CoastalSouth Bancshares Acquires Cornerstone Bancshares

Princeton Bancorp Acquires Cornerstone Financial Corporation

January 18, 2024

Financial Services

Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.

Cornerstone Advisors Acquires Coastline Analytics

August 31, 2021

Data & Analytics

Cornerstone Advisors, a Scottsdale-based management and technology consulting firm, has acquired Coastline Analytics, a Florida-based advanced analytics consultancy focused on community banks and credit unions. Coastline co-founder Steven Simpson joins Cornerstone to lead its Data Science Division as the firm expands its analytics, machine learning, and data science capabilities for financial services clients.

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.

Cornerstone Home Lending Acquires The Roscoe State Bank

June 14, 2021

Financial Services

Cornerstone Home Lending has signed a definitive agreement to acquire The Roscoe State Bank of Roscoe, Texas, creating a combined organization holding roughly $2 billion in assets and over $300 million in equity. The deal aims to expand Cornerstone's product and service offerings, bringing additional home lending and digital banking services to Roscoe's customers; the transaction is subject to customary regulatory approvals.

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.

FB Financial Acquires Southern States Bancshares

June 30, 2025

Financial Services

FB Financial Corporation (parent of FirstBank) completed its merger with Southern States Bancshares, Inc., with Southern States shareholders receiving 0.800 shares of FB Financial common stock per share. The transaction implies an approximate equity value of $368.4 million and expands FB Financial's footprint into Alabama and Georgia; Southern States reported $2.9 billion in total assets as of March 31, 2025.