Seacoast Banking Corporation of Florida ("Seacoast") has received regulatory approvals for the acquisition of Villages Bancorporation, Inc. ("VBI"). The board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast's application for the acquisition of VBI and the merger of Citizens First Bank with and into Seacoast Bank.
As of June 30, 2025, Seacoast 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.
The transaction is expected to close on or around October 1, 2025, subject to customary closing conditions and the approval of VBI's shareholders. Additional information on Seacoast's agreement to acquire VBI can be found on their website.
Seacoast has filed a registration statement with the Securities and Exchange Commission (SEC) in connection with the proposed merger. Investors are urged to review the proxy statement/prospectus and other relevant documents as they will contain crucial 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. Information regarding their interests and holdings is contained in the proxy statement/prospectus and other relevant materials filed with the SEC.
This acquisition marks a significant development for Seacoast Banking Corporation of Florida as it expands its presence and offerings in the Florida market. 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. For the full picture, make sure to review SEACOAST BANKING CORP OF FLORIDA's 8-K report.
