Seacoast Banking Corporation of Florida has received regulatory approvals for the acquisition of Villages Bancorporation, Inc.
The transaction is expected to close around October 1, 2025, subject to customary closing conditions and shareholder approval
Seacoast Banking Corporation of Florida is one of the largest community banks in Florida with $15.9 billion in assets and $12.5 billion in deposits
Regulatory Approvals Obtained
Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved the acquisition and merger applications
Transaction Expectations
The acquisition is expected to close by October 1, 2025, pending shareholder approval and fulfillment of closing conditions
Seacoast Banking Overview
Seacoast is a leading community bank in Florida offering a range of financial services to customers
- The completion of regulatory approvals marks a significant step towards the successful acquisition and merger
- Seacoast's expansion through this acquisition enhances its presence in the Florida banking sector
The regulatory approvals signal progress towards Seacoast's strategic expansion and growth opportunities in the Florida market. The anticipated benefits from the acquisition are expected to further strengthen Seacoast's position in the financial sector.