This excerpt taken from the CSFL 8-K filed Jun 24, 2005.
Item 1.01 Entry into a Material Definitive Agreement
On June 20, 2005, CenterState Banks of Florida, Inc. (the Company) entered into a Purchase Agreement with Keefe, Bruyette & Woods, Inc., as representative of the several underwriters named in the Purchase Agreement (the Purchase Agreement). Pursuant to the Purchase Agreement, the Company agreed to sell an aggregate of 1,000,000 shares of the Companys common stock to the underwriters named in the Purchase Agreement (the Underwriters) at a purchase price of $32.50 per share, less an underwriting discount of $1.95 per share, resulting in net proceeds to the Company, before expenses, of $30,550,000. In addition, the Underwriters were granted the option, for a period of thirty days, to purchase from the Company up to 150,000 additional shares of common stock at the same purchase price to cover over-allotments, if any.
On June 24, 2005, the Company closed the sale of the 1,000,000 shares of common stock at the price set forth above.
The foregoing description of the terms of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, which is filed as Exhibit 99.1 hereto and incorporated by reference herein.
Section 5 - Corporate Governance and Management