M&A Deal Summary

CenterState Bank Acquires Valrico Bancorp

On April 2, 2007, CenterState Bank acquired financial services company Valrico Bancorp for 40M USD

Acquisition Highlights
  • This is CenterState Bank’s 5th transaction in the Financial Services sector.
  • This is CenterState Bank’s 4th largest (disclosed) transaction.
  • This is CenterState Bank’s 5th transaction in the United States.
  • This is CenterState Bank’s 5th transaction in Florida.

M&A Deal Summary
Date 2007-04-02
Target Valrico Bancorp
Sector Financial Services
Buyer(s) CenterState Bank
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Austin Associates LLC (Financial)
Shumaker, Loop & Kendrick LLP (Legal)

Target

Valrico Bancorp

Valrico, Florida, United States
Valrico Bancorp, Inc. is a banking products and services to individuals and businesses.

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Buyer(S) 1

Buyer

CenterState Bank

Winter Haven, Florida, United States

website

Category Company
Founded 1999
Sector Financial Services
Employees2,113
Revenue 747M USD (2019)
DESCRIPTION

CenterState Bank is a provider of consumer and commercial banking services to individuals, businesses, and industries. CenterState Bank was established in 1999 and is based in Davenport, Florida.

DEAL STATS #
Overall 5 of 12
Sector (Financial Services) 5 of 12
Type (Add-on Acquisition) 5 of 11
State (Florida) 5 of 10
Country (United States) 5 of 12
Year (2007) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 CenterState Bank Mid Florida

Leesburg, Florida, United States

CenterState Bank Mid Florida is a provider of full range of banking services.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Federal Trust

Sanford, Florida, United States

Federal Trust Corp. is a provider of financial products and services.

Buy -
Mergr

Product

Company

Legal