CenterState Banks in Davenport, Fla., has agreed to buy Platinum Bank Holding Company in Brandon, Fla., in a $83.9 million cash-and-stock deal.

The $5 billion-asset CenterState said in a press release Tuesday that Platinum's shareholders would receive 3.7832 shares of CenterState stock and $7.60 in cash consideration for each share of Platinum stock.

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