Acquire Platinum Bank Holding Company

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WINTER HAVEN, FL., October 18, 2016 — CenterState Banks, Inc. (Nasdaq-GS: CSFL) announced today the signing of a definitive merger agreement under which CenterState will acquire Platinum Bank Holding Company (“PBHC”), the parent company of Platinum Bank ( “Platinum”).

Platinum, which is headquartered in Brandon, Florida, currently operates 7 banking locations in the Tampa-St. Petersburg-Clearwater and Lakeland-Winter Haven MSAs. As of September 30, 2016, Platinum reported assets of $584 million, gross loans of $452 million and deposits of $495 million.

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