On November 23, 2018, National Commerce Corporation (NCC) entered into an Agreement and Plan of Merger with CenterState Bank Corporation (CenterState) whereby NCC will be merged with and into CenterState. Pursuant to and simultaneously with entering into the Merger Agreement, NCC's wholly owned subsidiary bank, National Bank of Commerce (NBC), and CenterState's wholly owned subsidiary bank, CenterState Bank, N.A. (CenterState Bank), entered into a Plan of Merger and Merger Agreement (the Bank Plan of Merger), whereby NBC will be merged with and into CenterState Bank immediately following the merger of NCC with and into CenterState (the Bank Merger). CenterState's and CenterState Bank's existing charters and bylaws will remain in place following the Merger and the Bank Merger.

The Merger Agreement also provides that, upon completion of the Merger, Richard Murray, IV, the current Chairman and Chief Executive Officer of NCC and NBC, will become and serve as the Chief Executive Officer of CenterState Bank, and William E. Matthews, V, the current President and Chief Financial Officer of NCC and NBC, will become and serve as the Chief Financial Officer of CenterState and CenterState Bank. Upon completion of the Merger, John C. Corbett will continue to serve as the President and Chief Executive Officer of CenterState, and Mark W. Thompson will continue to serve as the President of CenterState Bank. Jennifer L. Idell, the current Chief Financial Officer of CenterState and CenterState Bank, will serve as the Chief Administrative Officer of CenterState and CenterState Bank effective upon the closing of the Merger.