SouthState Bank launches government contractor banking unit

SouthState Bank Corporation (NYSE: SSB) has launched a Government Contractor Banking vertical and appointed David Mathis as its director, according to a press release issued Aug. 17.

Mathis and his team will advise companies in the government contracting sector on financing, treasury management, capital markets, and mergers and acquisitions across SouthState's nine-state footprint.

Mathis joins SouthState after nearly a decade at MartinFederal Consulting, where he served as CEO before selling the company earlier this year. Before that role, he spent 25 years as a commercial banker in the North Alabama market with a focus on the government contracting industry.

"I know firsthand the opportunities and complexities government contractors navigate every day. SouthState is building a team that understands this industry and can deliver the banking expertise, strategic perspective and personal partnership these companies need to grow with confidence," Mathis said.

Richard Murray, president of SouthState Bank, said the bank's footprint includes ports, military bases, and operations supporting federal agencies such as NASA, the Department of Justice, and the Department of Energy.

SouthState Bank Corporation is headquartered in Winter Haven, Florida, and serves more than 1.5 million customers across Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia, and Tennessee.

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