Abel Solutions Implements Clearing/Cash Management Platform for CenterState Bank

November 30, 2011

Abel Solutions, a leading application developer and Microsoft SharePoint solution provider, announced today that they have implemented a Clearing/Cash Management Platform for CenterState Bank of Florida, N.A. The platform provides the bank clients of their Correspondent Division with more sophisticated online banking capabilities including settlement, wire transfer, ACH origination, OFAC capabilities, FRB and International services.

“A robust Clearing/Cash Management program is critical to our ability to offer a fully comprehensive correspondent product suite to our customers,” explained Kellie Endres, Senior Vice President of CenterState Bank. “When the product that Abel Solutions developed for our team at Silverton Bank became available earlier this year, we jumped at the opportunity to purchase it and immediately engaged Abel Solutions to help us with the implementation.”

CenterState Bank had a short window of opportunity to re-brand and then implement the product. The newly branded “Converge” was acquired in the spring of this year and rolled out to CenterState Bank customers on October 17.

“The team from Abel Solutions was essential to making this happen for us,” continued Endres. “Their project managers and system architects worked alongside our internal IT staff to help us achieve our aggressive delivery date.”

“The renewal of our partnership with these financial services industry visionaries is a great affirmation of the quality of work that we have delivered,” stated Kevin Abel, President of Abel Solutions. “By aiding in the prompt implementation of the platform we were able to help them deliver a high quality product that promises to secure their position as a market leader.”

About CenterState Bank

CenterState Banks, Inc. (“Company”), headquartered in Davenport, Florida, is a multi-bank holding company with two separately chartered banks: CenterState Bank of Florida and Valrico State Bank. Presently, the Company operates through 52 locations in fourteen counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Banking Department, also provides bond sales services; clearing/cash management and fed funds purchased products; international services; and safekeeping, bond accounting, and asset/liability consulting services to community financial institutions throughout the Southeast. For more information, please visit www.centerstatebank.com.