CenterState Banks Stock Company Profile

Description

CenterState Banks, Inc. operates as the holding company for CenterState Bank of Florida, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries in Florida. The company’s deposit products include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, and direct deposits, as well as safe deposit services. It also offers real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots. In addition, the company provides commercial loans to individuals and small-to-medium sized businesses for working capital, equipment purchases, and various other business purposes; and consumer loans comprising loans to individuals for various consumer purposes, as well as business purpose loans. Further, it offers cash management, notary, money order, night depository, travelers’ and cashier’s checks, domestic collection, savings bond, bank draft, automated teller, drive-in tellers, mail and Internet banking, and trust services; and other financial products, such as mutual funds, annuities, and other products. Additionally, the company sells fixed income securities; and provides hedging, loan brokerage, correspondent bank deposits, safe-keeping, bond accounting, asset/liability consulting, international wires, clearing and corporate checking account, and other correspondent banking related services. As of August 12, 2016, it had 57 branches in 20 counties of Florida; and a loan production office in Macon, Georgia. The company was founded in 1989 and is headquartered in Davenport, Florida.