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CenterState Banks completes Platinum Bank Holding acquisition

In Florida, Winter Haven-based CenterState Banks Inc. completed its acquisition of Brandon-based Platinum Bank Holding Co., effective April 1.

Following the merger, Platinum Bank merged with and into CenterState Bank of Florida NA, according to a Form 8-K filed April 3.

Platinum Bank Holding Co. shareholders are entitled to receive $7.60 in cash and 3.7832 CenterState Banks common shares for each share held.