Press Release August 17, 2017

CenterState Banks Signs Agreement to Acquire HCBF Holding Company for $416.7 Million

Alston & Bird client CenterState Banks, Inc., the parent company of CenterState Bank, N.A., has signed a definitive agreement to acquire HCBF Holding Company, Inc., in a deal valued at $416.7 million.

The purchase of HCBF, the parent company of Harbor Community Bank, would raise CenterState’s total assets to more than $8.7 billion and increase its Florida branches to more than 120, making it one of the state’s largest community banks.

Advising CenterState on the transaction is an Alston & Bird team led by partner Julie Mediamolle and associate Bhanu Mathur (Corporate & Business Transactions), with support from partners Mark Kanaly and Cliff Stanford (Financial Services & Products), partner Andy Immerman (Tax), and partner Blake MacKay and counsel Kerry Wenzel (Employee Benefits & Executive Compensation).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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