$1.5M SouthState Bank N.A. Settlement Ends Class Action Lawsuit Over Feb. 2024 Data Breach

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SouthState Bank North America has agreed to a $1,500,000 settlement to resolve a class action lawsuit that alleged the financial institution failed to protect the sensitive consumer information stored on its systems from a February 2024 data breach.

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The $1.5 million SouthState Bank N.A. class action settlement received preliminary approval from the court on February 17, 2026 and covers all living United States residents who were sent notice from the bank that their private information may have been impacted in the February 2024 data breach.

Court documents indicate that the deal covers approximately two million individuals.

The court-approved website for the SouthState Bank data breach settlement can be found at SouthStateBankDataSettlement.com.

According to the website, SouthState settlement class members are automatically eligible to receive one free year of one-bureau credit monitoring and identity theft insurance, with no action required to claim this benefit.

The settlement agreement states that class members can find an enrollment code for credit monitoring in their copy of the settlement notice, and that activation instructions will be provided by the settlement administrator once the deal is granted final approval.

Settlement class members who file a valid, timely claim form have multiple options for monetary reimbursement, the agreement says.

Class members who submit a claim form with proof of documented losses stemming from the breach are eligible to receive up to $3,500 in reimbursement. The agreement explains that class members must submit third-party documentation, such as bank statements or receipts, to receive compensation for monetary losses incurred after February 7, 2024.

Court documents state that reimbursable losses include bank fees, professional fees, costs to obtain credit monitoring services, credit freezes, costs to replace IDs, fraudulent charges and miscellaneous expenses such as postage and travel.

Furthermore, the agreement notes that class members may not receive compensation for losses that have already been reimbursed by another source, including compensation provided in connection with any credit monitoring and identity theft protection products.

Additionally, all settlement class members may also file a claim form to receive a one-time, pro-rated cash payment, with no proof required.

Importantly, the agreement states that class members may file a claim form to receive both cash payments.

SouthState class members may receive their settlement payout via check or electronic payment, and all checks must be cashed within 120 days of issuance before expiration, the agreement states.

To file a SouthState Bank settlement claim form online, class members can head to this page and log in using the settlement class member ID and PIN also found on their copy of the settlement notice. Alternatively, class members may download a PDF of the claim form from the site to print, fill out and return by mail to the address of the settlement administrator on the first page.

All SouthState Bank settlement claim forms must be submitted online or by mail by June 15, 2026.

The court will determine whether to grant final approval to the SouthState Bank N.A. data breach settlement following a hearing on June 22, 2026. Compensation will begin to be distributed to consumers only after final approval is granted and any appeals are resolved.

The SouthState Bank class action lawsuit alleged that the Florida-based bank failed to implement reasonable cybersecurity measures to protect confidential information stored on its systems, leading to a data breach on or around February 7, 2024. Per court documents, private information that may have been compromised during the breach includes names, dates of birth, addresses, contact information, financial account numbers and Social Security numbers.

Did you know that some class action settlements require no proof to submit a claim? Check out the latest class action settlements.