CenterState Bank CEO John Corbett has been named Community Banker of the Year by American Banker Magazine. The magazine states, “CenterState Bank has grown more than 30 percent in less than three years to $2.4 billion in assets at September 30. It is the most aggressive failed-bank Â buyer based in Florida that is not backed by private equity — and one of the few multibillion-asset, homegrown banks left in the state.”
The magazine continues, “That kind of growth and Corbett’s strategy for generating more, has helped him to convince several veteran bank CEOs in the state to leave their own institutions and join him … Corbett’s tactic of finding top CEOs in markets where CenterState plans to acquire banks has worked out well in several cities.”
Ernie Pinner, Chairman and CEO of CenterState’s parent company, Center State Banks, Inc., states he trusts John implicitly. Pinner notes Corbett “is able to deal with the pressures of the business very successfully. He keeps things from getting out of hand or being overly excited and making decisions to quick.”
Pinner is Corbett’s mentor having met him at age 16 and, following college, joining him at what was then First Union. Pinner and Corbett left First Union in 1999 and took the risk of founding CenterState. The magazine went on to detail, “Even after Pinner and Corbett agreed to start CenterState, and had raised $10 million in capital, Corbett’s excitement over the new endeavor remained tinged with terror. On the day CenterState opened, ‘Ernie and I and seven employees opened the door and nobody was there.’ Corbett says “I thought, ‘Oh gosh, we made the worst mistake of our lives.'”
But the customers eventually came as did the acquisitions.
Congratulations John and CenterState!
Taken from the American Banker article honoring Corbett as Community Banker of the Year.