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Slide #40. Seacoast Banking Corporation of Florida — The BANKshares, Inc.
Seacoast Banking Corporation of Florida (NASDAQ:SBCF)
The BANKshares, Inc.
Seacoast Banking Corporation of Florida (NASDAQ-NMS: SBCF) and The BANKshares, Inc. ("BANKshares") announced today the signing of a definitive agreement pursuant to which BANKshares will merge with and into Seacoast. The acquisition will create the sixth largest Florida-based bank by total assets with approximately $3.0 billion. The combined franchise will also have $2.3 billion of deposits and 46 branches.
Seacoast Banking is a financial holding company. Through its subsidiary, Seacoast National Bank (Seacoast Bank), Co. provides financial services including commercial and retail banking, wealth management, and mortgage services through banking solutions and Seacoast Bank's network of various branches and various commercial banking centers. Seacoast Bank also provides brokerage and annuity services. Seacoast Bank personnel managing the sale of these services are dual employees with LPL Financial, the company through which Seacoast Bank conducts brokerage and annuity services. Co.'s subsidiary, Seacoast Insurance Services, Inc., provides customers with access to a range of insurance products.
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Buy (3.00 out of 4)