North Florida bank acquired by DLP Bancshares - Jacksonville Business Journal

DLP Bancshares announced Thursday that it has acquired Community State Bank, a commercial bank with $225 million in assets headquartered in Starke.

Following the acquisition, DLP Bancshares said in the release that it made a"significant capital contribution" into Community State Bank to increase the bank’s lending limit, support its balance sheet objectives including loan growth, enhance the range of services offered to its customers, and steward and safeguard the bank’s operations, augmenting a strong system of internal controls, systems, and policies.

DLP Bancshares brings to Community State Bank new board members with extensive financial and business experience including: Lisa Mead, a former executive of AmSouth Bank of Birmingham, Alabama; Frank Rodriguez, chairman of debt and equity investment firm Miramar Group and former board member of the U.S.

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