Mergers and Acquisitions
Transaction Details
Deal Overview
Buyer:  Cypress Capital Group, Inc. (Click for buyer financial information)
Target:  Personal trust business (Click for target financial information)
Target Type:  Asset Manager
Deal Type:  Securities & Investments Company
Announcement Date 12/11/17   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share($) NA
Completion Date 12/31/17  
Deal Summary
Palm Beach, Fla.-based Cypress Capital Group Inc. unit Cypress Trust Co. has acquired personal trust business from Winter Haven, Fla.-based CenterState Bank Corp.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) NA NA
Price / Earnings (x) NA NA

Deal Terms

Description of Consideration
The terms of the deal were not disclosed.
Percent Acquired (%) NA   Accounting Method NA

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes DD&F Consulting Group
Seller No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller No NA

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