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As of November 30, 2017, it is important you understand that: Park Sterling Bank is not a banking entity separate from South State Bank; any references in bank documentation or on the website to “Park Sterling Bank”, “Park Sterling” or any such similar reference before the transition is complete means Park Sterling Bank, a division of South State Bank; and South State Bank and Park Sterling Bank are the same FDIC-insured institution. Deposits are generally separately insured only for the six-month period following the effective date of the merger. At the end of the six-month period, deposits will be insured only under South State Bank’s deposit insurance.
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