Seacoast Banking Corporation of Florida Acquires Heartland Bancshares, Inc.

Seacoast Banking Corporation of Florida Acquires Legacy Bank of Florida

March 23, 2021

Financial Services

Seacoast Banking Corporation of Florida (Seacoast) signed a definitive agreement to acquire Legacy Bank of Florida, merging Legacy into Seacoast Bank to expand Seacoast’s presence in Broward and Palm Beach counties. Legacy Bank operates five branches with approximately $432 million in deposits and $482 million in loans as of December 31, 2020; Legacy shareholders will receive Seacoast stock in the transaction.

Seacoast Acquires Sabal Palm Bancorp and Business Bank of Florida

August 23, 2021

Financial Services

Seacoast Banking Corporation of Florida entered into definitive agreements to acquire Sabal Palm Bancorp, Inc. (parent of Sabal Palm Bank) and Business Bank of Florida, Corp. (parent of Florida Business Bank). The two community banks will be merged into Seacoast Bank, expanding Seacoast's footprint in Sarasota and Brevard County and adding roughly $600 million in assets; the deals are expected to be accretive to earnings in 2022/2023.

Seacoast Banking Corporation of Florida Acquires Apollo Bancshares, Inc.

March 29, 2022

Financial Services

Seacoast Banking Corporation of Florida signed a definitive agreement to acquire Apollo Bancshares, Inc., the parent of Miami-based Apollo Bank, expanding Seacoast's presence in Miami‑Dade County. Apollo operates five branches with approximately $928 million in deposits and $665 million in loans; the all‑stock deal (fixed exchange ratios) was valued at about $168.3 million based on Seacoast's March 28, 2022 closing price and was expected to close in Q4 2022.

Seacoast Banking Corporation of Florida Acquires Professional Holding Corp.

August 8, 2022

Financial Services

Seacoast Banking Corporation of Florida agreed to acquire Professional Holding Corp., the parent of Professional Bank, in a stock-for-stock transaction valued at approximately $488.6 million based on Seacoast's August 5, 2022 share price. The deal expands Seacoast’s footprint in the tri-county South Florida market (Miami‑Dade, Broward and Palm Beach), adding nine branches, roughly $2.4 billion in deposits and $2.0 billion in loans; closing was expected in Q1 2023 pending customary approvals.

UMB Financial Corporation Acquires Heartland Financial USA, Inc.

April 29, 2024

Financial Services

UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.

CoastalSouth Bancshares Acquires Cornerstone Bancshares

April 23, 2021

Financial Services

CoastalSouth Bancshares, parent of Coastal States Bank, completed the acquisition of Cornerstone Bancshares, the parent of Cornerstone Bank, expanding Coastal States Bank's presence in the Atlanta metropolitan area. The deal increases CSB's deposit footprint in Atlanta to over $550 million and brings Cornerstone's three Atlanta branches and client base into CSB's community banking platform.