SouthState Bank recently launched a small business banking team to meet demand in its southeastern footprint. In connection with the launch, the bank promoted Matt Vegter to director of small business banking to grow and serve SouthState’s small business sector.
“Offering our small business customers a line of products that fits their needs, accompanied by well-rounded, knowledgeable bankers and a library of small business resources, are enhancements we know business owners across the Southeast will benefit from,” Richard Murray, president of SouthState Bank, said. “Small business owners make local economies thrive, and SouthState is committed to supporting both.”
A banker for 15 years, Vegter helped to develop Business Lending Express, a small business loan program at SouthState that streamlines and simplifies the underwriting process for small business loans. This program created efficiencies for both the bank and small business clients by decreasing loan origination costs and reducing the time to decision.
Vegter has built a team of small business bankers, pulling from capable bankers at SouthState and other financial institutions. Members of the team include:
SouthState also expanded its private wealth and middle-market banking teams, hiring Phillip R. Garrison as a private wealth advisor, Mike Maguire as a private wealth relationship manager, Mia Mendez as a private wealth associate and Brian Combs as a middle-market business development executive.
Garrison will be based in Charlotte, NC. He has experience in trust administration and insurance consulting. Prior to joining SouthState, he was a senior fiduciary officer for a large national bank.
Maguie will be based in Jacksonville, FL. He spent 16 years with a large regional bank and managed in wealth division in north Florida for the last 10 years. In addition, his career experience includes 23 years with Barnett Bank in various leadership roles throughout the state of Florida.
Mendez will also be based in Jacksonville, FL. She joined SouthState following a 10-year career at Truist. She will support Maguire, whom she worked with previously in Jacksonville under the BB&T banner. During her 17 years in the financial services industry, Mendez has held roles including banker assistant, foreclosure specialist and wealth support specialist.
Combs will be based in Richmond, VA. He most recently worked as a member of the Mid-Atlantic corporate banking group at PNC, where he managed relationships with mid-sized and large companies headquartered throughout most of Virginia. Previously, Combs also held relationship management roles in middle-market banking at Wells Fargo and corporate banking at SunTrust.
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