Brief: Seacoast Announces The Acquisition Of Heartland Bancshares

Seacoast Banking of Florida

27/02/2025 23:49

Feb 27 (Reuters) - Seacoast Banking Corporation of Florida SBCF.O:

SEACOAST ANNOUNCES THE ACQUISITION OF HEARTLAND BANCSHARES, INC.

SEACOAST BANKING CORPORATION OF FLORIDA: TRANSACTION IS EXPECTED TO BE ACCRETIVE TO EARNINGS IN 2026

SEACOAST- BASED ON SEACOAST'S CLOSING PRICE AS OF FEB 26,, AGGREGATE VALUE OF MERGER CONSIDERATION TO BE PAID BY CO WOULD BE APPROX $110 MILLION

SEACOAST BANKING CORPORATION OF FLORIDA: SHAREHOLDERS WILL HAVE ABILITY TO ELECT TO RECEIVE STOCK, CASH, OR A MIX OF 50% CASH AND 50% STOCK

Source text: ID:nBw1s6HfNa

Further company coverage: SBCF.O

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