Alston & Bird client CenterState Banks, Inc., the parent company of CenterState Bank, N.A., has signed a definitive agreement to acquire HCBF Holding Company, Inc., in a deal valued at $416.7 million.
The purchase of HCBF, the parent company of Harbor Community Bank, would raise CenterState’s total assets to more than $8.7 billion and increase its Florida branches to more than 120, making it one of the state’s largest community banks.
Advising CenterState on the transaction is an Alston & Bird team led by partner Julie Mediamolle and associate Bhanu Mathur (Corporate & Business Transactions), with support from partners Mark Kanaly and Cliff Stanford (Financial Services & Products), partner Andy Immerman (Tax), and partner Blake MacKay and counsel Kerry Wenzel (Employee Benefits & Executive Compensation).
The purchase of HCBF, the parent company of Harbor Community Bank, would raise CenterState’s total assets to more than $8.7 billion and increase its Florida branches to more than 120, making it one of the state’s largest community banks.
Advising CenterState on the transaction is an Alston & Bird team led by partner Julie Mediamolle and associate Bhanu Mathur (Corporate & Business Transactions), with support from partners Mark Kanaly and Cliff Stanford (Financial Services & Products), partner Andy Immerman (Tax), and partner Blake MacKay and counsel Kerry Wenzel (Employee Benefits & Executive Compensation).