South State Commits $600,000 to COVID-19 Relief
April 29 2020 - 9:00AM
Business Wire
Offers Support for Communities and Small
Businesses through SBA Paycheck Protection Program
South State Bank announced today that it will donate $600,000 to
the South State Emergency Relief Fund to directly aid communities
and individuals affected by COVID-19. In addition, South State
continues to support its team members, customers and communities
through various support programs and efforts, including the Small
Business Administration (SBA) Paycheck Protection Program.
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“We feel very fortunate to be able to provide assistance during
this time of need. Our company was born out of the Great
Depression, and we stood ready then, as we do today, to serve as a
source of strength to help individuals, businesses and communities
as they recover – both personally and financially. This donation to
our South State Fund will offer localized assistance directly to
the communities we serve and the areas of greatest need,” said
Robert R. Hill, Jr., South State Corporation president and chief
executive officer. “Through the unwavering commitment and focus of
our team, thus far, we have helped nearly 6,000 businesses receive
almost $900 million through the SBA Paycheck Protection Program.
I’m very proud of our team and pleased we could offer assistance to
businesses that are the very fabric of our communities.”
Through its contribution to the Emergency Relief Fund, South
State will be partnering with nonprofit organizations to provide
financial assistance directly to the communities it serves.
South State is also continuing to support small businesses and
customers through payment deferrals on loans and mortgages, as well
as through the second round of Paycheck Protection Program funding,
which began on April 27.
In addition, South State remains committed to the health and
safety of its team members. South State is currently operating
branches in a drive-thru and appointment-only service format. As a
form of gratitude, South State has provided bonus payments for team
members who continue to serve customers at its branches during this
time.
For updated information about South State’s response to
COVID-19, visit SouthStateBank.com.
South State Corporation (NASDAQ: SSB) is a financial services
company headquartered in Columbia, South Carolina, with over $16.6
billion in assets. South State Bank, the company’s primary
subsidiary, provides consumer, commercial, mortgage and wealth
management solutions throughout the Carolinas, Georgia and
Virginia. South State has served customers since 1934. Additional
information is available at SouthStateBank.com.
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Jackie Smith 803-231-3486
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