On October 28, 2009, CenterState Banks, Inc. ("CSFL") entered into a Warrant Repurchase Letter Agreement (the "Repurchase Agreement") with the United States Department of Treasury (the "Treasury") to repurchase a warrant to purchase 125,413 shares of CSFL common stock that was issued to the Treasury on November 21, 2008 (the "Warrant") in connection with CSFL's sale to Treasury of 27,875 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, having a liquidation preference of $1,000 per share, for an aggregate purchase price of $27,875,000 as part of the Treasury's Capital Purchase Program. Pursuant to the terms of the Repurchase Agreement, CSFL repurchased the Warrant for a purchase price of $212,000. CSFL previously repurchased all of the Series A Preferred Shares on September 30, 2009 for $28,049,218.75, which included all accrued and unpaid dividends. As a result of the Warrant repurchase, CSFL has repurchased all securities issued to the Treasury under the Capital Purchase Program.

(a) Exhibits:

Exhibit 10.1   Warrant Repurchase Letter Agreement, dated October 28, 2009, between
               CenterState Banks, Inc. and the United States Department of the
               Treasury.