Independent Financial Bank Merges With South State Bank
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Description
Independent Financial, the City of Fate’s banking partner, merged with South State Bank effective June 2, 2025. The merger affects the branding and structure of the City’s depository services.
Contract Details
Vendor
INDEPENDENT FINANCIAL
Agency
City of Fate, TX
Contract Type
FINANCIAL_SERVICES
Document Date
August 18, 2025
Contract Term
Ongoing banking relationship; merger effective June 2, 2025
Renewal Info
Existing banking relationship continues under merged entity; no explicit renewal action documented.
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