EQUITY ALERT: Rosen Law Firm Announces Investigation of Community Bank of South Florida, Inc. Concerning its Proposed Sale to CenterState Banks, Inc. - CBKS

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Community Bank of South Florida, Inc. CBKS for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Community Bank of South Florida to maximize shareholder value before agreeing to be acquired by CenterState Banks, Inc. CSFL.

If you would like to join the action, go to the firm's website at http://rosenlegal.com/cases-736.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the proposed transaction, shareholders will receive either 0.9148 shares of CenterState Banks' common stock or $13.31 in cash for each share of Community Bank of South Florida's common stock they own, subject to the total consideration being 50% stock and 50% cash. The proposed transaction is valued at approximately $66.6 million. The investigation relates to whether the proposal is fair to the public shareholders of Community Bank of South Florida and whether Community Bank of South Florida's Board breached its fiduciary duties in connection with the proposed sale.

If you currently own shares of Community Bank of South Florida and wish to obtain additional information, please visit the firm's website at http://rosenlegal.com/cases-736.html. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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