M&A Deal Summary

CenterState Bank Acquires Charter Financial

On April 24, 2018, CenterState Bank acquired financial services company Charter Financial for 360M USD

Acquisition Highlights
  • This is CenterState Bank’s 11th transaction in the Financial Services sector.
  • This is CenterState Bank’s largest (disclosed) transaction.
  • This is CenterState Bank’s 11th transaction in the United States.
  • This is CenterState Bank’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-04-24
Target Charter Financial
Sector Financial Services
Buyer(s) CenterState Bank
Deal Type Add-on Acquisition
Deal Value 360M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Alston & Bird (Legal)

Target

Charter Financial

West Point, Georgia, United States
Charter Financial Corp. is a provider of financial services. Charter Financial was founded in 1954 and is based in West Point, Georgia.

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Buyer(S) 1

Buyer

CenterState Bank

Winter Haven, Florida, United States
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 11 of 12
Sector (Financial Services) 11 of 12
Type (Add-on Acquisition) 10 of 11
State (Georgia) 1 of 1
Country (United States) 11 of 12
Year (2018) 2 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Harbor Community Bank

Indiantown, Florida, United States

Harbor Community Bank is a bank holding company that was established by veteran Florida bankers to build a strong community banking franchise along the east coast of Florida. Harbor Community Bank was founded in 2010 and is based in Indiantown, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 National Commerce

Birmingham, Alabama, United States

National Commerce Corp. is a provider of financial services for commercial and consumer customers through seven full-service banking offices in Alabama, twenty-five full-service banking offices in Florida and five full-service banking offices in the Atlanta, Georgia metro area. National Commerce was founded in 2004 and is based in Birmingham, Alabama.

Buy -
Mergr

Product

Company

Legal