the stock purchase contracts.

**Description of Units**

We may offer two or more of the securities described in this prospectus in the form of a "unit", including pursuant to a unit agreement. The unit may be transferable only as a whole, or the securities comprising a unit may, as described in the prospectus supplement, be separated and transferred by the holder separately. There may or may not be an active market for units or the underlying securities, and not all the securities comprising a unit may be listed or traded on a securities exchange or market.

**Description of Debt Securities**

The debt securities will constitute either senior or subordinated debt of SouthState. The debt securities that are sold may be exchangeable for and/or convertible into common shares or any of the other securities that may be sold under this prospectus. The debt securities will be issued under one or more separate indentures between us and a designated trustee. We will include in the prospectus supplement relating to any series of senior or subordinated debt securities being offered the specific terms of such series, including the terms, if any, on which a series of senior or subordinated debt securities may be convertible into or exchangeable for other securities. In addition, the material terms of any indenture, which will govern the rights of the holders of our senior or subordinated debt securities will be set forth in the applicable prospectus supplement.

**Validity of Securities**

Unless otherwise indicated in the applicable prospectus supplement, as to matters governed by South Carolina law, V. Nicole Comer, Senior Vice President and Deputy General Counsel, and as to matters governed by New York law, Davis Polk & Wardwell LLP, will pass upon the validity of the securities on our behalf. As of June 10, 2025, Ms. Comer beneficially owned shares of SouthState common stock representing less than 1% of the total outstanding shares of SouthState common stock. Certain legal matters will be passed upon for any underwriters by the counsel to such underwriters specified in the applicable prospectus supplement.

**Experts**

The consolidated financial statements of SouthState Corporation as of December 31, 2024 and 2023, and for each of the years in the two-year period ended December 31, 2024, appearing in SouthState Corporation's[Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm) and the effectiveness of SouthState Corporation's internal control over financial reporting as of December 31, 2024 have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.

The consolidated financial statements of SouthState Corporation for the year ended December 31, 2022 appearing in SouthState Corporation's [Annual Report on Form 10-K for the year ended December 31, 2024](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025001274/ssb-20241231x10k.htm), have been audited by Forvis Mazars, LLP, independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on the authority of such firm as experts in accounting and auditing.

The consolidated financial statements of Independent Bank Group, Inc. and its subsidiaries as of December 31, 2024 and 2023, and for each of the years in the three (3)-year period ended December 31, 2024, incorporated in this registration statement by reference from SouthState Corporation's [Current Report on Form 8-K/A filed with the SEC on March 5, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/764038/000155837025002235/ssb-20250102x8ka.htm), have been audited by RSM US LLP, an independent registered public accounting firm, as set forth in their report thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports of such firm given upon their authority as experts in accounting and auditing.

**$**

**% Fixed-to-Floating Rate Subordinated Notes due 2035**

**Preliminary Prospectus Supplement**

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*Joint Book-Running Managers*

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| | | |
|:---|:---|:---|
| **Morgan Stanley** | **Piper Sandler** | **Keefe, Bruyette & Woods** <br> *A Stifel Company* |

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, 2025