CenterState Bank Corporation and State Bank Financial Corporation announced that CenterState has hired a team of mortgage professionals from State Bank associated with State Bank's residential lending business.  "This team accomplishes the Company's stated goal of enhancing our fee income lines of business as well as our geographic expansion into Georgia," stated Steve Young, Chief Operating Officer.

As part of this transaction, CenterState acquired from State Bank the mortgage loan pipeline associated with the mortgage business, and assumed certain leases where the State Bank mortgage professionals have been located.  The transaction builds on CenterState's commercial and retail expansion into Georgia by expanding its reach into Augusta, Athens, Roswell and the greater Savannah area, as well as Aiken, South Carolina. 

Earlier this month, CenterState expanded its branching operations into Georgia and Alabama with its acquisition of CharterBank.  CenterState's mortgage operations have been headquartered in Atlanta since 2016, and Atlanta also is the headquarters for CenterState's correspondent division and its SBA business.