WINTER HAVEN, Fla., April 22, 2014 /PRNewswire/ -- CenterState Banks, Inc. (NASDAQ: CSFL) today announced the release of its "National-to-Local Loan Program" which provides a menu of commercial loans available to small and mid-sized financial institutions on one easy-to-use platform.
"CenterState Bank uses its size and expertise to provide credit from America's best companies directly to community banks" said Chris Nichols, Chief Strategy Officer for CenterState Bank. "This Program allows banks to easily pick and choose their credit exposure in order to increase loan volume, manage interest rate risk and diversify into industries such as consumer products, apparel, healthcare and technology."
The Program makes various floating rate credit facilities available from well-regarded companies with a successful financial track record. The loans are originated and underwritten by national and well recognized commercial banks that have proven expertise in underwriting non-real estate-based loans. The Program comes with legal, analytical, underwriting and technology support to make it efficient for national companies to work with banks across the nation.
"Community banks sometimes have limited options to diversify their balance sheet and grow profitable loans," said Rick Ruso the Managing Director of the Program. "With this program, financial institutions can easily get the diversification they need so that they can focus the bulk of their efforts in their local community."
For more information, please contact Chris Nichols at 800-481-2443 (CI@centerstatebank.com) or go to http://csbcorrespondent.com/national-to-local_loan_program.
About CenterState Banks
CenterState Banks, Inc., headquartered in Davenport, Florida, is a $3 billion total asset sized bank holding company with a nationally chartered bank: CenterState Bank of Florida. Presently, the Company operates through 59 branches in eighteen counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Division, also provides research, clearing/cash management, fixed income; loan sales services; hedging; foreign exchange; fed funds purchased products; safekeeping; bond accounting; asset/liability; strategic planning and consulting services to financial institutions located throughout the United States.
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SOURCE CenterState Banks, Inc.