Business
Seacoast Receives Regulatory Approvals for the Acquisition of Villages Bancorporation, 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 Villages Bancorporation, Inc. (“VBI”), and Seacoast Bank’s application with respect to the merger of Citizens First Bank with and into Seacoast Bank.\n\n\nAll required regulatory approvals to complete the transaction have now been received, and the transaction is expected to close on or around October 1, 2025, subject to the satisfaction of customary closing conditions, including approval of the shareholders of Villages Bancorporation, Inc.\n\n\nAdditional information on Seacoast’s agreement to acquire VBI can be found at www.seacoastbanking.com.\n\n\nAbout Seacoast Banking Corporation of Florida (NASDAQ: SBCF)\n\n\nSeacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $15.9 billion in assets and $12.5 billion in deposits as of June 30, 2025. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at 84 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\n\nAdditional information about Seacoast can be found at www.seacoastbanking.com.\n\n\nAdditional Information\n\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 Villages Bancorporation, Inc. and Citizens First Bank with and into Seacoast and Seacoast National Bank, respectively. The registration statement in connection with the merger includes a proxy statement of Villages Bancorporation, 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 STATEMENT/PROSPECTU...