CenterState files $200 million shelf covering preferreds, stock, debt

By Devika Patel

Knoxville, Tenn., Dec. 3 - CenterState Banks, Inc. and its subsidiaries, CenterState Banks Statutory Trust II and CenterState Banks Statutory Trust III, jointly filed a $200 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration for the parent covers subordinated debt securities, junior subordinated debt securities, preferred stock, depositary shares, common stock, purchase contracts, units, warrants, rights and guarantees. The subsidiaries may offer trust capital securities, which are guaranteed by the parent.

The securities may be structured as convertibles.

The Davenport, Fla.-based bank holding company said it will describe in a prospectus supplement how it plans to use the proceeds.

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