WINTER HAVEN, Fla.,
Sept. 24, 2018 /PRNewswire/
-- CenterState Bank Corporation (NASDAQ: CSFL) ("CenterState")
and State Bank Financial Corporation (NASDAQ: STBZ) announced that
CenterState has hired a team of mortgage professionals from State
Bank associated with State Bank's residential lending
business. "This team accomplishes the Company's stated goal
of enhancing our fee income lines of business as well as our
geographic expansion into Georgia," stated Steve
Young, Chief Operating Officer.
As part of this transaction, CenterState acquired from State
Bank the mortgage loan pipeline associated with the mortgage
business, and assumed certain leases where the State Bank mortgage
professionals have been located. The transaction builds on
CenterState's commercial and retail expansion into Georgia by expanding its reach into
Augusta, Athens, Roswell and the greater Savannah area, as well as Aiken, South Carolina.
Earlier this month, CenterState expanded its branching
operations into Georgia and
Alabama with its acquisition of
CharterBank. CenterState's mortgage operations have been
headquartered in Atlanta since
2016, and Atlanta also is the
headquarters for CenterState's correspondent division and its SBA
business.
About CenterState Bank Corporation
CenterState operates as one of the largest community bank
franchises headquartered in the state of Florida. Both the
Company and its nationally chartered bank subsidiary are based in
Winter Haven, Florida, between
Orlando and Tampa. With over
$12 billion in assets, the Bank
provides traditional retail, commercial, mortgage, wealth
management and SBA services throughout its Florida, Georgia and Alabama branch network and customer
relationships in neighboring states. The Bank also has a
national footprint, serving clients coast to coast through its
correspondent banking division.
For further information, please contact Steve Young at 863-293-4710.
About State Bank Financial Corporation
State Bank Financial Corporation, with approximately
$5.0 billion in assets as of
June 30, 2018, is an Atlanta-based bank holding company for State
Bank and Trust Company. State Bank operates a full service banking
business and offers a broad range of commercial and retail banking
products to our customers throughout seven of Georgia's eight largest MSAs.
To learn more about State Bank, visit www.statebt.com
Information in this press release, other than statements of
historical facts, may constitute forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include, but are not limited to,
CenterState's plans, objectives, expectations and intentions, and
other statements that are not historical facts.
Forward-looking statements may be identified by terminology such as
"may," "will," "should," "scheduled," "plans," "intends,"
"anticipates," "expects," "believes," estimates," "potential," or
"continue" or negative of such terms or other comparable
terminology. All forward-looking statements are
subject to risks, uncertainties and other facts that may cause the
actual results, performance or achievements of CenterState to
differ materially from any results expressed or implied by such
forward-looking statements. Such factors include, among others, the
impact on failing to implement our business strategy, including our
growth and acquisition strategy; the ability to successfully
integrate our acquisitions; additional capital requirements due to
our growth plans; the impact of our increase in asset size to over
$10 billion; the risks of changes in
interest rates and the level and composition of deposits; loan
demand, the credit and other risks in our loan portfolio and the
values of loan collateral; the impact of us not being able to
manage our risk; the impact on a loss of management or other
experienced employees; the impact if we failed to maintain our
culture and attract and retain skilled people; the risk of changes
in technology and customer preferences; the impact of any material
failure or breach in our infrastructure or the infrastructure of
third parties on which we rely including as a result of
cyber-attacks; or material regulatory liability in areas such as
BSA or consumer protection; reputational risks from such failures
or liabilities or other events; legislative and regulatory changes;
general competitive, political, legal, economic and market
conditions and developments; financial market conditions and the
results of financing efforts; changes in commodity prices and
interest rates; weather, natural disasters and other catastrophic
events; and other factors discussed in our filings with the
Securities and Exchange Commission under the Exchange Act.
Additional factors that could cause results to differ
materially from those contemplated by forward-looking statements
can be found in the Company's Annual Report on Form 10-K for the
year ended December 31, 2017, and
otherwise in our SEC reports and filings, which are
available in the "Investor Relations" section of CenterState's
website, http://www.centerstatebanks.com. You should
not expect us to update any forward-looking statements.
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SOURCE CenterState Bank Corporation