For Immediate Release
Ed Kofman as Head of Loan Trading and Hedging
Winter Haven, FL – February 18, 2014 – CenterState Banks, Inc. (NASDAQ: CSFL) today announced that it has hired Ed Kofman as Managing Director to head the secondary loan trading and hedging desk of CenterState Bank (“CenterState”). Ed previously served as Managing Director at PCBB Capital Markets, but will now expand his responsibilities to include hedging for CenterState Bank as well as for the Bank’s nationwide correspondent bank network.
"Given his background and industry knowledge, Ed is uniquely qualified to take over management of our Assumable Rate Conversion (ARC), C&I and SBA programs. ,” said Chris Nichols, CenterState Bank’s Chief Strategy Officer. "Not only is Ed technically proficient at both hedging and credit, but he is an innovator with a deep understanding of banking, particularly factors that drive profitability.”
“In the next several years, the ability for banks to manage interest and credit risks will be central in driving their loan growth and profitability” said Ed. “CenterState’s internal aspirations, combined with its impressive growth in correspondent banking, makes this an ideal platform to make community banks more competitive.”
Prior to PCBB Capital Markets, Ed Kofman was a financial risk manager at Wells Fargo Bank's Capital Markets group and at Bank of America where he was responsible for general risk management, the production of capital allocation tools and the creation of risk-adjusted return on capital models. Ed also served as a credit loan officer and a Director in the corporate finance group at Bank of Nova Scotia. Prior to his banking experience, Ed practiced corporate/commercial law. Ed received his Bachelor of Science from the University of Toronto, has a MBA and JD from York University, and holds a CFA designation. In addition, Ed holds FINRA certifications including a Series 7 and 63.
About CenterState Banks
CenterState Banks, Inc., headquartered in Davenport, Florida, is a $3 billion total asset sized bank holding company with a nationally chartered bank: CenterState Bank of Florida. Presently, the Company operates through 59 branches in eighteen counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Division, also provides fixed income; loan sales services; hedging; foreign exchange; fed funds purchased products; safekeeping; bond accounting; asset/liability; strategic planning and consulting services to financial institutions located throughout the United States.