Harbor Community Bank Signs Agreement to Merge with CenterState Banks, Inc.
August 18, 2017
Kelso is pleased to announce that on August 14, 2017, Harbor Community Bank ("Harbor") signed a definitive agreement to merge with CenterState Banks, Inc. (Nasdaq-GS: CSFL).
CSFL announced the transaction on August 14, 2017, in conjunction with the concurrent signing of the acquisition of Sunshine Bancorp, Inc. Upon completion of both mergers, CenterState will become the largest community banking company in the state of Florida by assets, market capitalization, deposit market share and branch footprint.
Harbor Community Bank, a wholly owned bank subsidiary of HCBF Holding Company, Inc., is a Florida-based financial services company headquartered in Ft. Pierce, Fla. with 46 branch locations and three loan production offices located throughout 19 counties in Florida. Harbor Community Bank specializes in residential, consumer, small business and commercial real estate lending within its current geographic footprint. It also offers a full range of retail, small business, and commercial banking products and services.