M&A Deal Summary

CenterState Bank Acquires National Commerce

On November 26, 2018, CenterState Bank acquired financial services company National Commerce

Acquisition Highlights
  • This is CenterState Bank’s 12th transaction in the Financial Services sector.
  • This is CenterState Bank’s 12th transaction in the United States.
  • This is CenterState Bank’s 1st transaction in Alabama.

M&A Deal Summary
Date 2018-11-26
Target National Commerce
Sector Financial Services
Buyer(s) CenterState Bank
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Maynard Nexsen (Legal)

Target

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.

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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 12 of 12
Sector (Financial Services) 12 of 12
Type (Add-on Acquisition) 11 of 11
State (Alabama) 1 of 1
Country (United States) 12 of 12
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 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.

Buy $360M
Mergr

Product

Company

Legal