Enterprise Financial Services Corp Acquires Seacoast Commerce Banc Holdings

Enterprise Financial Services Corp Acquires First Choice Bancorp

April 26, 2021

Financial Services

Enterprise Financial Services Corp (EFSC) will acquire First Choice Bancorp (FCBP) in an all-stock merger valued at approximately $397.7 million (≈ $33.40 per FCBP share). The transaction, expected to close in Q3 2021 pending regulatory and shareholder approvals, will combine the businesses to create a pro forma company with roughly $12.7 billion in consolidated assets and expands Enterprise’s commercial banking presence in California.

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 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.

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.