Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has received regulatory approvals for its acquisition of Villages Bancorporation, Inc. (VBI) and the merger of Citizens First Bank with and into Seacoast Bank. The transaction is expected to close on or around October 1, 2025, subject to customary closing conditions and 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 provides integrated financial services, including commercial and consumer banking, wealth management, and mortgage services.
Seacoast has filed a registration statement on Form S-4 with the United States Securities and Exchange Commission (SEC) in connection with the proposed merger of VBI and Citizens First Bank with and into Seacoast and Seacoast National Bank, respectively.
Investors are urged to read the proxy statement/prospectus and other relevant documents filed with the SEC as they will contain important information about the mergers.
Villages Bancorporation, Inc. and Citizens First Bank, along with their directors, executive officers, and other members of management, may be considered participants in the solicitation of proxies in connection with the proposed mergers with Seacoast and Seacoast National Bank.
No financial metrics or specific changes in performance were provided in the press release. The market has reacted to these announcements by moving the company's shares -0.95% to a price of $31.35. If you want to know more, read the company's complete 8-K report here.
