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Seacoast Receives Regulatory Approvals for the Acquisition of Heartland Bancshares, Inc.
STUART, Fla.--(BUSINESS WIRE)-- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), the holding company for Seacoast
About this update from Seacoast Banking Corporation Of Florida
[{"type":"text","content":" STUART, Fla.--(BUSINESS WIRE)--\nSeacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast’s application with respect to Seacoast’s previously announced acquisition of Heartland Bancshares, Inc. (“Heartland”), and Seacoast Bank’s application with respect to the merger of Heartland National Bank with and into Seacoast Bank.\n\nAll required regulatory approvals to complete the transaction have now been received, and the transaction is expected to close on or around July 11, 2025, subject to the satisfaction of customary closing conditions, including approval of the shareholders of Heartland Bancshares, Inc.\n\nAdditional information on Seacoast’s agreement to acquire Heartland can be found at www.seacoastbanking.com.\n\nAbout Seacoast Banking Corporation of Florida (NASDAQ: SBCF)\n\nSeacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $15.7 billion in assets and $12.6 billion in deposits as of March 31, 2025. Seacoast and its subsidiaries provide integrated financial services including commercial and consumer banking, wealth management and mortgage services to customers at over 79 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida.\n\nAdditional information about Seacoast can be found at www.seacoastbanking.com\n\nAdditional Information\n\nSeacoast has filed a registration statement, as amended, on Form S-4 with the United States Securities and Exchange Commission (the \"SEC\") in connection with the proposed merger of Heartland Bancshares, Inc. and Heartland National Bank with and into Seacoast and Seacoast National Bank, respectively. The registration statement in connection with the merger includes a proxy statement of Heartland Bancshares, Inc. and a prospectus of Seacoast. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. WE URGE INVESTORS TO READ THE PROXY STA...