A MESSAGE FROM GATEWAY BANK - SHAUN MERRIMAN, PRESIDENT & CEO
On Wednesday November 30, 2016, our parent company, Gateway Financial Holdings of Florida, Inc. announced the signing of an agreement to merge the Gateway Banks into CenterState Bank of Florida. We believe this merger is a perfect fit for both banks. CenterState is, first and foremost, a community bank sharing our banking culture and philosophy. We could not have selected a better partner to take Gateway Bank to an even higher performance level.
You can read about the merger agreement here.
CenterState is the third largest Florida-based community bank. After completing the merger, which includes our affiliate banks in Ocala and Daytona Beach, CenterState will have over $6.5 billion in assets and over 80 banking locations throughout the state. This will allow our clients to bank in nearly every corner of the state.
As a part of the agreement, CenterState insisted on retaining our bank CEOs for a period of at least four years after completing the merger. This, of course, means your banking team will be here to assist you as we always are, even after the CenterState name appears on our banking centers.
These are exciting times for Gateway Bank, and we are very confident you will see the benefits of our alignment with CenterState. We expect the merger will close in the second quarter of 2017, and we will post periodic updates on both this webpage and our Facebook page.
Shaun P. Merriman
President & Chief Executive Officer