FDIC-Assisted Acquisition Central Florida State Bank January 20, 2012 B A N K S Exhibit 99.1 |
This presentation contains forward-looking statements, as defined by Federal Securities Laws, relating to present or future trends or factors affecting the operations, markets and products of CenterState Banks of Florida, Inc. (CSFL). These statements are provided to assist in the understanding of future financial performance. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussion of factors that may cause such forward-looking statements to differ materially from actual results, please refer to CSFL’s most recent Form 10-Q and Form 10-K filed with the Securities Exchange Commission. CSFL undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this presentation. Forward Looking Statement 2 |
FDIC-Assisted Acquisition of Central Florida State Bank 3 4 branches in Ocala, FL MSA Assets purchased: $70 million Deposits assumed: $64 million 80 / 20 loss sharing with the FDIC Immediately accretive to EPS Neutral to tangible book value at close IRR upwards of 25% Significant branch overlap will drive efficiencies — All acquired branches are within 2 miles of an existing CSFL branch Transaction Highlights |