Cypress Trust Co., a provider of investment management and trust services, is acquiring Winter Haven, Fla.-based CenterState Bank NA's personal trust business.
The deal, according to a press release, brings the Florida-based buyer approximately 120 relationships, market share in Jacksonville and a 15% increase in its personal trust business. CenterState Trust's team is also joining Cypress Trust.
DD&F Consulting advised Cypress Trust on the transaction.
