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5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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Winter Haven, FL – February 15, 2018 - CenterState Bank Corporation (the “Company”) (NASDAQ: CSFL) today reported that G. Robert Blanchard, Jr., who has been a member of the board of the Company since 2005, and before that as a director of the Company’s subsidiary bank, CenterState Bank, N.A., has requested not to stand for re-election at the upcoming annual meeting of shareholders, as his dual service on both the Company’s board of directors and the board of directors of The Bank of Tampa, a $1.5 billion commercial bank in Tampa, Florida, will be prohibited as of June 1, 2018 by the large bank provisions of the Federal Depository Institution Management Interlocks Act. Mr. Blanchard’s decision was accepted by the Board of Directors of the Company on February 15, 2018. The annual meeting of shareholders of the Company is scheduled for April 26, 2018, which will be the effective date of Mr. Blanchard’s departure from the Company’s Board of Directors.
Forward-Looking Statements
This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward,” and other expressions that indicate future events and trends identify forward-looking statements.
Forward-looking statements, with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, many of which, with respect to future business decisions and actions, are subject to change, and which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Examples of uncertainties and contingencies include, among other important factors, general economic and business conditions, expectations of and actual timing and amount of interest rate movements, including the slope and shape of the yield curve, which can have a significant impact on a financial services institution, market and monetary fluctuations, including fluctuations in mortgage markets, responses to any or all of these conditions, and the actions of the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and other regulators and agencies, pending, threatened, or possible future regulatory or judicial actions, proceedings or outcomes, changes in laws and regulations applicable to the Company, the possibility that the anticipated benefits of the transactions will not be realized when expected or at all, the Company’s success in executing its business plans and strategies and managing the risks involved in the foregoing, and other factors that may affect future results of the Company. Additional factors that could cause results to differ materially from those contemplated by forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and otherwise in our SEC reports and filings, which are available in the “Investor Relations” section of CenterState’s website, http://www.centerstatebanks.com. You should not expect us to update any forward-looking statements.
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