DLP Bancshares, a St. Augustine holding company, said Sept. 15 it acquired Community State Bank, a $225 million-asset firm headquartered in Starke.
DLP is owned by a group of private investors including Don Wenner, CEO of St. Augustine-based real estate investment and financial services firm DLP Capital.
According to Federal Deposit Insurance Corp. data, DLP Bancshares owns no other banks.
Community State, founded in 1957, has branches in Starke, Lake Butler, Interlachen and Micanopy, according to the database.
Terms of the deal were not announced.
DLP Bancshares said it is adding additional capital to the bank and installing several new members to its board of directors.
Community State CEO David Bridgeman will remain in that role and on the board of directors.
One other holdover director is Eric Smith, former president of the Jacksonville City Council.