MILTON — Charter Financial, the parent company of Charter Bank, is now officially part of CenterState Bank.
The acquisition deal, following a multi-million-dollar merger deal completed on Sept. 1, 2018, led to all Charter Bank branches acquiring the new CenterState name and logo.
CenterState currently operates in 44 counties throughout Florida, Georgia and Alabama, including two branches in Santa Rosa County in Milton and Pace.
"Our partnership with Charter allows us to expand our franchise into Georgia and Alabama, with a stable organization built upon a strong, core deposit base deeply rooted in the communities they serve," John Corbett, president and CEO of CenterState, said at the time of the merger.
According to its website, CenterState Bank was founded in 1989 by a group of bankers and entrepreneurs with three separate banks in Polk, Osceola and Pasco counties. The holding company, Center State Bank Corporation, headquartered in Winter Haven, was founded in 2000, officially combining these banks into one company. CenterState also provides correspondent banking and capital market services for approximately 600 community banks nationwide.