Magazine : Archives : 1st Quarter 2018
Where Are the Deal Makers?
On the surface, the odds of CEO John Corbett’s CenterState Bank Corp. recording a third straight year of multiple bank acquisitions in 2017 appeared slim. The Winter Haven, Florida-based company was approaching a size threshold that many banks hesitate to pass. Its target markets in central and south Florida hold a dwindling number of attractive merger candidates. And while the company’s share price rose by as much as 15 percent in 2017, a beneficiary of the post-election “Trump bump,” many smaller banks’ valuations had jumped even more. Yet no one seemed surprised when Corbett, on a characteristically steamy August Monday...
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