M&A Deal Summary

CenterState Bank Acquires Sunshine Bancorp.

On August 14, 2017, CenterState Bank acquired financial services company Sunshine Bancorp.

Acquisition Highlights
  • This is CenterState Bank’s 9th transaction in the Financial Services sector.
  • This is CenterState Bank’s 9th transaction in the United States.
  • This is CenterState Bank’s 9th transaction in Florida.

M&A Deal Summary

Date 2017-08-14
Target Sunshine Bancorp.
Sector Financial Services
Buyer(s) CenterState Bank
Deal Type Merger
Advisor(s) Hovde Group (Financial)
Luse Gorman (Legal)

Target

Sunshine Bancorp.

Plant City, Florida, United States
Sunshine Bancorp. is a provider of financial services to individuals, families and businesses primarily located in Hillsborough, Orange, Pasco, and Polk Counties, Florida.

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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 9 of 12
Sector: Financial Services M&A 9 of 12
Type: Merger M&A Deals 1 of 1
State: Florida M&A 9 of 10
Country: United States M&A 9 of 12
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-01 First Southern Bancorp

Florida, United States

First Southern Bancorp, Inc. is a provider of banking products and services.

Buy $190M
FOLLOWING 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 -