Mergers & Acquisitions

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Deal Overview

Buyer:
CenterState Banks of Florida
Actual Acquirer:
CenterState Banks of Florida
Target:
First National Bank of Polk County
Deal Type:
Bank & Thrift Company
Agreement Date:
12/10/1999
Announcement Date:
12/10/1999
Announced Deal Value ($ M):
NA
Status:
Completed
Completion Date:
6/30/2000
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

First National shareholders received 1.62 shares of Centerstate common stock for each share held.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 0
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.620000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Allen C. Ewing & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Smith Mackinnon PA