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Bank not compelled to drive more M&A

October 31, 2016

Hours after Winter Haven, Fla.-based CenterState Banks Inc. announced it is acquiring Brandon, Fla.-based Platinum Bank Holding Co., CenterState CEO and President John Corbett said the company no longer feels “compelled” to reach for M&A deals. But CenterState will continue to watch for potential mergers that would create “organic growth,” Corbett said.

“As we look at the landscape out there in Florida over the next 18 months, we see a lot of opportunity,” Corbett said. “So we are going to continue to evaluate opportunities going forward just like we did in the past.”

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