Exhibit 99.1


FOR IMMEDIATE RELEASE
April 23, 2003

                  CENTERSTATE BANKS OF FLORIDA, INC. ANNOUNCES
                           FIRST QUARTER 2003 EARNINGS

      WINTER HAVEN, FL. - April 23, 2003 -- CenterState Banks of Florida, Inc.
(NASDAQ SYMBOL: CSFL) reported after tax earnings for the quarter ended March
31, 2003 of $527,000 or $0.15 per share versus $577,000 or $0.20 per share for
the corresponding quarter in 2002.

      Ernest S. Pinner, President and CEO, stated that the decrease in total
earnings is directly related to the compression in "spread" between the two
periods, which was a result of the relatively historical low interest rate
environment. (Spread is defined as the yield on interest earning assets less the
cost of deposits and other interest bearing liabilities.) Mr. Pinner went on to
state, that in addition to the spread compression, the decrease in earnings per
share between the two periods is primarily the result of the issuance of 536,310
shares at December 31, 2002 related to the CenterState Bank acquisition.
CenterState Bank is a new bank that has not yet produced positive quarterly
earnings. The bank had a minimal loss (approximately $11 thousand) during the
March 31, 2003 quarter, and management expects it to be marginally profitable
next quarter. All per share data is presented on a diluted basis.

      Mr. Pinner further reported that the Company's loan portfolio grew by
$22.2 million (6.7%) during the quarter ended March 31, 2003. During this same
period, deposits grew by $29.2 million (6.6%) and total assets grew by $31.1
million (6.3%). Mr. Pinner stated that the Company has been able to consistently
produce double-digit annual loan growth rates, while at the same time
maintaining solid credit quality. Mr. Pinner believes this was accomplished by
making good loans to good customers, whom we know.

      CenterState Banks of Florida, Inc. is a $526 million multi bank holding
company which operates through four wholly owned subsidiary banks with
twenty-one full service locations in eight counties throughout Central Florida.
The Company's four subsidiary banks include First National Bank of Osceola
County, Community National Bank of Pasco County, First National Bank of Polk
County, and CenterState Bank of Florida.

      The Company's stock is listed on the NASDAQ national market under the
symbol CSFL. Request for information regarding the purchase or sale of the
common stock can be addressed to Advest, Inc., Allen C. Ewing & Co., or Ryan
Beck & Co. For additional information contact James J. Antal, CFO, at
863-419-0833.

      "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Some of the statements in this report constitute forward-looking
statements, within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934. These statements related to
future events, other future financial performance or business strategies, and
may be identified by terminology such as "may," "will," "should," "expects,"
"scheduled," "plans," "intends", "anticipates," "believes," "estimates,"
"potential," or "continue" or the negative of such terms or other comparable
terminology. Actual events or results may differ materially. In evaluating these
statements, you should specifically consider the factors described throughout
this report. We cannot be assured that future results, levels of activity,
performance or goals will be achieved.