Bailout Bank Bio: Centerstate Banks of Florida, Inc.

Jan 27, 2009 | 1 min read | Print Article

Centerstate Banks of Florida, Inc. is a bank holding company, with 37 banking locations in 9 counties in the central Florida. The company is headquartered in Davenport, Florida. Centerstate Banks acquired Valrico Bancorp, Inc., and its wholly owned subsidiary, Valrico State Bank during 2008. Through the Treasury Department’s Capital Purchase Program, CenterState Banks will receive $27.9 million in exchange for 27,875 Preferred Shares of the Company’s Fix Rate Cumulative Perpetual Preferred Stock, Series A.

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Bailout Bank Bio: Centerstate Banks of Florida


Federal Equity Investment	$27.90 million
Total Revenue	$83.510 million (2007)
Net Income	$7.799 million (2007)
Number of Employees	371
Corporate Headquarters	Winter Haven, Florida
Business Sector	Financial
Officers and Directors	Antal, James, Chief Financial Officer, Senior Vice President, Corporate Secretary White, Thomas, President, Chief Executive Officer and Director of CenterState Bank Central Florida, N.A. Pierson, Timothy, President, Chief Executive Officer and Director of CenterState Bank, N.A. Other Officers and Directors
Corporate Website	http://www.csflbanks.com/
Executive Compensation	Centerstate Banks of Florida Inc