Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has received regulatory approvals from the board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency for its acquisition of Villages Bancorporation, Inc. (VBI) and the merger of Citizens First Bank into Seacoast Bank. The transaction is expected to close on or around October 1, 2025, subject to customary closing conditions and the approval of VBI's shareholders.
As of June 30, 2025, Seacoast Banking Corporation of Florida reported approximately $15.9 billion in assets and $12.5 billion in deposits. The company operates 84 full-service branches across Florida and offers integrated financial services, including commercial and consumer banking, wealth management, and mortgage services.
Seacoast has filed a registration statement with the United States Securities and Exchange Commission (SEC) in connection with the proposed merger, which includes a proxy statement of VBI and a prospectus of Seacoast. Investors are encouraged to review these documents as they will contain important information about the mergers.
The completion of this acquisition and merger would likely have a significant impact on Seacoast's financial metrics, including its total assets, deposits, and branch network. It will be interesting to see how these metrics change in the upcoming financial reports following the closure of the transaction. As a result of these announcements, the company's shares have moved -0.95% on the market, and are now trading at a price of $31.35. Check out the company's full 8-K submission here.
