Seacoast Banking Corporation of Florida Acquires Professional Holding Corp.

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 Heartland Bancshares, Inc.

February 27, 2025

Financial Services

Seacoast Banking Corporation of Florida signed a definitive agreement to acquire Heartland Bancshares, Inc., parent of Heartland National Bank, expanding Seacoast's presence in Central Florida. The transaction (aggregate consideration ~ $110–111 million) closed effective July 11, 2025 and brings Heartland's four branches and approximately $666 million in deposits into the Seacoast franchise.

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.

Enterprise Financial Services Corp Acquires Seacoast Commerce Banc Holdings

August 20, 2020

Financial Services

Enterprise Financial Services Corp (EFSC) has entered into a definitive agreement to acquire Seacoast Commerce Banc Holdings (SCBH) in a stock-for-stock transaction valued at about $156 million. The deal will add Seacoast's SBA lending platform and specialty deposit relationships to EFSC, creating a combined company with approximately $9.7 billion in pro forma assets and expected near-term EPS accretion.

The First Bancshares Acquires Beach Bancorp, Inc.

April 26, 2022

Financial Services

The First Bancshares, Inc. (The First) entered into and completed a definitive agreement to acquire Beach Bancorp, Inc., the parent of Beach Bank, in an all‑stock transaction valued at approximately $116.7 million based on First Bancshares’ April 25, 2022 closing price. Beach Bank — which operates seven branches across the Florida panhandle and Tampa markets — was merged into The First Bank, expanding The First’s footprint in Northwest Florida and providing an entry into the Tampa market.